FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment 29th May 2026

As of 10:09 (IST)

NSE ADVANCE/DECLINE:

As of 10:22 (IST)

POST MARKET BRIEF:

NIFTY INDEX DAILY REPORT

Nifty 50 started the trading month with high volatility, opening with a strong gap-up at 23,654.50 and hitting an intraday high of 23,733.70 before sharply retracing to close in the red zone down by 0.70% to settle at 23,382.60 . While the index initially rallied on amid ceasefire rumors in the Middle East.But sentiments changed as the crude oil prices  quickly soured to surged back past $93 per barrel and the Indian Rupee hovered near 94.95 against the US Dollar, stoking fresh inflationary fears. Defensive buying in major IT stocks like HCL Tech and Wipro couldn’t counteract the heavy selling pressure in auto, power, and metal giants, as persistent foreign institutional selling ultimately dragged the benchmark down to its near-low for the day.

Bank Nifty index has a  downward-sloping session, closing the day lower at 53,643.10, marking a decline of 1.10% from its previous daily close of 54,239.20. Mirroring the Nifty’s sentiment, the banking index initially had  a positive opening at 54,403.85 and rose to an intraday high of 54,582.75, amid favorable global cues. However, the early momentum dissolved due to aggressive intraday selling pressure driven by macroeconomic events, including surging Brent crude oil prices past $93 per barrel and a weakening rupee. Major banking heavyweights led the slide into the red, with HDFC Bank (-0.25%), Axis Bank (-0.83%), and ICICI Bank (-1.33%) seeing notable cuts, while public sector banks like State Bank of India also faced selling pressure, dragging the index down to an intraday low of 53,470.00.

Nifty IT stood out in the broader market, bucking the negative trend seen in major benchmarks like the Nifty 50 and Bank Nifty to close in positive territory. The index closed the session at 29,854.25, gaining 2.66% from its previous daily close of 28,080.15. Nifty IT opened the day with a strong gap-up at 29,347.50 and rose to an intraday high of 30,238.15, riding a powerful wave of momentum from the previous week’s tech rally and a positive close on the Nasdaq. The sector’s resilience was heavily anchored by strategic triggers, notably Wipro, which enjoyed institutional tailwinds ahead of its upcoming ₹15,000 crore buyback record date and a high-profile “agentic AI” partnership with ServiceNow, alongside solid buying interest in other mid-to-large-cap tech players like Tech Mahindra, Coforge, and Persistent Systems.Further with USDINT still at around Rs94.99, continued to strengthen the IT index, which primarily gains on weakening rupee. 

NIFTY DAILY CHART

Nifty traded with subdued momentum,and couldn’t manage to reach above the key resistance of 23,800 level. But the index plunged by 0.70% to close to the level of 23,382.60. Thus if the index fails to sustain the current level, we may see the index reaching the next downside destination of 23,270-23,100. However, if the index manages to sustain above the mark of 23,300, then we may see the index further marching towards the upside destination of 23,800.

Equity Market Technical Analysis Snapshot: Jun 01^st, 2026

NIFTY50:

Nifty declined –0.70%, opening at 23,654.50 and extending its selling streak for the fourth consecutive session, slipping to an intraday low of 23,357.95 before closing near the day’s low at 23,382.60, indicating persistent weakness and lack of buying interest at higher levels; the trend remains sideways to bearish as the index continues to trade below its 200-DMA, 30-DMA, and 11-DMA, reflecting a weak technical structure across all major time frames, while the RSI at 40.27 suggests fading momentum and increasing downside risk; immediate resistance is placed at 23,650–23,850 and support at 23,270–23,000, where a break below 23,270 could accelerate selling pressure, while a move above 23,650 may trigger short-covering relief. 

BANKNIFTY:

Bank Nifty fell –1.10%, opening at 54,403.85 and witnessing continuous selling pressure throughout the session, extending its decline for the fourth straight day. The index hit an intraday low of 53,470 before closing at 53,643.10, reflecting weakness in the banking space; the trend remains sideways to bearish as Bank Nifty trades below its 200-DMA, 30-DMA, and 11-DMA, while the RSI at 43.02 indicates deteriorating momentum; immediate resistance is placed at 54,650–55,100 and support at 53,200–52,800, where a break below 53,200 could lead to further downside, while a recovery above 54,650 may improve sentiment. 

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) corrected –1.45%, opening at 14,532 and witnessing broad-based selling pressure throughout the session. The index slipped below the 11-DMA, hit a low of 14,239.75, and closed weak at 14,264.80, indicating short-term profit booking after the recent rally; however, the broader trend remains sideways to bullish as the index continues to trade above its 200-DMA and 30-DMA, though the break below the 11-DMA suggests caution in the near term. The RSI remains elevated at 67.75, indicating that the broader momentum is still positive despite the correction; immediate resistance is placed at 14,400–14,550 and support at 14,150–14,050, where holding above 14,150 remains crucial to preserve the bullish structure. 

NIFTY IT:

Nifty IT surged +2.66%, opening at 29,349.20 and witnessing strong buying momentum throughout the session. The index broke out of its one-month consolidation range, rallied to an intraday high of 30,238, and closed strong at 29,854.25, signaling improving sentiment in the IT sector; the trend has improved to sideways to bullish, though a decisive move and sustained close above 30,250 would be required to confirm a stronger bullish breakout. The index currently trades above its 11-DMA and 30-DMA but remains below the 200-DMA, while the RSI at 56.81 reflects strengthening momentum. Immediate support is placed at 29,300–28,850 and resistance at 30,250–30,800, where a breakout above 30,250 could pave the way for further upside. 

Pivot Table:

Disclaimer:

Investment in securities markets is subject to market risks. Please read all related documents carefully before investing. (Our SEBI Reg. No. INH000010335)

For Full Disclaimer: Click Here

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment 01st Jun 2026