Indian stock markets are anticipated to open relatively unchanged on Wednesday, with particular attention on U.S.-Iran peace negotiations. Shares of Coal India are expected to attract significant interest due to the Indian government’s announcement of plans to sell a stake in the state-run mining company.
On Tuesday, Iran accused the U.S. of breaching a ceasefire by conducting strikes near the contentious Strait of Hormuz, complicating efforts to resolve the three-month-long conflict. Additionally, Israeli airstrikes intensified, with over 120 attacks reported in Lebanon, marking one of the most severe bombing days in recent weeks, according to Lebanese security sources. Iran is advocating for a cessation of Israeli military operations in Lebanon as part of any potential agreement.
As of 7:59 AM, GIFT Nifty futures stood at 23,890.5, suggesting that the benchmark Nifty 50 index would open near Tuesday’s close of 23,913.7 points. The Indian rupee is forecasted to weaken against the U.S. dollar.
Brent crude prices remained steady around $99 per barrel. Asian markets experienced gains, notably with Japan’s Nikkei index reaching a record high driven by optimism surrounding artificial intelligence.
Foreign investors sold Indian equities worth ₹2,408 crore on Tuesday, as per provisional data. Year-to-date, overseas investors have offloaded $24.2 billion in Indian shares, surpassing the previous record annual selloff of $2025.
On Wednesday, Coal India will be in the spotlight as the government plans to divest up to a 2% stake in the company through an offer for sale at ₹412 per share, reflecting a discount of approximately 10% to its last closing price.
STOCKS TO WATCH:
- Oil and Natural Gas Corporation reported modest growth in fourth-quarter revenue and profit, though Jefferies noted that higher operational expenses and dry well write-offs contributed to a subdued quarter.
- Siemens announced a decrease in profit for the March quarter, with a more significant rise in expenses compared to its revenue.
- Indian Railway Catering and Tourism Corporation saw a decline in quarterly profit, attributed to escalating catering services costs.
Published on May 27, 2026
