Sensex Nifty Live Updates May 29: Bulls in Control as Markets End Higher; Nifty Above 24,800

Indian markets ended higher on May 29, supported by firm global cues and buying interest in banking and pharma stocks. The Nifty 50 rose 0.33% to close at 24,833, while the Sensex gained 0.39% to settle at 81,633. Asian markets posted strong gains, European indices traded in the green, and U.S. futures pointed to a positive start, lifting overall investor sentiment.

Stock Market Highlights, May 29:

• Markets Close Higher on Positive Global Cues: Indian indices ended in the green, with the Nifty 50 rising 0.33% to close at 24,833, and the Sensex gaining 0.39% to settle at 81,633. Strong gains in Asian markets and an upbeat start to U.S. futures potentially supported investor sentiment throughout the session.
• IndusInd Bank, Sun Pharma Lead Gainers: Banking and pharma stocks led the charge today. IndusInd Bank topped the gainers' list with a 2.36% rise, followed closely by Sun Pharma (+2.00%) and Adani Ports (+1.96%). Trent and Eternal also posted notable gains.
• Mild Pressure on FMCG and Financials: On the downside, HDFC Life (-1.08%) and Tata Consumer Products (-1.03%) saw some profit booking. Other laggards included Bharat Electronics and Jio Financial, while Bajaj Finance eased slightly.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

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European Market Mid-Session Update:

U.S. Markets Live Today

*As of 15:27 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates:

IRCTC

IRCTC reported a net profit of ₹358 crore for the January–March quarter, marking a 26% increase compared to ₹284 crore recorded in the same quarter last year. Quarterly revenue rose to ₹1,269 crore, up from ₹1,152 crore year-on-year. The performance was bolstered by a one-time income of ₹45.68 crore.

Natco Pharma

Natco Pharma registered a 5% rise in net profit, reaching ₹406 crore. Revenue climbed 16% to ₹1,287.3 crore, while EBITDA came in at ₹548 crore. Despite these gains, the company’s profit margin narrowed slightly to 44.89%, compared to 46.55% in the year-ago quarter.

Deepak Nitrite

On May 28, Deepak Nitrite reported a consolidated net profit of ₹202.41 crore for the March quarter, reflecting a 20.72% year-on-year drop from ₹253.8 crore posted in the same period last year.

IndusInd Bank

SEBI has issued an ex-parte interim order against five senior officials, including the former CEO of IndusInd Bank, as part of an ongoing investigation into insider trading allegations.

Bata India

Bata India saw its net profit shrink by 27.7% to ₹46 crore for the quarter, with revenue slipping slightly to ₹788.2 crore. The company’s operating profit (EBITDA) declined by over 26% during the same period.

Stock Market Outlook for May 29:

• Positive Start Despite Weak U.S. Cues: Nifty opened at 24,825, up 0.30% from the previous close, in line with GIFT Nifty's 0.23% rise. U.S. markets closed lower, but Asian indices are trading in the green.
• Options Data Points to Resistance Near 24,800: Nifty Max Pain at 24,800 and a low PCR of 0.64 potentially suggest limited upside. Bank Nifty Max Pain at 55,300 with PCR at 0.79 also hints at range-bound action.
• Strong Institutional Buying Continues: FIIs net bought ₹4,662.9 crore while DIIs added ₹7,912 crore, reflecting robust domestic participation.
   

Indian Stock Market Recap: May 28

Indian markets closed lower on Wednesday, with the Nifty 50 ending at 24,752, down 0.30%, and the Sensex slipping 0.29% to 81,312. 

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Global Market Cues (US Indices):

Asian Markets: 

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FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 4662.9
Domestic Institutional Investors (DIIs) Net Buy/Sell : 7912

*As of 09:30 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.