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NEWS U CAN USE
Jun 12, 2026
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The Week that was…
08th Jun to 12th Jun
2
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Indian Economy
•According to the RBI data, India’s current account recorded a surplus of US$ 7.1 billion
(0.7% of GDP) in Q4FY26, compared with a higher surplus of US$ 13.7 billion (1.4% of GDP)
in Q4FY25.
•According to the RBI data, India’s outward FDI commitments declined 49% MoM to USD
4.49 billion in May 2026, mainly due to lower equity investments, loans, and guarantees,
although they rose 34.6% YoY.
•E-way bill generation under the GST regime rose to 136.08 million in May 2026, marking
the fourth-highest level since GST rollout, reflecting strong domestic trade activity and
improved compliance, with an increase of 11% YoY and 2.03% MoM.
•India’s Consumer Price Index (CPI)-based inflation rose to 3.93% in May 2026 from 3.48%
in Apr 2026, driven largely by higher food prices. Consumer food price inflation increased
to 4.78% in May 2026 from 4.20% in Apr 2026.
•According to the Solvent Extractors’ Association of India, India’s edible oil imports rose
6.7% YoY to about 1.3 million tonnes in May 2026, driven mainly by higher crude soybean
oil shipments amid improved price competitiveness.
•Centre has announced an interim allocation of Rs. 95,692 crore under the new VB-G RAM
G scheme ahead of its Jul 2026 rollout, aimed at ensuring a smooth transition from
MGNREGA and uninterrupted rural employment and development activities.
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Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
4
Domestic Equity Market Indices
Indices
12-Jun-26
1 Week Return
YTD Return
BSE Sensex
75,527.95 1.73% -11.37%
Nifty 50
23,622.90 1.10% -9.59%
BSE Mid
-Cap 46,135.07 -0.41% -1.74%
BSE Small
-Cap 53,553.66 0.40% 3.94%
Source: Refinitiv Values as on Jun 12, 2026
•Domestic equity markets advanced
after recording losses over the previous
two weeks, with the benchmark
indices, the BSE Sensex and Nifty 50,
rising by 1.73% and 1.10%, respectively.
•Domestic equity markets rose after the
U.S. President signalled a diplomatic
breakthrough in talks to resolve the
Iran conflict, prompting investors to
unwind geopolitical risk premiums. The
upside was further supported by a
decline in crude oil prices, amid
growing expectations that potential
disruptions to energy supplies through
the Strait of Hormuz could ease.
However, gains were capped as robust
U.S. jobs data for May 2026, along with
steady U.S. inflation data for the same
period, reinforced expectations of
continued monetary tightening by the
U.S. Federal Reserve.
Ratios
BSE Sensex
Nifty 50
BSE Mid Cap
BSE Small
Cap
P/E
20.41 20.37 29.92 32.75
P/B
4.04 3.11 5.03 3.94
Dividend Yield
1.06 1.23 0.74 0.59
Source: NSE, BSE Values as on Jun 12, 2026
Indian Equity Market
NSE Advance/Decline Ratio
Date Advances
Declines
Advance/Decline Ratio
08-Jun-26 873 2,651 0.33
09-Jun-26 2,521 1,023 2.46
10-Jun-26 1,123 2,391 0.47
11-Jun-26 992 2,439 0.41
12-Jun-26 2,852 653 4.37
Source: NSE
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5
Sectoral Indices
Indices Last Returns (in %)
Closing 1-Wk 1-Mth
BSE Auto
57,912.57 0.49% 0.62%
BSE Bankex
63,987.80 4.08% 6.06%
BSE CD
58,426.47 -0.39% 3.72%
BSE CG
78,891.93 -1.40% 3.51%
BSE FMCG
18,139.99 1.19% -2.80%
BSE HC
47,388.27 1.02% 2.86%
BSE IT
27,167.90 -3.73% -1.16%
BSE Metal
42,004.45 -2.80% 0.02%
BSE Oil & Gas
26,151.06 -1.52% -2.68%
Source:BSE
Values as on Jun 12, 2026
•On the BSE sectoral front, BSE Bankex gained
4.08%, supported by the RBI’s forex swap
guidelines enabling lower-cost foreign currency
mobilization and CRR/SLR exemptions on
eligible FCNR(B) deposits, boosting dollar
liquidity, bank profitability, and buying interest
across PSU and private banks.
•BSE IT declined 3.73%, tracking weakness in
global technology stocks and rising concerns
over the impact of artificial intelligence on the
growth prospects of IT services companies.
Indian Derivatives Market Review
•Nifty Jun 2026 Futures stood at 23,686.60, a premium of 63.70 points above the spot
closing of 23,622.90.
