Benchmark equity indices ended sharply lower on May 29, with the Nifty slipping below the 23,600 mark amid broad-based selling pressure across sectors. Investor sentiment remained cautious following the IMD’s monsoon forecast at 90% of the Long Period Average (LPA), while a rise in India VIX reflected heightened market volatility. Selling pressure intensified during the final hour of trade due to MSCI rebalancing-related adjustments.
Here is how analysts read the market pulse:
