Stock market afternoon trade: Nifty 50 at 23,770.45 down 0.57%, Sensex at 75,517.70 down 0.46%, IT index gains 1.89%
The Indian stock market witnessed a downturn in the afternoon session, with the Nifty 50 declining to 23,770.45, marking a 0.57% drop from its opening level. The Sensex also experienced a decrease, falling 0.46% to 75,517.70. Despite the overall negative sentiment, the Nifty IT index emerged as a bright spot, gaining 1.89% to reach 29,452.10.
Index movements
The Nifty 50 opened at 23,902.15 and fluctuated throughout the session, reaching a high of 24,002.80 and a low of 23,759.55. The index showed a declining trend from the morning, with significant drops observed after 12:15 PM. The Sensex mirrored this trend, opening at 75,988.51, peaking at 76,220.02, and hitting a low of 75,504.27. The Bank Nifty also saw a decline, trading at 54,518.40, down 0.61% from its opening of 54,748.30.
Sectoral performance
The IT sector stood out as the top performer, with the Nifty IT index climbing to 29,452.10, a 1.89% increase from its opening. In contrast, the Nifty Auto index fell by 0.99% to 26,598.10, and the Nifty Metal index decreased by 0.85% to 13,601.30. The Nifty Energy index also declined, down 0.86% to 41,178.20.
Market breadth
Broader market indices reflected the overall negative sentiment. The Nifty 100 dropped 0.55% to 24,833.00, while the Nifty 500 fell 0.54% to 22,844.20. The Nifty Midcap 50 and Nifty Midcap 100 indices also recorded declines, down 0.90% and 0.81% respectively.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| Nifty 50 | 23,902.15 | 24,002.80 | 23,759.55 | 23,770.45 | -0.57% |
| Sensex | 75,988.51 | 76,220.02 | 75,504.27 | 75,517.70 | -0.46% |
| India VIX | 14.98 | 15.68 | 14.59 | 15.56 | +3.87% |
| Nifty IT | 29,347.50 | 29,747.20 | 29,333.30 | 29,452.10 | +1.89% |
| Nifty Auto | 26,915.40 | 27,033.60 | 26,524.05 | 26,598.10 | -0.99% |
| Nifty Midcap 50 | 17,850.00 | 17,859.10 | 17,576.95 | 17,596.00 | -0.90% |
| Nifty PSU Bank | 8,244.20 | 8,300.65 | 8,151.35 | 8,152.60 | -0.89% |
| Nifty Energy | 41,784.30 | 41,828.55 | 41,162.40 | 41,178.20 | -0.86% |
| Nifty Metal | 13,828.80 | 13,828.80 | 13,572.05 | 13,601.30 | -0.85% |
| Nifty Midcap 100 | 62,861.20 | 62,907.50 | 61,998.15 | 62,051.20 | -0.81% |
| Nifty FMCG | 49,956.20 | 50,245.55 | 49,702.85 | 49,807.10 | -0.67% |
| Bank Nifty | 54,748.30 | 55,184.45 | 54,494.95 | 54,518.40 | -0.61% |
| Nifty 100 | 24,992.40 | 25,082.10 | 24,820.05 | 24,833.00 | -0.55% |
| Nifty 500 | 23,012.80 | 23,075.25 | 22,834.25 | 22,844.20 | -0.54% |
| Nifty Pharma | 24,796.30 | 24,945.35 | 24,682.00 | 24,689.95 | -0.11% |
| Nifty Media | 1,419.65 | 1,431.95 | 1,409.75 | 1,418.75 | +0.11% |
| Nifty Realty | 785.35 | 800.10 | 784.25 | 785.00 | +0.06% |
Market outlook
As the session progresses, investors will be closely monitoring the broader market trends and sectoral performances. The IT sector’s resilience provides some optimism, but the overall market sentiment remains cautious. Traders and investors should keep an eye on global cues and domestic developments for further direction.
Data as on May 29, 2026, 02:00 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.
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