Key Events for the Month of May 2026

• India’s Services Purchasing Managers’ Index (PMI) climbed to a five-month high of 58.8 in April, with new orders and output expanding at a faster pace. Firms indicated a shift from international to domestic suppliers amid the West Asia crisis, resulting in the strongest rate of expansion since last November.

• India’s Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April 2026 from 53.9 in March. However, manufacturing activity in April 2026 slowed to its second-lowest level in nearly four years, according to a private sector survey of companies. While some improvements were seen compared to March, new order levels remained historically low.

• India’s Consumer Price Inflation (CPI) rose 3.48% year-on-year in April, only slightly higher than the 3.4% increase recorded in March, as the government’s efforts to shield consumers from the West Asia energy shock continued to bear fruit.

• India’s Wholesale Price Index (WPI) jumped to a 3.5-year high of 8.3% in April 2026 due to the impact of the West Asia crisis, driven by a sharp rise in crude oil and natural gas prices.

• India’s gross GST collections rose 3.2% to over ₹ 1.94 lakh crore in May, supported by improved supplies of goods and services and continued expansion in collections from imports.

• The month ended on a slightly negative note for Indian equity markets, with the Nifty 50 declining 1.87% and the BSE Sensex falling 2.78%.

|	Sectoral Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
Nifty Auto Index	-6.5%	-5.2%	12.9%	22.9%	20.1%
Nifty Bank Index	-10.4%	-9.2%	-2.7%	6.9%	9.1%
Nifty Energy Index	10.3%	15.0%	13.9%	19.1%	15.9%
Nifty Financial Services Index	-9.0%	-9.1%	-4.3%	8.9%	9.0%
Nifty FMCG Index	-3.4%	-11.2%	-10.7%	-1.0%	7.2%
Nifty Healthcare Index	3.5%	2.4%	10.8%	23.6%	13.0%
Nifty Infrastructure Index	-1.9%	-3.1%	4.3%	19.6%	16.9%
Nifty IT Index	-5.0%	-22.3%	-22.1%	-0.2%	1.4%
Nifty Media Index	-0.6%	-4.1%	-17.7%	-7.0%	-4.6%
Nifty Metal Index	9.8%	30.6%	46.2%	31.3%	21.6%
Nifty Pharma Index	6.1%	5.9%	13.5%	24.5%	11.8%
Nifty PSU Bank Index	-16.9%	-4.2%	16.9%	26.4%	27.2%
Nifty Realty Index	0.2%	-13.4%	-17.6%	18.1%	18.7%
BSE Consumer Durables Index	-2.5%	-6.8%	-0.4%	12.5%	11.7%
BSE Industrial Index	6.8%	9.2%	8.7%	28.1%	29.0%

Source: Bloomberg, As on 29/05/2026. The Sector(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) | The Index names mentioned do not constitute any kind of recommendation and are for information purpose only.
Past performance may or may not be sustained in the future.

|	Global Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
MSCI World Index	6.8%	10.6%	25.9%	19.9%	10.3%
MSCI Emerging Index	8.8%	28.2%	51.4%	21.8%	5.2%
MSCI India index	-3.7%	-6.4%	-1.3%	11.6%	10.1%
Dow Jones Industrial Average Index	4.2%	6.9%	20.7%	15.6%	8.1%
Nasdaq Composite Index	19.0%	15.4%	41.1%	27.5%	14.4%
Nikkei 225 Index	12.7%	32.0%	74.7%	28.4%	17.9%
Shanghai Composite Index	-2.3%	4.6%	21.5%	8.1%	2.5%
Deutsche Boerse AG german Stock Index DAX	-0.7%	5.3%	4.6%	16.4%	10.1%

Source: Bloomberg, As on 29/05/2026 | The Index names mentioned do not constitute any kind of recommendation and are for information purpose only.
Past performance may or may not be sustained in the future.