Indian Shares Poised For Gains As Hormuz Truce Talks Progress

India's stock benchmarks are expected to advance on Friday, May 29, 2026, as progress toward a diplomatic resolution for secure shipping in the Strait of Hormuz lifts investor sentiment. Nifty 50 futures climbed 0.8% in early Asia trading, signaling a strong open for domestic equities. Global crude oil prices fell 2.3% overnight to $72 per barrel after negotiators reported breakthroughs in talks aimed at protecting commercial vessels. The decline eases cost pressures on India, a major energy importer where crude dominates import bills. The Indian rupee strengthened 0.4% to 86.20 against the U.S. dollar. Fuel-sensitive sectors such as aviation and logistics are expected to lead the rally, alongside banking stocks benefiting from improved macroeconomic stability.