The benchmark Indian equity indices, Sensex and Nifty 50, are expected to open on a muted note on Monday as investors closely monitor developments surrounding US-Iran tensions and assess mixed global market cues.
Market sentiment remains cautious despite strength in several global markets, with geopolitical uncertainty and rising crude oil prices continuing to influence investor behaviour.
On Friday, May 29, 2026, domestic equities ended sharply lower amid broad-based selling pressure. The NSE Nifty 50 declined 359 points, or 1.50%, to close at 23,548, while the BSE Sensex fell 1,092 points, or 1.44%, to settle at 74,775.
Gift Nifty was trading around the 23,696 level, up 10 points or 0.04%, indicating a subdued and largely flat opening for the Indian equity markets.
Asia-Pacific markets opened on a mixed note as investors monitored uncertainty surrounding negotiations between the United States and Iran. Concerns persisted after US President Donald Trump stated that he was in “no hurry” to reach an agreement aimed at ending the ongoing conflict.
South Korea’s Kospi advanced 1.31% to a fresh record high, supported by gains in technology stocks, while the Kosdaq declined 1.58%. Japan’s Nikkei 225 rose 0.17%, whereas the broader Topix index slipped 0.3%. Meanwhile, Hang Seng futures pointed towards a softer opening in Hong Kong.
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US equity index futures traded largely unchanged ahead of the opening session. Dow Jones Industrial Average futures edged lower by 30 points, while S&P 500 futures and Nasdaq-100 futures remained broadly flat.
Investors continue to assess geopolitical developments and their potential impact on global economic growth and market stability.
Crude oil prices remained elevated amid geopolitical concerns. Brent crude futures gained 1.12% to trade at $93.08 per barrel, while West Texas Intermediate (WTI) crude futures surged approximately 2.9% to $89.90 per barrel.
Higher oil prices are likely to remain a key factor for market participants, particularly for sectors sensitive to energy costs and inflationary pressures.
Foreign Institutional Investors (FIIs) remained net sellers on May 29, offloading equities worth ₹21,105.86 crore.
Domestic Institutional Investors (DIIs), however, provided support to the market by purchasing shares worth ₹16,764.14 crore during the session.
The US Dollar Index (DXY), which tracks the greenback against a basket of major global currencies, rose 0.13% to 99.04.
Meanwhile, the Indian rupee appreciated 0.70% against the US dollar, closing at 95.03 on May 29, reflecting strength in the domestic currency despite broader market volatility.
Indian markets are likely to witness a cautious start to the week as investors balance mixed global market signals, geopolitical developments involving the US and Iran, rising crude oil prices and institutional fund flows. Market participants will continue to monitor international developments and commodity price movements for further direction.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jun 1, 2026, 8:46 AM IST
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