Stock Market Today 29 May 2026: Nifty at 23,933, Sensex at 76,033 – Nifty IT Soars 2.60% as Indian Share Market Opens Strong After Bakri Id Holiday

The Indian stock market today opened with strong positive momentum on 29 May 2026 – the first trading session after the Bakri Id (Eid-ul-Adha) market holiday on 28 May. The Nifty today (Nifty 50 today) is at 23,932.95, up 25.80 points (+0.11%) from its previous close of 23,649.95 on 27 May. The Sensex today is at 76,033.38 and the BSE today shows broad strength, up 165.58 points (+0.22%). The standout performer in the stock market today is the Nifty IT index, surging 2.60 percent to 29,657.70 – adding 751 points in a single session – as IT stocks continue their post-results rally on the back of a weak rupee at Rs 96.26 and strong FY26 earnings across the sector. GIFT Nifty opened at 23,966, up 92.50 points (+0.39%), setting an upbeat tone before the Indian market opened.

Stock Market Today Live – Share Market Today Snapshot – 29 May 2026

Indian Indices

• Nifty 50: 23,932.95 (+25.80 points, +0.11%) | Previous close: 23,649.95 on 27 May 2026
• BSE Sensex: 76,033.38 (+165.58 points, +0.22%)
• Nifty Bank: 55,062.90 (+209.05 points, +0.38%) – strong recovery after 27 May weakness
• Nifty IT: 29,657.70 (+751.00 points, +2.60%) – top sectoral performer in today’s stock market and share market today
• Nifty Auto: 26,900.15 (+35.95 points, +0.13%)

Global Indices (May 29)

• GIFT Nifty (stock market today pre-indicator): 23,966.00 (+92.50 points, +0.39%) – set the positive tone before Indian market opened
• Dow Jones Futures: 50,688.36 (+19.39 points, +0.04%)
• Nikkei 225 (Japan): 66,162.00 (+1,468.88 points, +2.27%) – strong Asian cue
• Hang Seng (Hong Kong): 25,290.00 (+283.84 points, +1.14%)

Why the Stock Market Today Is Higher: 5 Reasons Behind Today’s Market Rally

1. GIFT Nifty Signalled a Strong Open

GIFT Nifty at 23,966 – up 92.50 points or 0.39 percent over Nifty’s previous close of 23,649 – provided the clearest pre-market signal for today’s Indian stock market. GIFT Nifty (the NSE’s international exchange derivative) trades during hours when Indian markets are closed and reflects overnight global cues. The 0.39 percent GIFT Nifty premium to the previous Nifty close set the stage for a gap-up open in the stock market today when Indian markets resumed after the Bakri Id break.

2. Strong Asian Market Cues

The Nikkei 225 in Japan is trading up 2.27 percent to 66,162 – the strongest single-session gain in Asian markets today. The Hang Seng in Hong Kong is up 1.14 percent to 25,290. Strong Asian markets are a positive leading indicator for the Indian share market today, as they reflect global risk-on sentiment and capital flows toward emerging markets. The stock market today is also buoyed by the Nikkei’s 2.27 percent gain on improving Japan-US trade relations and a weaker yen boosting Japanese export earnings – a sentiment positive that spills into the broader Asian equity trade.

3. Nifty IT Index Up 2.60% – Rupee Tailwind and FY26 Earnings

The Nifty IT index’s 2.60 percent surge to 29,657.70 is the dominant stock market today story and the top stock market news today. The rupee at Rs 96.26 is at its weakest against the dollar in recent years – and every 1 percent rupee depreciation adds approximately 40 to 50 basis points to INR EPS for IT companies with US dollar revenue. Tech Mahindra (+4.85% on 27 May), Infosys (+2.38%) and HCL Technologies (+1.23%) have been leading the IT index recovery since strong Q4 FY26 results showing that operating margins are recovering after four quarters of decline. Today’s 2.60 percent Nifty IT move suggests institutional follow-through buying after the 27 May IT sector breakout.

4. Nifty Bank Recovery – +0.38% After 27 May Weakness

The Nifty Bank in today’s stock market is up 209.05 points (+0.38%) to 55,062.90 – a meaningful recovery after the index closed weak on 27 May at 53,537.00 (down 0.32%). The weekly F&O expiry has been shifted to today (29 May) from Thursday 28 May (market holiday) – this creates elevated options unwinding activity in banking names. Private sector banks are leading: Kotak Mahindra Bank (+1.14% on 27 May) and ICICI Bank (+0.58%) have been the stable outperformers in the banking space, with HDFC Bank also positive. The Nifty Bank recovery today partly reflects this F&O expiry-related rebalancing.

