Domestic stock markets were closed on Thursday in observance of Bakri Id, resulting in a suspension of trading across both equity and derivative segments. Investor sentiment remained cautious globally, influenced by weak signals from Asian markets and rising crude oil prices.
Trading in equity and derivatives will resume on Friday following the holiday. Most major Asian markets experienced selling pressure during early trading, driven by concerns over geopolitical developments and elevated energy costs.
Global market sentiment remained tentative as investors monitored fluctuations in crude oil prices and ongoing geopolitical tensions, both of which continue to impact inflation expectations and broader economic activity. Wall Street indices reported marginal gains in their most recent sessions.
Brent crude oil prices increased by 1.76 percent, trading close to $96 per barrel. On Wednesday, the BSE Sensex fell by 141.90 points, or 0.19 percent, closing at 75,867.80, while the NSE Nifty 50 declined by 6.55 points, or 0.03 percent, to finish at 23,907.15. Among the Nifty 50 companies, TMPV, Hindalco, Power Grid, Eternal, and NTPC were notable gainers, while ONGC and HDFC Bank were significant laggards.
Several key companies, including Ashok Leyland, Alkem Laboratories, Apar Industries, BDL, Finolex Cables, Graphite India, JSW Holdings, and Lemon Tree Hotels, are set to announce their fourth-quarter results today.
Brokerages indicated that investors are likely to closely monitor global commodity prices and geopolitical issues for further guidance in the equities and commodities markets. Analysts cautioned that high crude oil prices may continue to impact market sentiment in the near future, particularly for import-dependent countries like India.
Published on May 28, 2026.
