The Nifty 50 index jumped 53.05 points or 0.22% to close at 23,669.50 in latest trading, building on the previous session's modest gains. According to Business Standard, the Nifty May 2026 futures continue to trade at a premium of 36 points compared to the cash market's closing level. The broader market showed positive momentum with the BSE 150 MidCap Index rising 0.35% and the BSE 250 SmallCap Index shedding a marginal 0.09%. Market breadth remained positive with 1,957 shares rising and 2,071 shares falling on the BSE, while 199 shares remained unchanged.
The Nifty Oil & Gas index emerged as a standout performer, advancing 1.36% to 11,333.10 and rising 1.52% over two consecutive trading sessions. Major oil & gas companies led the sector gains with Reliance Industries surging 2.59%, Hindustan Petroleum Corporation up 2.49%, Aegis Logistics gaining 2.07%, and Chennai Petroleum Corporation rising 1.62%. Other notable performers included Bharat Petroleum Corporation (up 1.55%), Indian Oil Corporation (up 1.41%), and Oil India (up 0.8%). This sector strength reflects continued buying demand for oil & gas shares for the second consecutive trading session.
In the commodities market, Brent crude for July 2026 settlement declined $2.05 or 1.84% to $109.23 per barrel, providing support to oil & gas sector sentiment. The US Dollar Index was up 0.08% to 99.41, while the US 10-year bond yield declined 0.25% to 4.650 and the 30-year Treasury bond yield fell 0.25% to 5.168. In the foreign exchange market, the rupee edged lower against the dollar, hovering at 96.8350 compared with its previous close of 96.7000, and touching an all-time intraday low of 96.9575. MCX Gold futures for 5 June 2026 settlement declined 0.21% to ₹158,751.
In the F&O segment of the NSE, HDFC Bank, Infosys and Reliance Industries continue to emerge as the top-traded individual stock futures contracts. According to Business Standard, these three companies dominated trading activity in the derivatives market, reflecting strong investor interest in these established market leaders. The May 2026 F&O contracts are scheduled to expire on 26 May 2026. Recent developments show Bluspring Enterprises jumping 6.16% after the company reported a consolidated net profit of ₹4.12 crore in Q4 FY26, while Siyaram Silk Mills declined 4.22% despite reporting a 30.6% increase in standalone net profit to ₹94.60 crore.