•The total turnover on NSE’s Futures and Options segment for the week stood at Rs.
1,198.00 lakh crore as against Rs. 1,411.48 lakh crore for the week to Jun 5.
•The Put-Call ratio stood at 0.89 compared with the previous week’s close of 1.01.
•The Nifty put-call ratio stood at 0.41 compared with the previous week’s close of 0.45.
Indian Equity Market (contd.)
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6.86
6.88
6.90
6.92
6.94
6.96
6.98
8-Jun 9-Jun 10-Jun 11-Jun 12-Jun
Yield in %
10 -Yr Benchmark Bond ( % )
Source: CCIL
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Debt Indicators
(%)
Current
Value
1-
Wk
Ago
1-
Mth
Ago
6-
Mth
Ago
Call Rate
5.27 5.31 5.25 5.18
91 Day T
-Bill 5.24 5.45 5.31 5.30
06.36% 2031, (5 Yr GOI)
6.49 6.63 6.81 6.32
06.94% 2036, (10 Yr GOI)
6.90 6.98 7.00 6.59
Source: Refinitiv Values as on Jun 12, 2026
•Bond yields declined following a sharp
fall in crude oil prices, after the U.S.
President rekindled hopes of a
diplomatic breakthrough with Iran. This,
in turn, enhanced the attractiveness of
domestic debt, extending the positive
momentum generated by the RBI’s Jun
2026 monetary policy measures aimed at
boosting foreign inflows into the
country.
•Yield on the old 10-year benchmark
paper (6.48% GS 2035) fell by 9 bps to
close at 6.89% from the previous week’s
close of 6.98%.
•Yield on the new 10-year benchmark
paper (6.94% GS 2036) fell by 4 bps to
close at 6.90% from the previous week’s
close of 6.94%.
Domestic Debt Market
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-18
-7
4
5.00
6.00
7.00
8.00
3 Mths 6 Mths 1 Yr 5 Yrs 10 Yrs 20 Yrs 30 Yrs
India Yield Curve Shift (%) (W-o-W)
Change in bps 12-Jun-26 05-Jun-26
Yield in %
Change in bps
Source: Refinitiv
7
Maturity G-
Sec Yield
(%)
Corporate Yield
(%)
Spread
bps
1 Year 6.04 7.54 150
3 Year 6.25 7.43 118
5 Year 6.49 7.33 84
10 Year 6.90 7.7 80
Source: Refinitiv Values as on Jun 12, 2026
•Yields on gilt fell between 7 to 21 bps across the
maturities, barring 1 year paper that rose by 3 bps.
•Corporate bond yields fell between 7 to 19 bps
across the curve, barring 15 year papers that
increased by 14 bps.
•Difference in spread between AAA corporate bond
and gilt expanded between 2 to 22 bps across the
segments, barring 1 & 7 year papers that contracted
by 14 & 1 bps, respectively, while 2 year paper
remained steady.
Domestic Debt Market (Spread Analysis)
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8
•The government has notified Coal Exchange Rules, 2026 to establish regulated coal trading
platforms, aimed at enabling transparent, market-driven price discovery, improving
efficiency, and providing producers wider market access, while modernising India’s coal
supply chain and strengthening energy security.
•The RBI has allowed banks to lend to REITs and InvITs only if they are SEBI-registered and
listed, with at least 80% of assets generating cash flows, while capping exposure at 49% and
requiring fully secured, cash flow-linked loans without bullet repayments.
•The RBI has proposed a unified framework for banks’ risk, compliance and audit functions to
simplify rules and strengthen governance, with clearer roles, independent control functions
and stronger board oversight, effective Jan 1, 2027.
•The government has extended anti-dumping duty on aluminium foil imports from China,
Malaysia, Thailand and Indonesia until Dec 15, 2026, to protect domestic industry from
cheap imports.
•The government has granted retrospective customs duty exemptions on nuclear power
equipment imports from Apr 2019 to Jan 2026, aiming to reduce project costs and support
capacity expansion.
•Mutual fund distributors must submit their annual Declaration of Self-Certification (DSC) by
Jun 30,2026, failing which AMCs will start withholding commissions from Jul 1, 2026, and
any unpaid commissions may be forfeited if the DSC is not filed by Sep 30, 2026.
Regulatory Updates in India
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9
•SEBI has proposed replacing name-wise salary disclosures of mutual fund employees with
aggregate remuneration reporting to balance transparency with privacy concerns.
Currently, AMCs disclose individual pay for senior executives and high earners, but the new
framework would report only total compensation across categories along with employee
counts. Additionally, fund manager remuneration may be disclosed in aggregated form
only upon investor request.
