Markets Steady, VIX Slips: Nifty Tests 24,750 as Global Rally Boosts Sentiment

Synopsis : Indian equities traded flat with a positive bias on Thursday, lifted by strong global cues after a U.S. court blocked Trump’s blanket tariffs. Volatility eased, small- and mid-cap indices gained, while IT stocks led the rally.

Sensex Flat, Nifty Eyes 24,750 as Volatility Cools and Global Optimism Grows

On Thursday, May 29, 2025, Indian equity markets remained largely flat in early trade, despite strong global sentiment. The Sensex held steady while the Nifty 50 hovered around 24,750, as investor sentiment improved following bullish cues from Asian markets and Wall Street futures.

The catalyst for the global surge came from a U.S. trade court ruling that blocked President Trump's blanket tariffs on imports from American trading partners. This decision eased fears of a global trade war, fueling optimism in both domestic and international equities.

Highlights of the Day’s Trade

India VIX, a key gauge of market volatility, eased 6%, indicating growing stability in investor sentiment.

The Nifty IT index rose over 1%, leading sectoral gains.

Banking and FMCG stocks, however, remained under pressure, trading slightly in the red.

Cummins India gained 3% after reporting strong Q4 earnings.

IRCTC jumped 3% on a 26% YoY rise in Q4 PAT.

The Rupee weakened by 15 paise, hitting 85.53 against the US dollar amid foreign fund outflows.

Oil prices climbed as supply disruption fears returned following the U.S. court’s anti-tariff ruling.

Global Market Pulse

S&P 500 futures up 1.6%

Japan’s Topix up 1.5%

Australia’s ASX 200 up 0.3%

Hong Kong’s Hang Seng up 0.8%

Shanghai Composite up 0.7%

Euro Stoxx 50 futures up 1.4%

This synchronized rise reflects improving global risk appetite and investor confidence in near-term market stability.

Disclaimer : This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to consult with a certified financial advisor before making any investment decisions.