Stock Market Today: Investors Watch Global Cues Before May 29 Trading Session

The global stock markets are bracing for a mixed trading session on May 29, 2026, as investors digest a tentative diplomatic breakthrough in the three-month US-Iran conflict that has rattled financial markets worldwide. The GIFT Nifty, an early indicator for India’s benchmark Nifty 50, is up 0.11% at 23,919 as of 6:40 a.m. IST, while US S&P 500 and Europe’s Euro Stoxx 50 futures dipped slightly by 0.05% and 0.18%, respectively, setting a cautious tone for the day’s trade.

India’s benchmark indices closed with minor losses after a volatile session. The NSE Nifty 50 fell 0.03% to 23,907.15, down 6.55 points, while the BSE Sensex declined 0.19% to 75,867.80, shedding 141.90 points. The market saw sharp intra-day swings as traders weighed global geopolitical developments against domestic earnings news and brokerage calls.

On Wall Street, stocks touched all-time highs amid optimism over a potential ceasefire extension between the US and Iran. Reports emerged that both nations have tentatively agreed to extend the ceasefire by 60 days, easing fears of a broader Middle East conflict. The S&P 500 advanced 0.58% to 7,563.63, and the Nasdaq Composite surged 0.91% to 26,917.47, logging intraday record highs as bond prices also rose on the diplomatic news.

Also Read: Wall Street Hits New Record Despite Iran Uncertainty; Dow Surges as Bond Markets Stabilize

Asia-Pacific markets rallied strongly on Friday, with investors betting on an end to the US-Iran hostilities. Japan’s Nikkei 225 gained 0.88%, South Korea’s Kospi jumped 2.68%, and Australia’s S&P/ASX 200 climbed 0.72%. The broader Topix index in Japan rose 0.53%, while South Korea’s small-cap Kosdaq added 0.25%. Hong Kong’s Hang Seng futures hovered slightly below the previous close at 24,995.

In commodities, oil prices dropped sharply after the ceasefire news, with Brent crude falling to around $93 a barrel — down 18% this month — as the deal could allow safer shipments through the strategically vital Strait of Hormuz. West Texas Intermediate traded near $88. Meanwhile, gold held its ground, gaining around 1% on Thursday and trading at approximately $4,495 an ounce, as investors kept a safe-haven asset in their portfolios amid lingering geopolitical uncertainty.

Trading today will revolve around stocks in the news, major brokerage calls, and the complete trade setup shaped by these global developments. Investors are advised to monitor live updates on the US-Iran diplomatic progress, crude oil movements, and any follow-up official statements that could move markets sharply in either direction.

Also Read: Sensex, Nifty Poised For Positive Opening Amid Global Market Optimism