INDIA MARKET REPORT — TUESDAY, MAY 26, 2026
Stock Markets, Gold, Silver, Currencies & Global Indices — Complete Daily Wrap
INDIAN EQUITY MARKETS
Indian benchmark equity indices on Tuesday, May 26, 2026, ended in the red after a highly volatile session on Dalal Street. Markets opened sharply lower, staged a brief mid-morning recovery, and then surrendered gains in the final hour as fresh geopolitical concerns around the US-Iran conflict weighed heavily on investor sentiment.
Closing Figures:
- BSE Sensex closed at 76,009.70, down 479.26 points or 0.63% from the previous close of 76,488.96
- NSE Nifty 50 settled at 23,913.70, declining 118 points or 0.49% from Monday's close of 24,031.70
- Nifty Midcap 100 showed relative resilience compared to the benchmarks
- Nifty Smallcap 100 also held ground better than the headline indices
- India VIX (Fear Index) remained elevated amid geopolitical uncertainty
Previous Session (Monday, May 25) Reference:
- Sensex had surged 1,073.61 points or 1.42% to close at 76,488.96
- Nifty had gained 312.40 points or 1.32% to end at 24,031.70
- Nifty Midcap index had gained 0.94% and Smallcap index had advanced 1.37%
- Tuesday's decline is therefore largely a consolidation after Monday's sharp rally
Sectoral Performance:
- Nifty Bank and Auto were among the session's underperformers
- Nifty IT and Metal managed to hold ground and offered some support
- Nifty FMCG remained a laggard for the second consecutive session
- Nifty PSU Banks and Realty had been the stars in Monday's rally but cooled on Tuesday
Institutional Activity (May 25 data):
- FII (Foreign Institutional Investors) recorded net buying of ₹821.75 crore
- DII (Domestic Institutional Investors) pumped in a robust ₹3,856.88 crore
- Strong DII buying continues to act as a buffer against volatility
Top Losers:
- SBI Life Insurance fell 0.6%
- Bharti Airtel declined 0.5%
- Titan dropped 0.5%
- IndiGo slipped 0.5%
- Sun Pharma lost 0.5%
- Tata Consumer Products fell 0.7%
- Max Healthcare declined 0.7%
Top Gainers:
- Eternal surged 1.8%
- Hindalco gained 1.3%
- Coal India rose 1.3%
- ONGC climbed 1.3%
- Infosys also featured among the day's gainers
Notable Corporate Actions:
- Bharat Electronics secured multiple defence orders worth ₹608 crore for defence systems and equipment
- City Union Bank's board approved a 3-for-1 bonus issue with record date set as June 12
- Rail Vikas Nigam's Q4 net profit plunged 59.3% year-on-year due to higher costs and lower-margin projects
- Global Health's co-founder Sunil Sachdeva sold 10 lakh shares worth ₹123 crore via a block deal
- NLC India signed an MoU with NPCIL to form a Joint Venture to develop 700 MW of nuclear power plants
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GOLD PRICES — MAY 26, 2026
Retail Gold Prices (India):
- 24-carat gold (99.9% purity) is priced at ₹15,889 per gram
- 22-carat gold (91.6% purity) is priced at ₹14,565 per gram
- 18-carat gold (75% purity) is priced at ₹11,917 per gram
- Retail prices are indicative and exclude GST, TCS, and jewellers' making charges
- Prices vary slightly across cities due to local taxes and transportation costs
MCX Gold Futures:
- MCX Gold July Futures settled at ₹1,58,588 per 10 grams
- Futures fell approximately ₹1,000 or 0.46% during the session
- Intraday low touched ₹1,58,000 per 10 grams during the session
- Selling pressure driven by weak international cues and a steady US dollar
International Gold:
- Spot gold fell nearly 1% to trade around $4,530 per ounce
- Gold has been under pressure due to Middle East uncertainty and inflationary risks
- The dollar index steadying above 99 limited gold's upside
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SILVER PRICES — MAY 26, 2026
Retail Silver Prices (India):
- Silver is trading at ₹285 per gram in the domestic retail market