Regulatory Updates in India (contd..)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
•U.S. existing home sales surged 3.2% to an annual rate of 4.17 million in May 2026,
following a 0.8% increase to an upwardly revised rate of 4.04 million in Apr 2026, according
to the National Association of Realtors.
•The U.S. Consumer Price Index rose by 0.5% in May 2026 after increasing by 0.6% in Apr
2026, according to the Labor Department. The annual rate of consumer price growth
accelerated to 4.2% in May, up from 3.8% in Apr 2026.
•U.K. real gross domestic product contracted by 0.1% in Apr 2026, in contrast to a 0.3%
expansion in Mar 2026, according to the Office for National Statistics.
•The European Central Bank raised its interest rates for the first time in nearly three years
on Jun 11, 2026, in a bid to cushion the impact of rising inflation triggered by a surge in
energy prices due to the conflict in the Middle East. The Governing Council, led by the ECB,
hiked the benchmark deposit rate by 25 basis points to 2.25%. The main refinancing rate
was increased to 2.40%, and the marginal lending rate to 2.65%.
•Germany’s consumer price inflation eased to 2.6% in May 2026, according to Destatis.
•China’s consumer prices increased 1.2% YoY in May 2026, the same rate recorded in April,
according to the National Bureau of Statistics.
•Japan’s gross domestic product logged an annualized growth of 1.8% in the first quarter of
2026, according to the Cabinet Office.
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Global News/Economy
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11
Global Indices
Indices
12
-Jun-
26
1-Week
Return
YTD
Return
Russell 3000
3,837.02 -0.74% 3.33%
Nasdaq 100
29,635.95 2.34% 17.37%
FTSE 100
10,471.72 1.00% 5.44%
DAX Index
24,635.30 -0.50% 0.59%
Nikkei Average
66,020.04 -0.85% 31.15%
Straits Times
5,025.80 -0.48% 8.17%
Source: Refinitiv
Value as on Jun 12,
2026
U.S.
•U.S. equity markets mostly rose,
supported by gains in technology stocks
and improved geopolitical sentiment
after the U.S. President signaled progress
toward a potential agreement with Iran.
The market was further lifted by investor
optimism surrounding the possibility of a
peace deal between the U.S. and Iran.
Europe
•European equity markets mostly rose as easing geopolitical tensions, following signals of a
potential U.S.-Iran agreement, boosted sentiment. Gains were further supported by hopes
that Iran and the U.S. will reach a peace agreement soon, after the U.S. President called off
planned attacks on Iran.
Asia
•Asian equity markets mostly rose after the U.S. President called off new military strikes on
Iran and indicated that a peace deal could be signed within a few days, helping to ease
fears of escalation. However, concerns over potential interest rate hikes limited gains.
Global Equity Markets
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4.42
4.44
4.46
4.48
4.50
4.52
4.54
4.56
8-Jun 9-Jun 10-Jun 11-Jun 12-Jun
Yield in %
US 10-Year Treasury Yield Movement
Source: Refinitiv
12
•Yields on the 10-year U.S. Treasury fell
by 5 bps to close at 4.49% from the
previous week’s close of 4.54%.
•U.S. Treasury prices rose as investors
monitored the prospect of a resolution
to the Middle East conflict.
•Meanwhile, investors looked ahead to
next week’s Federal Reserve policy
meeting for clues on the future interest
rate outlook.
Global Debt (U.S.)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
7.00
8.00
9.00
10.00
11.00
12-May-26 28-May-26
Global Commodity Movement
Gold Spot ($/Oz) Silver Spot ($/Oz) Brent ($/bbl)
Global Commodity Prices
Rebased to 10
Source: Refinitiv
13
Performance of various commodities
Commodities
Last Closing*
1-Week Ago
Brent Crude($/Barrel)
90.19 98.4
Gold ($/Oz)
4,218.77 4,328.80
Gold (Rs/10 gm)
147,367 153,959
Silver ($/Oz)
67.98 67.81
Silver (Rs/Kg)
241,306 257,129
Source: Refinitiv Value as o
n Jun 12,
2026
Gold
•Gold prices ($/oz) declined over the
weekend as investors assessed rising U.S.-
Iran tensions and awaited key U.S. inflation
data. However, prices later partially
recovered on expectations of a potential
U.S.-Iran peace agreement following the
U.S. President’s statements.
Brent Crude
•Brent crude oil prices fell after U.S.
President claimed that a U.S.-Iran interim
peace agreement would be signed over the
weekend and later affirmed that the Strait
of Hormuz would reopen.
Baltic Dry Index
•The index fell over the week due to
sluggish capesize and panamax activities.
