Wipro Ltd announced on Thursday an expanded partnership with ServiceNow to deploy agentic AI workflows across core enterprise functions including IT, human resources, procurement, and cybersecurity. Under the agreement, Wipro will integrate its Wipro Intelligence platform — a unified suite of AI-powered tools and solutions — with the ServiceNow AI Platform. The goal is to reduce manual coordination in enterprise operations and improve visibility into how work moves across organisational systems.
Wipro and ServiceNow deepen AI partnership to automate enterprise workflows- Daily Market Update 29th May 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat to positive note.
- European equity markets ended on a flat to negative note.
- Asian equity markets are trading mix.
- GIFT Nifty is little changed, Nifty futures is likely to open around 23880 levels.
The benchmark Nifty index ended on a flat note at 23907 spot levels after a cut of just 6 points from its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices ended on a flat to positive note.
Performance on the sectoral front was mix. Amongst them, Nifty Media was at the top of the tally, rose over 3% followed by Metal and Auto index that gained 1.67% & 1.45% respectively. On the other hand, index heavyweight Banking and Finance pack were at the bottom of the tally, down around 0.5% each.
Nifty index showing signs of further consolidation with immediate resistance around 24200 spot levels. Immediate supports on the down side is placed around 23800 spot levels. A sustained trading below 23800 spot could drag it towards 23600 and lower levels in immediate near term. Hence, we suggest traders to maintain stocks- and sector-specific trading approach.
Derivatives Overview & Outlook
On Wednesday, Banknifty and Finnifty futures added 3% and 38% of open interest respectively as short buildup while no significant change was observed in Midcpnifty futures on price as well as on open interest front. On the other hand, Nifty futures added around 3% of open interest without any significant change in the price.
Majority of F&O sectors settled on a positive note. Amongst them, Automobile, Metal and Telecom stocks witnessed maximum addition of long position whereas some short buildup was seen among Finance, Oil & Gas and Technology stocks.
On options front, both put writing along with some call addition was seen at multiple OTM strikes. Maximum positions are at 25000 CE followed by 24000 CE and 23000 PE followed by 23200 PE.
Institutional Trading Activity
On Wednesday, FIIs sold stocks worth Rs 1043 Cr in the cash segment, sold index futures worth Rs 1592 Cr and also sold stocks future worth Rs 704 Cr. DIIs were net buyers to the tune of Rs 3821Cr in the cash segment.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24150-24300; Supports 23900-23800
Banknifty – Resistances 55600-55800; Supports 55000-54700
Finnifty – Resistances 26050-26200; Supports 25800- 25700
F&O stocks in ban today: SAIL
Important Results Today: ASIANPAINT, GLENMARK, INDIGO, IPCALAB, IREDA, MMTC & TI
Disclosure
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