Market Today 29 May 2026

🇮🇳 Indian Equity Market 29 May 2026 📉 Indian markets witnessed a volatile session with sharp selling pressure emerging in the last trading hour. Closing Snapshot Nifty 50: around 23, 550 (-1.5%) Sensex: around 74, 985 (-1.1%) Broader market sentiment turned risk-off amid heavy institutional selling and MSCI reshuffling activity. Sector Performance ✅ Outperformers: IT Stocks Select Metals AI/Data Centre linked themes ❌ Laggards: Oil & Gas Auto FMCG PSU Energy Top Gainers – Nifty 50 📈 Infosys Tech Mahindra HCL Technologies Tata Consultancy Services Hindalco Industries Top Losers – Nifty 50 📉 ONGC ITC Power Grid Corporation of India InterGlobe Aviation Eicher Motors Major Reason Behind Last Hour Fall ⚠️ 1) MSCI Index Rebalancing Pressure The biggest trigger was aggressive institutional selling related to the MSCI reshuffle. India’s weight in MSCI indices has reportedly declined sharply from earlier peak levels, leading to: Passive fund outflows FII selling pressure Large-cap profit booking Heavyweights witnessed sudden sell orders near closing due to index adjustment flows. 2) Global Risk-Off Sentiment 🌍 Markets also reacted to: Rising geopolitical tensions Crude oil uncertainty Concerns around inflation and global growth slowdown These factors triggered broad-based risk reduction by foreign investors. 3) Expiry-Style Volatility & Profit Booking After recent rebounds, traders booked profits aggressively in: PSU stocks Energy names Auto counters Selling accelerated once Nifty slipped below key intraday support levels. MSCI Shuffle – Key Talking Points 🔄 Likely Beneficiaries / Higher Weightage Market participants tracked inflows into: Large private financials IT majors Select consumption names Stocks Facing Pressure Pressure was seen in: PSU energy stocks Oil & gas names Some over-owned large caps MSCI-related adjustments typically create sharp closing-hour moves because passive/global funds rebalance portfolios at market close. Key Market Takeaway 🧠 Despite today’s sharp fall: IT sector remained resilient due to AI optimism and weaker rupee support. Data centre, AI infrastructure, power and capital goods themes continue attracting long-term interest. Short term sentiment may remain volatile, but thematic sectors linked to: ⚡ Power 🤖 AI 🏗️ Infra 🖥️ Data Centres could continue to outperform structurally over the coming years.