India, May 27 -- Indian equity markets opened cautiously on May 27 as investors balanced strong corporate earnings, sector-specific rallies and global geopolitical uncertainty. GIFT Nifty futures indicated a muted start, trading 88 points lower at 23,890 while Asian markets remained largely positive amid optimism surrounding a fragile ceasefire between the United States and Iran. Back home, sectors including realty, capital goods, energy, railways and pharmaceuticals remained active as several companies posted quarterly earnings, hit 52-week highs or announced strategic developments likely to shape investor sentiment in the coming weeks.

Oil & Natural Gas Corporation (ONGC)

State-run Oil and Natural Gas Corporation reported a 3% rise in...