- Silver retail price stands at ₹2,85,000 per kilogram
- Retail prices exclude GST and local levies
MCX Silver Futures:
- MCX Silver July Futures settled at ₹2,71,600 per kilogram
- Silver fell sharply by ₹5,066 or 1.83% — the steeper fall compared to gold
- Intraday low was touched at ₹2,71,580 per kilogram
- Silver is underperforming gold in the current bearish bullion trend
International Silver:
- Spot silver plunged over 2% to trade below $77 per ounce
- Silver's sharper fall reflects reduced industrial demand sentiment amid global uncertainty
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CURRENCY UPDATE — MAY 26, 2026
Indian Rupee:
- USD/INR rate stands at approximately ₹95.25 per US Dollar
- The Rupee has recovered from the month's record high of ₹96.84 touched on May 20
- Rupee is finding support from easing crude oil prices and Iran peace optimism
- However, fresh Iran escalation reports are capping significant Rupee gains
- The Dollar Index remains above 99, reflecting global uncertainty
US Dollar (USD):
- 1 US Dollar = ₹95.25 (Indian Rupee)
- Dollar remains firm amid Fed's rate-hold stance under new Chairman Kevin Warsh
Euro (EUR):
- EUR/USD rate = 1.1635 (Euro vs Dollar)
- 1 Euro = approximately ₹110.85 (Indian Rupee)
- Euro trading slightly softer amid global risk-off mood
British Pound (GBP):
- GBP/USD rate = 1.3472 (Pound vs Dollar)
- 1 British Pound = approximately ₹128.30 (Indian Rupee)
- Pound slightly weaker on the day
Chinese Yuan (CNY):
- USD/CNY rate = 6.7854 (Dollar vs Yuan)
- 1 Chinese Yuan = approximately ₹14.03 (Indian Rupee)
- Yuan broadly stable amid ongoing US-China trade normalisation
Japanese Yen (JPY):
- USD/JPY rate = 159.17 (Dollar vs Yen)
- Yen remains weak as Bank of Japan continues to deliberate on rate hike timing
- BoJ Deputy Governor Ryozo Himino confirmed rate hike timing is still being considered
Crude Oil (Key INR Driver):
- Brent Crude (July contract) rose 2.78% to $98.81 per barrel
- WTI Crude (July contract) fell 4.42% to $92.33 per barrel
- Brent nearing $99 remains the single biggest inflation and Rupee risk for India
- No WTI price settlement on Monday due to the US Memorial Day holiday
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ASIAN MARKETS — MAY 26, 2026
Japan:
- Nikkei 225 ended 0.25% lower at 64,996.09 amid profit-taking
- Topix settled marginally lower at 3,938.46
- Nikkei had breached the historic 65,000 mark for the first time ever on Monday
- SoftBank Group surged further, now up nearly 50% in just four sessions on OpenAI and SB Energy IPO reports
- Kioxia Holdings fell 3.5%, Fujikura declined 4%, and Advantest dropped 4.9% on profit-taking
- Bank of Japan's Deputy Governor said rate hike timing is still under consideration
Hong Kong:
- Hang Seng Index was broadly flat at approximately 25,606
- Choppy trade as the market returned from a public holiday on Monday
- Sentiment mixed due to US-Iran geopolitical developments
China:
- Shanghai SSE Composite gained 0.96% to 4,152.57
- CSI 300 rose 0.53% to 4,947.85
- China markets showing cautious positive bias amid stabilising US-China relations
South Korea:
- Kospi hit a **fresh record high as trading resumed after a public holiday
- Sentiment boosted by hopes of a breakthrough in US-Iran peace talks
- President Trump had stated negotiations were "proceeding nicely"
Australia:
- S&P/ASX 200 fell 0.39% to close at 8,657.80
- Crude oil volatility and geopolitical uncertainty weighed on the index
Singapore:
- Straits Times Index (STI) was broadly flat at 5,070.55, up just 0.05%
AMERICAN MARKETS — LAST CLOSE: FRIDAY, MAY 22, 2026
Important Note: US markets were fully closed on Monday, May 25, 2026, in observance of Memorial Day the federal holiday honoring fallen military personnel. Wall Street officially resumed normal trading on Tuesday, May 26, at 9:30 AM Eastern Time.