5. DIIs Have Been Strongly Buying – Rs 62,083 Crore in May

Domestic Institutional Investors (DIIs) have been the primary support pillar for the Indian stock market in May 2026, buying Rs 62,083.79 crore worth of Indian equities month-to-date. On 27 May alone, DIIs bought Rs 3,821 crore against FII selling of Rs 1,042.70 crore. The May FII sell figure (Rs 33,814.77 crore net sold) is partially offset by the DII counterbalancing. DII buying at this scale – driven by SIP inflows into mutual funds and insurance premium deployment – continues to provide a structural floor for the Indian share market today even as FIIs remain net sellers.

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FII and DII Activity: What the Data Says About Today’s Stock Market

• FII activity on 27 May 2026: Rs -1,042.70 crore (net sellers – FIIs pulling back)
• DII activity on 27 May 2026: Rs +3,821.00 crore (net buyers – strong domestic support)
• FII MTD May 2026: Rs -33,814.77 crore (sustained selling throughout May)
• DII MTD May 2026: Rs +62,083.79 crore (record-pace domestic buying)

The FII-DII divergence in May 2026 is the defining feature of the stock market today in India. FIIs are selling at a pace not seen since October 2024, driven by the ongoing US-Iran conflict (Brent crude above $105), dollar strength and risk-off repositioning in global portfolios. However, DIIs have absorbed every rupee of FII selling and then some – the Rs 62,083 crore DII buy MTD versus Rs 33,814 crore FII sell creates a net positive Rs 28,269 crore domestic institutional surplus for May. This explains why the Nifty 50 has held at 23,649 to 23,932 despite the scale of FII outflows – the Indian share market today is being driven by domestic institutional conviction, not foreign flows.

Key Events Driving the Stock Market Today – 29 May 2026 Special Catalysts

Coal India OFS Retail Window – Open Today

The Coal India OFS retail investor window is open today (29 May 2026) from 9:15 AM to 3:30 PM. The government is divesting up to 2 percent stake at a floor price of Rs 412 per share – approximately 10 percent below Coal India’s current price of Rs 458. The non-retail institutional window on 27 May was subscribed 2 times at an indicative price of Rs 417.62. Today’s retail window closure will determine the final allocation and cut-off price. In the stock market today, Coal India’s OFS presence creates natural arbitrage activity – the open market price gravitates toward the OFS floor as buyers assess the discount opportunity.

Q-Line Biotech Lists on NSE SME Today

Q-Line Biotech, India’s largest SME IPO of 2026 by issue size at Rs 214.48 crore, lists on NSE SME today – a stock market news today highlight – at 10 AM. The IPO was subscribed 987 percent overall (QIB 519%, NII 1,095%, Retail 1,007%). Pre-listing GMP was Rs 102, indicating an expected debut near Rs 445 – a 29.7 percent premium over the issue price of Rs 343. The listing adds a live catalyst to an already active stock market today session.

Shifted Weekly F&O Expiry

In the stock market today, the weekly Nifty and Bank Nifty options expiry has shifted from 28 May (holiday) to 29 May. This creates elevated intraday volatility – particularly in banking and financial stocks – as option writers square positions and market makers rebalance delta. Nifty expiry-day volumes are typically 30 to 40 percent higher than a normal session, and the shift to Friday creates an additional feature: monthly closing positioning for the May 2026 series which expires today.

Sector Performance in the Stock Market Today – Nifty IT Leads

• Nifty IT: +2.60% (29,657.70) – top sector. Tech Mahindra, Infosys, HCL Tech, Wipro, TCS all higher. Rupee weakness driving IT re-rating.
• Nifty Bank: +0.38% (55,062.90) – recovery from 27 May weakness. Kotak Bank, ICICI Bank, HDFC Bank leading private banks higher.
• Nifty Auto: +0.13% (26,900.15) – muted but positive. Tata Motors EV recovery and JK Tyre price hike narrative in focus.
• PSU Banking: Mixed – SBI, Canara Bank, PNB were weak on 27 May. OFS floor pressure on Coal India stock today.
• Pharma: Sun Pharma (+1.37% on 27 May) – rupee tailwind for US revenue. Defensive positioning on F&O expiry day.
• Power and Renewables: Adani Power (Q4 PAT +52%), Suzlon Energy (wind market share rising) – watching for post-holiday catch-up.

