Weekly market update, May 29, 2026

Indian equity markets closed the week marginally lower, as investors responded to mixed signals surrounding a potential U.S.–Iran peace deal. While U.S.–Iran diplomatic talks continued alongside renewed U.S. strikes on missile sites and mine-laying vessels in the Strait of Hormuz, market participants remained cautiously optimistic that the U.S. and Iran could reach a framework soon. Key benchmark indices BSE Sensex and Nifty 50 lost 0.85% and 0.73% respectively. Broader markets outperformed the benchmark. The BSE 150 Midcap gained 0.69% and BSE 250 Smallcap rose 1.32% respectively. On the BSE sectoral front, it was mixed. BSE Auto was the major gainer, up 1.21% followed by Metal, up 0.96% and Bankex, up 0.37%. Fast Moving Consumer Goods was the major loser, down 1.54% followed by healthcare, down 0.98%.

Looking ahead, markets are expected to remain sensitive to geopolitical and macroeconomic developments in the coming week, with investor attention firmly focused on the evolving US–Iran negotiations, broader diplomatic developments in the Middle East and the trajectory of crude oil prices. On domestic front, RBI MPC meeting, Governor Malhotra will unveil the MPC’s final decision on Friday, June 5, 2026, around 10:00 AM IST. where he is expected to discuss the economic outlook, key macroeconomic trends, and liquidity measures.

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