Key Events for the Month of May 2025

• India’s Services Purchasing Managers' Index (PMI) for April stood at 58.7, indicating a slight improvement in the country’s services sector compared to 58.5 in March.

• India's Purchasing Managers' Index (PMI) rose to a 10-month high of 58.2 in April. The seasonally adjusted index signaled the strongest improvement in the sector’s health since June 2024, driven by faster growth in employment, production, and stockpiling of purchases.

• India’s retail inflation, measured by the Consumer Price Index (CPI), stood at 3.16% in April 2025. The lowest level since July 2019. This marks a decline of 0.18% from March’s 3.34%, indicating a steady easing of prices.

• India’s wholesale price index (WPI) based inflation fell sharply to 0.85% in April 2025 from 2.05% in March. The decline in inflation was largely due to a decline in prices in the fuel & power and primary articles segments, although the manufacturing sector continued to show resilience.

• India's GST Collection Reaches Rs 2.01 Lakh Crore In May 2025, Up 16.4% YoY. The year-on-year growth was driven by a 25.2% increase in GST collected from imports and a 13.7% rise from domestic transactions.

• Indian equity indices ended the month with moderate gains: Nifty 50 up 1.71% and BSE Sensex up 1.51%.

|	Sectoral Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
Nifty Auto Index	13.8%	-0.2%	-0.4%	26.3%	30.2%
Nifty Bank Index	15.3%	7.1%	13.8%	16.2%	23.6%
Nifty Energy Index	19.5%	-4.3%	-10.9%	11.8%	22.4%
Nifty Financial Services Index	15.1%	10.4%	22.0%	17.2%	22.7%
Nifty FMCG Index	9.1%	-4.6%	2.2%	12.6%	13.5%
Nifty Healthcare Index	9.5%	-1.7%	17.8%	21.2%	20.0%
Nifty Infrastructure Index	17.0%	2.7%	3.5%	22.5%	25.8%
Nifty IT Index	0.0%	-13.5%	15.2%	7.9%	21.6%
Nifty Media Index	23.4%	-14.3%	-8.5%	-5.9%	7.7%
Nifty Metal Index	11.9%	1.8%	-5.5%	19.9%	37.3%
Nifty Pharma Index	8.2%	-3.6%	14.1%	19.4%	17.0%
Nifty PSU Bank Index	23.4%	2.4%	-5.6%	39.4%	43.9%
Nifty Realty Index	19.0%	-6.9%	-6.9%	32.1%	39.4%
BSE Consumer Durables Index	9.4%	-7.2%	5.5%	15.1%	25.0%
BSE Industrial Index	28.7%	-2.0%	1.0%	39.4%	47.8%

Source: Bloomberg, As on 30/05/2025. The Sector(s)/Stock(s)/mentioned in this document do not constitute any research report/recommendation of the same and the scheme(s)/Fund may or may not have any future position in these Sector(s)/Stock(s)

|	Global Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
MSCI World Index	1.5%	1.4%	12.1%	11.4%	12.4%
MSCI Emerging Index	5.5%	7.3%	10.3%	2.4%	4.5%
MSCI India index	13.3%	0.9%	7.3%	14.9%	21.0%
Dow Jones Industrial Average Index	-3.6%	-5.9%	9.3%	8.6%	10.7%
Nasdaq Composite Index	1.4%	-0.5%	14.2%	16.5%	15.0%
Nikkei 225 Index	2.2%	-0.6%	-1.4%	11.6%	11.6%
Shanghai Composite Index	0.8%	0.6%	8.4%	1.7%	3.2%
Deutsche Boerse AG german Stock Index DAX	6.4%	22.3%	29.7%	18.6%	15.7%

Source: Bloomberg, As on 30/05/2025