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IT stocks rise nearly 3 percent and become the top market performers.
Sensex gains 219.95 points while Nifty50 trades above 23,950.
Investors track Q4 results and final-day IPO subscriptions closely.
The Indian stock market trades higher on May 29, 2026, after reports of a possible peace deal between the United States and Iran. The news brings relief to investors and improves market mood across the world.
At the time of writing, the Nifty50 rose 36.90 points or 0.15 percent to 23,957.75. The Sensex also moves up 219.95 points or 0.29 percent to 76,087.75.
The broader market also stays positive. The Nifty MidCap index trades 0.19 percent higher, while the Nifty SmallCap index gains 0.37 percent. This shows buying interest in both large and smaller companies.
The market gets support after reports say that the US and Iran agree to renew a 60-day truce. Both countries continue talks to end the war. Bloomberg reports that the agreement now waits for approval from US President Donald Trump.
This news helps global markets as investors expect lower tension in the Middle East. Peace talks usually improve investor confidence and reduce fear in financial markets.
Still, the situation remains tense. Iran’s armed forces fire missiles at unspecified targets late on Thursday. Earlier, the Pentagon said Iran launched ballistic missiles at Kuwait and sent attack drones near the Strait of Hormuz.
Even after these attacks, investors focus more on the chance of peace talks and temporary calm in the region.
The Nifty IT index becomes the top gainer today. The index jumps nearly 3 percent as investors buy technology shares heavily.
Many traders expect stable business growth for IT companies. Some investors also prefer technology stocks during uncertain global conditions as these companies usually remain financially strong.
The Nifty PSU Bank and Nifty Pharma indices also perform well during the session. Public sector bank shares attract buying given hopes of stable earnings and good loan growth. Pharma shares also stay strong since investors often move toward safer sectors during global tensions.
Not all sectors trade in the green today. The Nifty Metal index remains weak amid concerns around global demand and metal prices.
The Nifty FMCG index also underperforms. Investors stay careful in consumer goods stocks, given slower demand in some areas.
Chemical shares also trade lower, which keeps the Nifty Chemical index under pressure.
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Investors closely follow fourth-quarter earnings today as many companies prepare to announce results.
Companies set to release Q4FY26 results include Asian Paints, Antony Waste Handling Cell, Bajaj Hindusthan Sugar, BEML, Blue Chip India, Concord Biotech, Valor Estate, Glenmark Pharmaceuticals, InterGlobe Aviation, Inox Green Energy Services, Ingersoll-Rand (India), Inox Wind, Ipca Laboratories, Indian Renewable Energy Development Agency, Olectra Greentech, NMDC, NIBE, Praveg, and Tega Industries.
Quarterly earnings play a big role in market movement. Strong numbers usually lift stock prices, while weak results often create pressure.
Investors pay close attention to companies from sectors like pharma, aviation, renewable energy, and infrastructure.
The IPO market also stays active today.
SMR Jewels IPO enters its final day of subscription. The company plans to raise ₹67.23 crore through the issue. The price band stays between ₹128 and ₹135 per share. The lot size remains 1,000 shares.
Rajnandini Fashion India IPO also enters the final day of subscription. The company aims to raise ₹18.21 crore. The price band stays between ₹59 and ₹63 per share. The lot size stands at 2,000 shares.
Investors continue to show interest in new public offers despite global uncertainty.
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The Indian stock market stays positive as hopes of a US-Iran peace deal improve global sentiment. Strong buying in IT, PSU Bank, and Pharma shares supports the market.
At the same time, investors remain careful since the situation in the Middle East still remains sensitive. Company earnings and global news may decide market direction in the coming days.
For now, the Sensex and Nifty continue to trade with moderate gains as investors react positively to signs of possible peace between the US and Iran.
The Indian stock market is trading higher primarily amid improved global sentiment and investor relief following reports that the United States and Iran have agreed to a 60-day truce extension pending permanent peace negotiations.
The S&P BSE Sensex advanced by 219.95 points, or 0.29%, climbing to an intraday level of 76,087.75, while the Nifty50 simultaneously tracked gains to near the 23,958 mark.
The Nifty IT index is today's top market driver, surging nearly 3% as institutional buyers pivot heavily toward technology shares for stable corporate growth amid sensitive global conditions.
The Metal, FMCG, and Chemical sectors are underperforming the broader market today, weighed down by ongoing consumer demand slowdowns and shifting global commodity pricing lines.
Both the SMR Jewels IPO (targeting ₹67.23 crore) and the Rajnandini Fashion India IPO (targeting ₹18.21 crore) are active as they enter their final day of public subscription for investors.
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