Indian Stock Market Trends: PSU Banks Outshine Amid $18B FII Exit Chaos December 18, 2025
The Indian stock market outlook for May 29, 2025, with Nifty50, Bank Nifty, and Sensex predictions. Explore support, resistance levels, top 10 gainers and losers, and trading strategies. Stay informed with the latest data and expert insights for smarter trading decisions in a volatile market.
The BSE Sensex and NSE Nifty50 navigated global cues, domestic economic indicators and sector-specific trends. As we look ahead to Thursday, May 29, 2025, traders and investors are keenly observing key support and resistance levels for the Sensex, Nifty50, and Bank Nifty to strategize their moves. This blog post provides a comprehensive analysis of the Indian stock market, incorporating the latest data, expert predictions, and actionable insights for trading on May 29, 2025. We’ll also highlight the top 10 gainers and losers from the previous session to give you a clear picture of market movers.
Indian Stock Market Overview: Recent Performance
The Indian stock market experienced a cautious trading session on Tuesday, May 27, 2025, with the BSE Sensex declining 624.82 points (-0.76%) to close at 81,551.63, and the Nifty50 settling 0.7% lower at 24,826 due to broad-based selling across sectors like IT, banking, and FMCG. Despite pockets of resilience, profit-booking in large-cap stocks weighed heavily on the indices. The Bank Nifty index also faced volatility, closing near its intraday mean, reflecting a consolidation phase since early April.
Global cues remain mixed, with caution prevailing due to delayed U.S. tariffs on EU goods and domestic factors like the early monsoon onset providing limited support. Investor sentiment, however, showed strength, with both Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs) recording net inflows. As we approach May 29, 2025, traders are looking for clarity on whether the market will continue its range-bound movement or break out decisively.
Key Indices: Current Levels and Trends
- BSE Sensex: Closed at 81,312.32 on May 28, 2025, down 239.31 points (-0.29%).
- Nifty50: Closed at 24,752.45, down 73.75 points (-0.30%).
- Bank Nifty: Closed at 55,353, maintaining a positive trend with a daily closing stop-loss at 54,889.
- Nifty Next 50: Closed at 66,996.20, down 0.29%.
The GIFT Nifty, a key indicator for the Indian market’s opening, was trading at 24,844 on May 28, 2025, suggesting a flat to slightly negative start for May 29. This sets the stage for cautious trading, with investors closely monitoring support and resistance levels.
Nifty50 Prediction for May 29, 2025
The Nifty50 has been consolidating around the 24,800–25,000 range, with persistent profit-booking capping upside momentum. Technical analysts suggest that the index remains in a positive trend but faces resistance at higher levels. Here’s what to expect:
Support and Resistance Levels
- Support: 24,677 (daily closing stop-loss) and 24,500 (key psychological level). A breach below 24,677 could trigger fresh short positions, potentially pushing the index toward 24,300.
- Resistance: 24,900 and 25,000. A decisive move above 25,000 could open the door for a rally toward 25,200–25,400, though overbought conditions may lead to range-bound action.
Technical Insights
- The Nifty50 formed a small-bodied candle on May 27, indicating indecision in the market. The index is trading near its 200-day EMA, with a high-wave Doji pattern on daily charts, suggesting mixed sentiment.
- The Relative Strength Index (RSI) is hovering around neutral levels, indicating neither overbought nor oversold conditions, which supports a range-bound outlook for May 29.
- Open Interest (OI) data shows significant call writing at 25,000 and 25,100 strikes, reinforcing resistance, while put writing at 24,700 suggests strong support.
- Bullish Case: If the Nifty50 holds above 24,800 and breaks past 24,900, traders can consider long positions targeting 25,000–25,200. Defensive sectors like Pharma and FMCG may offer stability.
- Bearish Case: A close below 24,677 could signal weakness, with potential downside targets at 24,500 or lower. Avoid aggressive longs in such a scenario.
- Intraday Trading: Focus on stocks showing resilience, such as Jio Financial and IndusInd Bank, while avoiding overleveraged positions in volatile sectors like IT and banking.
Bank Nifty Prediction for May 29, 2025
The Bank Nifty index has outperformed broader indices in recent sessions, closing at 55,353 on May 28, 2025, with a positive trend intact. However, profit-booking in large private banks has kept gains in check.
Support and Resistance Levels
- Support: 54,889 (daily closing stop-loss) and 54,439 (near-term support). A break below 54,889 could lead to a decline toward 54,000.
- Resistance: 55,917 and 56,267. A sustained move above 55,917 could push the index toward its 52-week high of 56,098.70.
Technical Insights
- The Bank Nifty is trading above its 20-day SMA, signaling bullish momentum, but frequent Doji patterns indicate indecision.
- Sectoral strength in smaller lenders like IndusInd Bank (+2.57%) and Punjab National Bank (+1.05%) has supported the index, while large private banks like ICICI Bank (-1.06%) and Axis Bank (-1.72%) dragged performance.
- The index’s YTD return stands at 8.54%, with a 6.76% gain over the past month, reflecting steady bullish sentiment.
Trading Strategy
- Bullish Case: If Bank Nifty sustains above 55,500, traders can target 56,000–56,267. Stocks like IndusInd Bank and Canara Bank are likely to lead gains.
- Bearish Case: A close below 54,889 could trigger short positions, with downside targets at 54,439 or 54,000.
- Intraday Trading: Focus on high-volume stocks like Canara Bank (+2%) and avoid large private banks showing weakness.