Last Official Closing Figures Friday, May 22, 2026:
- Dow Jones Industrial Average closed at 50,579.70, up 294 points or +0.58% a new record close
- S&P 500 closed at 7,473.47, up 27.75 points or +0.37% extending its winning streak to eight consecutive weeks, the longest since December 2023
- Nasdaq Composite closed at 26,343.97, up 50.87 points or +0.19% its seventh gain in eight weeks
- Russell 2000 (Small-cap index) closed at 2,869.23, up 25.78 points or +0.91% small-caps outperformed
- CBOE VIX (Fear Index) settled at 16.59, down 0.66% indicating calm and low volatility on Wall Street
Dow Jones Top Gainers (May 22):
- Merck surged +5.64%
- Salesforce gained +2.23%
- Cisco Systems rose +2.01%
Dow Jones Top Losers (May 22):
- Nvidia fell −1.86%
- Walmart declined −0.82%
- Amazon slipped −0.71%
Post-Memorial Day Pre-Market Futures (May 26):
- Dow Jones futures surged 371 points or +0.73%
- S&P 500 futures gained +0.78%
- Nasdaq-100 futures advanced +1.14%
- Strong futures pointing to a powerful gap-up opening for Wall Street on Tuesday
Key US Market Developments:
- New Fed Chairman Kevin Warsh has signalled a rate-hold stance, citing slowing job creation
- The 30-year US bond yield recently hit a near 19-year high, driven by Middle East conflict-induced inflation
- SpaceX confirmed in a regulatory filing its plan to list on Nasdaq, targeting a valuation of $1.75 trillion expected on June 12 and set to be the largest IPO in history
- OpenAI and Anthropic have also announced IPO intentions for later in 2026
- Dell Technologies hit a record high and HP Inc. climbed over 15% after strong earnings from China's Lenovo
QUICK REFERENCE SUMMARY
**Indian Indices:**
- BSE Sensex: 76,009.70 (−0.63%)
- NSE Nifty 50: 23,913.70 (−0.49%)
Gold & Silver:
- Gold 24K Retail: ₹15,889/gram
- Gold 22K Retail: ₹14,565/gram
- Silver Retail: ₹2,85,000/kg
Currencies:
- USD/INR: ₹95.25
- EUR/USD: 1.1635 (₹110.85)
- GBP/USD: 1.3472 (₹128.30)
- USD/CNY: 6.7854 (₹14.03)
- USD/JPY: 159.17
Crude Oil:
- Brent Crude: $98.81/barrel (+2.78%)
- WTI Crude: $92.33/barrel (−4.42%)
Asian Markets:
- Nikkei 225 (Japan): 64,996.09 (−0.25%)
- Hang Seng (Hong Kong): 25,606 (Flat)
- SSE Composite (China): 4,152.57 (+0.96%)
- CSI 300 (China): 4,947.85 (+0.53%)
US Markets (Last close — May 22):
- Dow Jones: 50,579.70(+0.58%)
- S&P 500: 7,473.47 (+0.37%)
- Nasdaq: 26,343.97 (+0.19%)
- Russell 2000: 2,869.23 (+0.91%)
OUTLOOK FOR WEDNESDAY, MAY 27, 2026
- Sensex at 76,009.70 and Nifty at 23,913.70 remain above key support zones despite Tuesday's pullback
- Nifty's critical support stands at 23,800 holding above this level keeps the bullish trend alive
- Wall Street's strong pre-market futures point to a positive overnight cue for Indian markets on Wednesday
- Brent crude near $99 remains the primary risk any further spike could pressure the Rupee and raise inflation concerns
- US-Iran peace talks remain the most critical global variable a deal could sharply cool crude and boost emerging markets including India
- Upcoming US PCE inflation data, GDP revision, and earnings from Salesforce, Zscaler and Dell will set the tone for global risk appetite
- Robust DII buying, improving corporate earnings, and India's strong macroeconomic fundamentals remain pillars of support for the medium-term outlook
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*Disclaimer: This report is compiled from publicly available sources and verified data for informational and educational purposes only. BSE Sensex closing figure of 76,009.70 and NSE Nifty 50 closing figure of 23,913.70 have been provided and verified by the publisher. All other figures reflect data available at the time of research on May 26, 2026. This is not investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions. Past market performance is not indicative of future results.*