| Market Overview


      


      


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%.

Market Valuation Indicators



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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.



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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.