Muted session for markets despite cooling geopolitical tensions

AI based rally continues in global markets

May 27, 2026

Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.

In our latest episode of In The Money by Zerodha, we sit down with Nick Radge, a veteran trader and systematic strategist with nearly 40 years of market experience. From starting as a clerk in 1985 to working at global desks like HSBC and Macquarie, Nick later founded The Chartist and now manages the All Weather Fund.

We trace his evolution from hand-drawn charts in the 1980s to running nine global momentum and trend-following strategies today, exploring why factor momentum dominates his approach and how he builds portfolios to survive volatile markets.

Check out In The Money

Markets Today

Nifty opened with a small 34-point gap down at 23,880, extending yesterday’s dull momentum despite positive global cues. The index saw sharp volatility in the first hour with multiple zig-zag moves between 23,870 and 23,920.

After a range-bound first hour, Nifty climbed steadily toward the 23,960–23,980 range by around 11:30 AM, marking the day’s high.

However, the momentum faded in the second half as the index turned choppy and gradually drifted lower. Nifty oscillated in a broad 23,890–23,930 range through most of the afternoon, with intermittent recovery attempts failing to sustain.

Selling pressure intensified briefly in the final hour, dragging the index toward the 23,860–23,880 zone, before a late rebound helped Nifty eventually close flat at 23,907.15.

The session was marked by a strong morning recovery, followed by a volatile and range-bound second half, with the index once again struggling in a narrow range.

Sectoral Indices Performance

Winners & Losers

Commodities

FII / DII Flows

Here’s the trend of FII-DII activity from the last 5 days:

Thematic Indices

Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track the Promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard

Change in OI for the day

The following is the change in OI for Nifty contracts expiring on 2nd June:

The maximum Call Open Interest (OI) is observed at 24,000, followed by 24,200, indicating potential resistance at the 24,100 -24,200 levels.
The maximum Put Open Interest (OI) is observed at 23,900, followed by 23,500, suggesting support at 23,800-23,700.

Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.

Source: Sensibull

Management Chatter

In this section, we highlight interesting comments from the management of major companies and policymakers in the Indian and Global Economies.

SEBI Chairman Tuhin Kanta Pandey, on the Indian markets after Taiwan surpassing our markets:

“India is a very, very diversified market. In Taiwan, there are concentrated stocks. There are very few. There are specific companies. The TSMC and others, which are very, very critical to the electronic supply chain, they are getting a lot more flows and leading to their higher valuations. I don't have to comment on this. This is something which goes on in a capital market.” - Link

Jensen Huang, CEO and Founder of Nvidia, on Taiwan:

"Taiwan is the epicentre of the AI revolution. This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created. The number of partners we work with here in ‌Taiwan, incredible."
"Four years ago, five years ago, Nvidia was spending about 10, 15 billion dollars a year in Taiwan. Now we're spending 100, going to 150 billion dollars in Taiwan each year," - Link