The Indian stock market benchmarks traded in consolidation mode on Thursday, 29 May 2026, reflecting cautious sentiment due to lingering uncertainty surrounding a potential US-Iran peace deal. According to latest reports, the Nifty 50 declined about 0.40% to an intraday low of 23,815 during the session. The market weakness was driven by strong selling pressure in oil and gas, auto, and metal segments. Despite the broader market decline, JP Power, Vodafone Idea, PC Jeweller, Ola Electric Mobility, GTL Infrastructure, YES Bank, HFCL, Suzlon Energy, GMR Airports, and Coal India were among the most traded stocks on the NSE, demonstrating strong investor interest in selective opportunities.
Jaiprakash Power Ventures (JP Power) emerged as the top performer with over 48 crore shares changing hands as the stock declined more than 3% during the session. In a significant development, JP Power informed about the acquisition of 24% shares of JP Power held by Jaiprakash Associates and the release of 1,30,26,97,997 pledged shares of the company by lDBl Trusteeship Services Limited, acting in its capacity as the security trustee for lenders to Jaiprakash Associates. This transaction represents a major breakthrough in Jaiprakash Associates' ongoing debt resolution efforts and strengthens Adani Power's generation portfolio, further boosting investor sentiment around the stock despite the recent price decline.
Vodafone Idea recorded over 48 crore shares traded as the stock declined more than 1% after hitting a 52-week high of ₹14.44 during the session. The telecom operator has been witnessing strong buying interest of late due to AGR relief, healthy Q4 numbers, and an increase in subscriber base for the third consecutive month in April. The stock has demonstrated remarkable momentum, up 37% in May after a 20% jump in April, reflecting sustained optimism around subscriber additions and fundraising plans. Despite slipping to the second spot from its long-held dominance at the top of the most traded list, Vodafone Idea continues to remain heavily traded as investors remain optimistic about the company's turnaround prospects.
PC Jeweller emerged as a standout performer with over 28 crore shares changing hands as the stock jumped 14% during the session, buoyed by the company's healthy Q4 results. PC Jeweller reported a 61% year-on-year rise in consolidated net profit to ₹152.89 crore for Q4FY26, demonstrating strong operational performance. The jewellery retailer's robust quarterly results have attracted significant investor attention and contributed to its position among the most traded stocks on the NSE.
Ola Electric recorded over 24 crore shares traded as the stock jumped more than 9% during the session. According to media reports, the company has secured regulatory approval for a new electric scooter, which has boosted investor confidence and contributed to the stock's strong trading activity. The regulatory milestone represents a significant development for the electric vehicle manufacturer and has helped drive substantial investor interest in the stock.
