Extending losing streak for fourth straight session, Indian equity benchmark -- Nifty ended lower with cut of 0.70 percent on Monday. Index began the session on positive note but in a while, market trimmed most of its gains and entered into red terrain as uncertainty surrounded over US-Iran peace deal and persistent foreign fund outflow dampened investors sentiments. As per exchange data, foreign institutional investors offloaded equities worth Rs 21,105.86 crore on May 29, 2026. Further, some cautiousness came as the Finance Ministry’s latest Monthly Economic Review, stated that the near-term outlook for the Indian economy is one of cautious resilience. It said with a below-normal monsoon forecast and a likely moderation in economic activity, overall consumption demand may face headwinds in the coming months. In second half of the session, market extended its pessimistic trade in southward direction till the end of the session. Finally, Nifty ended below 23,400 mark.
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