Indian Developments
Benchmark indices ended the week on a mixed note. Foreign Portfolio Investors (FPIs) were net sellers, offloading around $560 million, reflecting global caution and profit booking. Global cues remained mixed with volatility ahead of key US inflation data and Fed rate expectations. The RBI transferred a record ?2.69 trillion dividend to the government, boosting fiscal optimism.
Gold prices in India fluctuated throughout the week due to global inflation concerns, US dollar movement and central bank policy cues but ended on a positive note.
The rupee remained relatively stable supported by RBI interventions in the forex market.
Nifty 50 closed the week lower at 24,750 (-0.41%), while Nifty Midcap 150 (1.20%) and Nifty Small cap 250 (1.82%) indices outperformed during the period.
Sectoral Developments
Sectoral indices exhibited mixed performance for the week: Nifty PSU Bank lead the gains at 4.08%, followed by Nifty Capital Markets (3.35%), Nifty India Defense (2.73%) and Nifty Realty ( 1.33%). Nifty Pharma, Bank and Nifty Financial Services registered a weekly positive performance for the period at 0.04%, 0.63% and 0.05% respectively.
On the other end of the spectrum, Nifty Auto (-0.81%), Nifty IT (-1.46%), Nifty FMCG (-2.16%) , Nifty Metal (-0.61%) and Nifty Consumer Durables (-0.77%) suffered losses.
Global Developments
US Indices slipped back into the negative territory driven by rising bond yield fresh tariff threats, and a Moody’s downgrade of U.S. government credit. European markets saw mixed reaction post energy policy shift in US. Chinese equities remained under pressure due to sluggish industrial data and property sector concerns.
The U.S. dollar weakened against major currencies amid debt concerns and policy uncertainty
Despite US indices faced negative reactions during the week , US markets closed in positive territory. S&P 500 index ,Dow Jones and Nasdaq 100 edged up by 0.40%, 0.28% and 0.21% respectively. European Markets FTSE 100 and DAX markets also ended higher, with advancing 0.63% and 0.78% respectively. Asian Market Hang Seng , Shanghai and Kospi posted the weaker performance dropped by -1.20% and -0.47% ,-0.84% respectively.
Other Markets:
Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com, ccilindia.com, Economic times
Data for week ended on May 30 , 2025.
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