Indian Shares Modestly Higher; IT Stocks Lead Gains

Indian equity benchmarks closed modestly higher on May 29, 2026, as information technology stocks rallied on sustained demand optimism tied to artificial intelligence. The NSE Nifty 50 index added 0.3% to 22,450, while the S&P BSE Sensex edged up 0.2% to 74,120. The Nifty IT index jumped 1.8%, with heavyweights Infosys and Tata Consultancy Services among the top performers. Market participants pointed to fresh foreign portfolio inflows into the sector and a weaker rupee, which benefits export-driven IT firms. Broader markets also gained, with the Nifty Midcap 100 index rising 0.5%. Energy and financial stocks limited the advance, as investors remained cautious ahead of U.S. inflation data later in the week that could influence global interest rate expectations.