NIFTY50, SENSEX trade flat after subdued opening on May 26; Coal India, ONGC, among top losers

At 9:15 am, the NIFTY50 opened 0.14% or around 33 points lower at 23,880.35 points on Wednesday, May 27, compared to the previous market close level of 23,913.70 points, according to NSE data.

The BSE SENSEX index opened 0.09% or 69 points lower at 75,939 points on May 27, compared to 76,009.70 points at the previous market close levels, according to the exchange data.

Both exchanges were trading flat after the muted open on Wednesday, with NIFTY50 up 0.07% at 23,929.80 points, and SENSEX up 0.16% at 76,090 points as of 9:21 am.

During the pre-market session, the GIFT NIFTY futures in Ahmedabad were trading 0.08% lower at 23,894 points at 9:06 am on Wednesday, as per the exchange data. Investors remain focused stock specific action amid the last leg of corporate earnings season for the March quarter of the financial year ended 2025-26.

Factors impacting stock market today

Investors exercised caution with a key focus on assessing the volatile oil prices, the negotiations updates between United States and Iran over West Asia conflict and the escalations in the Strait of Hormuz, amid a fragile ceasefire deal.

Foreign investors resumed their selling streak on Tuesday, selling ₹2,407.87 crore worth of capital maket assets across the stock exchanges in a single day, according to NSE data.

While the domestic buyers provided marginal support, buying ₹1,361 crore worth of assets in a single day, it was not enough to push the benchmark indices into a positive closing as majority investors booked their profits after Monday’s positive momentum gains.

Amid the weak momentum from Asian stock markets on May 27, the investors were also attentive towards the crude oil prices re-entering an higher level after trading range-bound in the last few trading sessions.

Investing.com data showed that the benchmark Brent crude oil prices were trading above $95 per bbl on Wednesday’s market, India time, compared with $96.64 per bbl at the previous commodity market close.

Oil prices have cooled 5% over the last five trading days on the easing global market sentiment, but the energy prices still posed the risk of a sudden increase in case the third round of negotiations fails for a potential peace deal.

The tensions remained elevated in the market after the latest news report suggested that Lebanon’s Health Ministry claimed that Israel carried out an airstrike on Tuesday, killing 31 people and wounding 40 others, amid the ongoing ceasefire deal in the region.

All eyes will be on the outcome of US President Donald Trump’s Cabinet meeting on Wednesday, for any cues of a near-term end to the US-Iran conflict, which is in its 13th week since February 28.

Top gainers & losers today

Stocks like Hindalco, NTPC, Power Grid Corp., Eternal, Tech Mahindra, and Tata Steel were among the top gainers as of Wednesday’s early market session on NSE.

Hindalco was up 3.6%, NTPC up 1.9%, Power Grid Corp. up 1.9%, Eternal up 1.9%, Tech Mahindra up 0.91%, and Tata Steel up 0.7% were among the top gainers in the early market hours.

While others like Coal India, ONGC, HDFC Bank, HDFC Life Insurance, Eicher Motors, and BEL share were among the top losers during the morning market session on May 27.

Coal India shares lost 4%, ONGC down 3%, HDFC Bank down 1.7%, HDFC Life Insurance down 0.7%, Eicher Motors down 0.6%, and BEL down 0.6% were among the laggards.