Sensex Outlook for May 29, 2025
The BSE Sensex has been under pressure, closing at 81,312.32 on May 28, 2025, with a 0.29% decline. Profit-booking in heavyweights like Reliance (-0.89%), HDFC Bank (-0.72%), and TCS (-1.11%) has capped upside potential.
Support and Resistance Levels
- Support: 81,151 (daily closing stop-loss) and 80,500 (key support zone). A breach below 81,151 could lead to further declines toward 80,000.
- Resistance: 81,800 and 82,500. A breakout above 81,800 could signal a rally toward 82,500–83,000.
Technical Insights
- The Sensex is trading above its 20-day SMA, indicating a positive short-term trend, but a small bearish candle on May 28 suggests consolidation.
- Sectoral weakness in IT, banking, and FMCG, coupled with global uncertainties, may keep the index range-bound.
- The index’s intraday volatility on May 27, with a 700-point swing, highlights the need for cautious trading.
Trading Strategy
- Bullish Case: A move above 81,800 could trigger long positions targeting 82,500. Stocks like Sun Pharma and Nestlé India may offer defensive opportunities.
- Bearish Case: A close below 81,151 could lead to short positions, with downside targets at 80,500 or lower.
- Intraday Trading: Focus on stocks with strong fundamentals and avoid sectors facing profit-booking pressure.
Top 10 Gainers and Losers: May 27, 2025
The following table lists the top 10 gainers and losers from the Nifty50 index on May 27, 2025, based on the latest available data:
| Top 10 Gainers | % Change | Top 10 Losers | % Change |
| Jio Financial | +3.43% | ITC | -2.29% |
| IndusInd Bank | +2.57% | JSW Steel | -2.03% |
| Punjab National Bank | +1.05% | Tata Motors | -1.80% |
| Trent | +0.85% | Axis Bank | -1.72% |
| Sun Pharma | +0.52% | TCS | -1.11% |
| Nestlé India | +0.50% | ICICI Bank | -1.06% |
| Britannia | +0.45% | Reliance | -0.89% |
| Cipla | +0.40% | HDFC Bank | -0.72% |
| Dabur | +0.35% | M&M | -0.65% |
| Hindustan Unilever | +0.30% | UltraTech Cement | -0.60% |
Analysis of Gainers and Losers
- Gainers: Jio Financial (+3.43%) and IndusInd Bank (+2.57%) led the pack, driven by strong buying interest in financial services and smaller banks. Defensive stocks like Sun Pharma, Nestlé India, and Hindustan Unilever also held up well, reflecting risk-averse sentiment.
- Losers: ITC (-2.29%) and JSW Steel (-2.03%) were among the biggest drags, with ITC facing pressure due to a planned stake sale by BAT. Large-cap banks like Axis Bank and ICICI Bank also contributed to the decline, highlighting weakness in the banking sector.
Sectoral Outlook for May 29, 2025
- Banking: The Bank Nifty’s resilience is driven by smaller banks, but large private banks remain under pressure. Watch Canara Bank and Punjab National Bank for potential upside.
- Pharma and FMCG: Defensive sectors like Pharma (Sun Pharma, Cipla) and FMCG (Nestlé India, Hindustan Unilever) are likely to remain stable amid market volatility.
- IT: Stocks like TCS and Infosys face profit-booking risks, with the Nifty IT index leading declines on May 27.
- Realty and Metals: Realty indices showed modest gains, while metals (JSW Steel) faced selling pressure.
Key Factors Influencing the Market on May 29, 2025
- Global Cues: Mixed global market signals, including U.S. tariff delays and European market caution, may keep Indian indices range-bound.
- Monsoon Impact: The early monsoon onset could support rural demand, benefiting FMCG and auto stocks in the medium term.
- FII and DII Activity: Continued net inflows from FPIs and DIIs indicate strong domestic support, which could cushion downside risks.
- Corporate Earnings: Companies like Cummins India, Bata India, and IRCTC are set to report Q4 earnings, potentially influencing stock-specific movements.
- Rupee Movement: The Indian rupee’s stability (around 85.47) will be crucial for FPI sentiment.
Trading Tips for May 29, 2025
- Focus on Technical Levels: Use support and resistance levels for entry and exit points. For Nifty50, 24,677 is a critical stop-loss for longs, while 24,900 is a key breakout level.
- Sector Rotation: Shift toward defensive sectors like Pharma and FMCG during volatile sessions. Avoid overexposure to IT and large-cap banks.
- Risk Management: Set strict stop-losses to mitigate losses in case of a sharp downturn. Avoid overleveraging in futures and options.
- Stock Selection: Prioritize stocks with strong volume and momentum, such as Jio Financial and IndusInd Bank, for intraday trades.
- Monitor Global Markets: Keep an eye on U.S. and Asian market openings for directional cues.
Final Thought
The Indian stock market on May 29, 2025, is likely to open on a cautious note, with the Nifty50 and Sensex facing resistance at 24,900–25,000 and 81,800, respectively. Bank Nifty remains a bright spot, with potential to test 56,000 if it sustains above 55,500. Traders should adopt a disciplined approach, focusing on technical levels and sector-specific opportunities while managing risks. Defensive stocks and smaller banks offer stability, while IT and large-cap banks may face continued pressure.
Disclaimer: Investments in the securities market are subject to market risks. Consult certified financial advisors before making investment decisions.