Commodities Market
05-Jan-24
12-Jun-26
-8.34%
-2.54%
0.24%
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9.50
9.60
9.70
9.80
9.90
10.00
10.10
10.20
12-May-26 28-May-26
USD GBP Euro JPY
Source: Refinitiv
Currency Prices ( in terms of INR)
Rebased to 10
Currency Movement
14
Movement of Rupee vs Other Currencies
Currency
Last Closing*
1-Wk Ago
US Dollar
95.38 95.40
Pound Sterling
127.84 128.11
EURO
110.36 110.83
100 Yen
59.50 59.64
Source: Refinitiv Figures in INR , *Value as on Jun
12, 2026
Rupee
•The Indian rupee weakened against the U.S.
dollar due to heightened tensions in West Asia
and a stronger greenback.
Euro
•The euro strengthened against the U.S. dollar,
reflecting improved market sentiment and
underlying economic support.
Pound
•The British pound rose against the U.S. dollar,
reflecting improved market sentiment.
Yen
•The Japanese yen strengthened against the U.S.
dollar, reflecting improved market sentiment.
Currencies Markets
25-Jan-24
12-Jun-26
-0.02%
-0.23%
-0.42%
-0.21%
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15
The Week that was…
08th Jun to 12th Jun
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16
The Week that was (Jun 08 – Jun 12)
Date Events
Present
Value
Previous
Value
Monday,
Jun 08, 2026
• Japan Gross Domestic Product (QoQ) (Q1)
0.50% 0.50%
• Germany Factory Orders (MoM) (Apr)
-3.80% 4.50%
• Eurozone Sentix Investor Confidence (Jun)
-13.40 -16.40
Tuesday,
Jun 09, 2026
• China Trade Balance CNY (May)
723.98B
585.69B
• Germany Industrial Production (MoM) (Apr)
0.40% -0.10%
• U.S. Existing Home Sales Change (MoM) (May)
3.20% 0.70%
Wednesday,
Jun 10, 2026
• China Consumer Price Index (YoY) (May)
1.20% 1.20%
• U.S. Consumer Price Index (MoM) (May)
0.50% 0.60%
Thursday,
Jun 11, 2026
• European Central Bank Main Refinancing Operations Rate
2.40% 2.15%
• U.S. Producer Price Index (MoM) (May)
1.10% 1.10%
Friday,
Jun 12, 2026
• India Inflation Rate YoY MAY
3.93% 3.48%
• Japan Industrial Production (MoM) (Apr)
0.50% 0.80%
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17
The Week Ahead
15th Jun to 19th Jun
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18
The Week Ahead
Day Event
Monday,
Jun 15, 2026
•
India WPI Inflation YoY MAY
•
India Unemployment Rate MAY
•
Eurozone Industrial Production (MoM) (Apr)
•
U.S. Industrial Production (MoM) (May)
Tuesday,
Jun 16, 2026
•
India Balance of Trade MAY
•
China Retail Sales (YoY) (May)
•
Bank of Japan Interest Rate Decision
Wednesday,
Jun 17, 2026
•
U.K. Consumer Price Index (MoM) (May)
•
U.K. Retail Price Index (YoY) (May)
•
U.S. Retail Sales (MoM) (May)
•
U.S. Fed Interest Rate Decision
Thursday,
Jun 18, 2026
•
U.K. Employment Change (3M) (Apr)
•
Bank of England Interest Rate Decision
Friday,
Jun 19, 2026
•
India Monetary Policy Meeting Minutes
•
U.K. Retail Sales (MoM) (May)
•
U.K. GfK Consumer Confidence (Jun)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and
markets which have been obtained from independent third party sources and which are deemed to be reliable. The information provided cannot be
considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Nippon Life India Asset
Management Limited (NAM India) has not independently verified the accuracy or authenticity of such information or data, or for that matter the
reasonableness of the assumptions upon which such data and information has been processed or arrive data; NAM India does not in any manner
assures the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect NAM
India’s views or opinions, which in turn may have been formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the
Trustee or any of their respective directors, employees, associates or representatives do not assume any responsibility for, or warrant the accuracy,
completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein,
due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is
not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely
on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek independent
professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the
Trustee, their respective directors, employees, associates or representatives shall be liable in any way for any direct, indirect, special, incidental,
consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.
All information contained in this document has been obtained by ICRA Analytics Limited from sources believed by it to be accurate and reliable.
Although reasonable care has been taken to ensure that the information herein is true, such information is provided ‘as is’ without any warranty of
any kind, and ICRA Analytics Limited in particular, make no representation or warranty, express or implied, as to the accuracy, timeliness or
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credit rating or grading of ICRA for any instruments that have been issued or are to be issued by any entity.
19
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