Market News

3 min read | Updated on May 29, 2026, 16:34 IST
SUMMARY
On May 29, the 30-share BSE SENSEX tanked by 1,092.05 points or 1.44% to settle at 74,775.74. The 50-share NIFTY declined by 359.40 points or 1.50% to end at 23,547.75.
Stock list

TThe NIFTY Smallcap 100 closed at 18,138.80, down by 155.50 points or 0.85%. on May 29. | Image: Shutterstock
Furthermore, investor sentiment was also impacted by continuous foreign investment outflows due to MSCI’s recent rebalancing move.
On Wednesday, the foreign institutional investors (FIIs) sold stocks worth ₹1,042.70 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹3,821 crore on a net basis, according to exchange data.
On May 29, the 30-share BSE SENSEX tanked by 1,092.05 points or 1.44% to settle at 74,775.74. The 50-share NIFTY declined by 359.40 points or 1.50% to end at 23,547.75.
Power Grid Corporation of India (-4.11%), InterGlobe Aviation (-3.28%), Oil & Natural Gas Corporation (ONGC) (-3.01%), Max Healthcare Institute (-2.86%), and Eicher Motors (-2.78%) were among the top losers in the index.
On the other hand, the top gainers included Tech Mahindra (1.68%), HCL Technologies (1.44%), Wipro (1.25%), Nestle India (1.09%) and Larsen & Toubro (L&T) (1.05%).
NSE’s NIFTY midcap gauge, the Midcap 100, ended 1.33% or 835.05 points lower at 61,723.80 on May 29, weighed down by the sell-off in the shares of Multi-Commodity Exchange (MCX) (-6.95%).
The other top laggards were Swiggy (-4.86%), Bharat Dynamics (-4.77%), Ashok Leyland (-4.26%) and NMDC (-4.20%).
The stock of Bharat Dynamics (BDL) dropped more than 8% after recording a 58% fall in its consolidated net profits to ₹113.18 crore in the March quarter of the financial year ended 2025-26, compared to ₹272.77 crore in the same period of the previous fiscal year.
Shares of Ashok Leyland declined despite reporting a record quarterly standalone profit after tax of ₹1,404.72 crore in the final quarter of the financial year 2025-26, up 12.75% year-on-year (YoY). The company had posted a net profit of ₹1,245.87 crore a year back.
On the flipside, Indian Renewable Energy Development Agency (IREDA) (3.99%), GMR Airports (2.80%), Radico Khaitan (2.10%), Hitachi Energy India (2.10%) and Coforge (2.02%) were among the top winners.
GMR Airports' stock advanced, as the firm swung into the black, posting a profit of ₹400.49 crore in the three months ended March of this year. The airport's operator had incurred a loss of ₹252.66 crore in the year-ago period.
The NIFTY Smallcap 100 closed at 18,138.80, down by 155.50 points or 0.85%.
The top losers were Natco Pharma (-14.44%), Jyoti CNC Automation (-8.97%), BEML (-6.01%), the Great Eastern Shipping Company (-5.71%) and Aarti Industries (-5.17%).
BEML shares fell after it reported a 37.5% YoY decline in consolidated net profit to ₹180 crore for the quarter ended March 31, 2026. In the corresponding quarter last year, the company had posted a net profit of ₹288 crore.
On the contrary, Wockhardt Pharma shares closed 14.34% higher. It hit a 52-week high during the trading session, as it was granted import and marketing authorisation for a urinary tract infection (UTI) antibiotic from the Central Drugs Standard Control Organisation (CDSCO). The approval, Wockhardt stated, is for the treatment of adult patients (18 years and above) with complicated urinary tract infections (cUTI), including pyelonephritis, as well as cases with concurrent Gram-negative bacteremia.
It was followed by Netweb Technologies India (13.68%), Afcons Infrastructure (6.90%), Signatureglobal (6.90%) and Ola Electric Mobility (5.12%), which were among the other top gainers.
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