Nifty Technical Outlook for the Stock Market Today – Key Levels to Watch

The Nifty 50 today at 23,932.95 is approaching the key resistance of 23,938 (previous swing high as cited by technical analysts). A decisive close above 23,938 on high volume today would open up the next resistance zone at 24,116. Support levels to watch on the downside are 23,362 and 23,184. The RSI was below 50 on 27 May, indicating cautious momentum – today’s gap-up to 23,932 needs to be followed by sustained buying volume through the day to shift the RSI above 50 and establish a bullish trend. The broader market context is positive: GIFT Nifty’s 0.39 percent premium, Nikkei’s 2.27 percent surge and Hang Seng’s 1.14 percent gain collectively support a positive stock market today and share market today.

In the stock market today, Nifty Bank at 55,062.90 has recovered above its 27 May close of 53,537 – a recovery of 1,525 points or 2.85 percent from that close – a significant move that suggests both short-covering (F&O expiry) and genuine buying in banking heavyweights. Bank Nifty support is at 53,800 and resistance at 55,500. A close above 55,500 today would be a bullish breakout in the banking index.

Stock Market News Today – What to Watch on 29 May 2026 – 29 May 2026

• 10 AM: Q-Line Biotech listing on NSE SME – watch opening price vs expected Rs 445 (GMP-based)
• 3:30 PM: Coal India OFS retail window closes – final cut-off price to be announced
• Throughout: Weekly F&O expiry – Nifty and Bank Nifty options unwinding. Max pain levels to act as price magnets
• Global: US GDP and consumer confidence data tonight – will influence tomorrow’s GIFT Nifty and global equity direction
• Rupee (key stock market today driver): Rs 96.26/dollar – any further weakening directly benefits IT and pharma stocks in today’s share market
• Crude oil (watch in stock market today): Brent near $105-107 – any spike impacts Aviation (IndiGo, Air India) and OMCs (BPCL, HPCL) negatively

Disclaimer: This article is for informational and educational purposes only. Nothing in this article constitutes investment advice, a recommendation to buy or sell securities, or a solicitation of any offer to buy or sell securities. Univest is a SEBI-registered research analyst (INH000014019). Readers should conduct their own research and consult a SEBI-registered investment advisor before making any investment decisions. Past performance of any stock or sector is not indicative of future results. Investments in equity markets are subject to market risks.

FAQs on Stock Market Today, Share Market Today and Nifty Today – 29 May 2026

What is the Nifty today level – Nifty 50 today in the stock market today?

Ans. In the stock market today (29 May 2026), the Nifty 50 is trading at 23,932.95 – up 25.80 points (+0.11%) from its previous close of 23,649.95 on 27 May 2026. The stock market today is higher in this first session after Bakri Id. Nifty IT is the top performing sector today at +2.60%.

What is the Sensex today and the BSE today performance?

Ans. The Sensex today (29 May 2026) is at 76,033.38 – up 165.58 points (+0.22%) from the previous close. The Indian share market today opened positive on strong global cues including GIFT Nifty at 23,966 (+0.39%), Nikkei 225 at 66,162 (+2.27%) and Hang Seng at 25,290 (+1.14%).

Why is Nifty IT up 2.60% in today’s stock market news today?

Ans. Nifty IT is up 2.60% to 29,657.70 in today’s stock market because of: (1) the rupee at Rs 96.26 (multi-year low) directly boosts INR earnings for IT companies with US dollar revenue; (2) strong Q4 FY26 results from TechM (+4.85% on 27 May), Infosys, HCL Tech and Wipro; and (3) institutional follow-through buying after the 27 May IT breakout.

What is the FII DII data in the stock market today and share market today?

Ans. In today’s share market context: FII sold Rs 1,042.70 crore on 27 May and Rs 2,407.87 crore on 26 May. DII bought Rs 3,821 crore on 27 May. MTD May 2026: FII net sold Rs 33,814 crore while DIIs bought Rs 62,083 crore – a strong Rs 28,269 crore net domestic surplus that is holding the Nifty above 23,600.

Why is the stock market today open – wasn’t 28 May a holiday? – wasn’t 28 May a holiday?

Ans. Yes, 28 May 2026 was a market holiday for Bakri Id (Eid-ul-Adha) – NSE and BSE were fully closed. The stock market today (29 May) is the first trading session after the holiday. The weekly Nifty and Bank Nifty F&O expiry has also been shifted from Thursday 28 May to today (Friday 29 May), making this a high-volume session.