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FOMO To FMA - Asia Rallies, FIIs Retreat, DIIs Counterattack -The Great Tug-of-War on Dalal Street Continues

Nikunj Parikh - Mumbai Bureau May 29, 2026 4,150 Views
FOMO To FMA - Asia Rallies, FIIs Retreat, DIIs Counterattack -The Great Tug-of-War on Dalal Street Continues
Global cues are mildly positive, with US futures inching higher, Europe slightly weak, and Asian markets rallying strongly led by KOSPI and Nikkei. Gift Nifty’s 0.85% gain signals a firm domestic start despite FII selling of ₹1,042.70 crore, offset by robust DII buying of ₹3,821 crore. Investors will track major earnings from InterGlobe Aviation, BEML, Glenmark Pharma, Inox Wind and others. Commodities remain mixed amid geopolitical uncertainty, with gold and WTI crude slipping while Brent and silver edge higher. Corporate news flow is busy, led by strong results, AI partnerships, defence orders, IPO activity and key block deals.

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