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Indices trade flat in late morning deals
May-29-2026

Domestic equity indices continued to trade flat in late morning deals, as traders were cautious after the India Meteorological Department (IMD) revised its forecast for the 2026 southwest monsoon downward, predicting that India will receive only 90% of the Long Period Average (LPA) rainfall, placing the season firmly in the below normal category. This marks a further downgrade from the IMD's April projection of 92% of LPA. Further, market participants stayed on the sidelines ahead of key macroeconomic data and the RBI policy decision next week. Besides, cautiousness also prevailed in the markets as foreign portfolio investors (FPIs) sold shares worth Rs 1,042.70 crore in the Indian equity market on May 27, 2026. On the BSE sectoral front, traders accumulated positions in IT, TECK, Realty, Telecom, and Industrials, while Oil & Gas, Metal, Energy, Utilities, and Basic Materials sectors witnessed selling.

On the global front, Asian markets were trading mostly in green following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalized. Back home, in the stock specific development, HBL Engineering surged as the company secured letter of acceptance worth Rs 1,714 crore (excluding 18% GST) from Chittaranjan Locomotive. 

The BSE Sensex is currently trading at 75909.38, up by 41.58 points or 0.05% after trading in a range of 75817.50 and 76220.02. There were 12 stocks advancing against 18 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.37%, TECK up by 1.42%, Realty up by 1.35%, Telecom up by 0.85% and Industrials up by 0.40%, while Oil & Gas down by 0.86%, Metal down by 0.63%, Energy down by 0.55%, Utilities down by 0.46% and Basic Materials down by 0.46% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 3.80%, Tech Mahindra up by 2.03%, HCL Technologies up by 1.89%, Larsen & Toubro up by 1.58% and TCS up by 1.34%. On the flip side, Interglobe Aviation down by 2.18%, NTPC down by 1.29%, Tata Steel down by 1.19%, Power Grid Corp down by 1.18% and ITC down by 1.04% were the top losers. 

Meanwhile, the World Energy Investment 2026 report released by the International Energy Agency (IEA) has stated that India's energy investment is set to reach a record $170 billion in 2026, fueled by rapid expansion in solar power and oil refining as the country accelerates efforts to meet rising energy demand and strengthen infrastructure for its clean energy transition. The report said that over the past five years, energy investment in India has grown at an average annual rate of 11%, with solar photovoltaic (PV) investment rising 25% annually and oil refining investment growing 23% over the same period. Together, the two sectors accounted for about 25% of the rise in overall energy spending.

It stated the rise in refining investment has put India on track to expand refining capacity by nearly 15% by 2030, despite the country remains heavily dependent on imported crude oil. Upstream oil and gas investment, however, has fallen by around 7% each year since 2020, pushing the government to launch a new licensing regime, aimed at attracting fresh capital into exploration and production. 

According to the IEA, India is the world’s second-largest investor in coal supply, with investments having tripled over the past decade. Coal continues to dominate India's energy mix, supporting both electricity generation and industrial demand. Investment in coal supply is expected to reach $13 billion in 2026, as India seeks to raise domestic coal production to 1.5 billion tonnes by 2030 from around 1 billion tonnes currently.

The CNX Nifty is currently trading at 23889.55, down by 17.60 points or 0.07% after trading in a range of 23871.10 and 24002.80. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were Infosys up by 3.69%, Tech Mahindra up by 2.24%, Wipro up by 2.04%, HCL Technologies up by 1.79% and Larsen & Toubro up by 1.49%. On the flip side, Interglobe Aviation down by 2.17%, Bajaj Auto down by 2.02%, ONGC down by 1.86%, Eicher Motors down by 1.82% and SBI Life down by 1.66% were the top losers. 

Asian markets were trading mostly in green; Nikkei 225 surged 1752.88 points or 2.71% to 66,446.00, Taiwan Weighted added 1280.27 points or 2.93% to 44,916.71, Jakarta Composite gained 87.69 points or 1.41% to 6,217.88, KOSPI increased 277.36 points or 3.39% to 8,462.65, Hang Seng advanced 278.84 points or 1.12% to 25,285.00 and Straits Times rose 43.5 points or 0.87% to 5,032.69. However, Shanghai Composite weakened 6.35 points or 0.15% to 4,092.29.
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