News You Can Use of 29 May 2026

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NEWS U CAN USE

May 29, 2026

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The Week that was…

25th May to 29th May

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Indian Economy

•The Quad comprising India, the US, Japan and Australia plans to mobilise up to $20 billion

in public and private funding to strengthen critical minerals supply chains across mining,

processing and recycling.

•According to the National Health Accounts (NHA) estimates released by the Union Health

Ministry, government health spending rose from Rs. 1.30 lakh crore in 2013–14 to Rs. 3.85

lakh crore in 2022–23, leading to a sharp decline in households’ out-of-pocket healthcare

expenses.

•The Union Cabinet approved a Rs. 25,000 crore Sarthak-PDS scheme to modernise the

public distribution system through technology-driven reforms, improving efficiency,

transparency, and foodgrain delivery.

•According to the RBI report, India's net household financial savings rose to 7% of Gross

National Disposable Income (GNDI) in FY25 from 5.8% in FY24, driven by a sharp decline in

financial liabilities. Gross domestic savings increased to 34.2% of GNDI, with financial

choices still heavily led by bank deposits.

•According to the government report, infrastructure projects costing Rs. 150 crore and

above have recorded a cumulative cost overrun of around Rs. 5.6 lakh crore, with the

revised cost of 1,981 projects rising to about Rs. 42.8 lakh crore from the original Rs. 37.1

lakh crore.

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Domestic Equity Market Indices

Indices

29-May-26

1 Week Return

YTD Return

BSE Sensex

74,775.74 -0.85% -12.26%

Nifty 50

23,547.75 -0.72% -9.88%

BSE Mid

-Cap 46,860.51 0.54% -0.20%

BSE Small

-Cap 52,980.52 1.11% 2.82%

Source: Refinitiv Values as on May 29, 2026

•Domestic equity markets declined after

posting gains in the previous week,

with the benchmark indices BSE Sensex

and Nifty 50 falling by 0.85% and

0.72%, respectively.

•Domestic equity markets declined amid

ongoing uncertainty over a potential

U.S.–Iran peace deal and its timeline.

Sentiment weakened after the U.S.

forces struck missile launch sites in Iran

and targeted boats attempting to

deploy mines, diminishing expectations

of an imminent resolution.

•Losses deepened as the MSCI May 2026

index rebalancing came into effect,

triggering adjustments by passive

funds tracking MSCI indices and further

heightening market volatility.

Ratios

BSE Sensex

Nifty 50

BSE Mid Cap

BSE Small

Cap

P/E

20.10 20.27 30.53 32.43

P/B

4.01 3.21 5.11 3.90

Dividend Yield

1.24 1.35 0.70 0.60

Source: NSE, BSE

alues as on May 29, 2026

Indian Equity Market

NSE Advance/Decline Ratio

Date Advances

Declines

Advance/Decline Ratio

25-May-26 2,351 1,113 2.11

26-May-26 1,761 1,799 0.98

27-May-26 1,981 1,662 1.19

29-May-26 1,218 2,311 0.53

Source: NSE

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Sectoral Indices

Indices Last Returns (in %)

Closing 1-Wk 1-Mth

BSE Auto

57,983.39 1.21% 1.42%

BSE Bankex

61,131.26 0.37% -0.93%

BSE CD

57,685.96 -0.30% -2.39%

BSE CG

80,818.74 3.19% 4.67%

BSE FMCG

18,264.66 -1.54% -3.31%

BSE HC

46,806.42 -0.98% 4.91%

BSE IT

28,165.11 0.36% -0.85%

BSE Metal

43,765.78 0.96% 3.72%

BSE Oil & Gas

26,741.03 -1.41% -3.40%

Source:BSE

Values as on May 29, 2026

•On the BSE sectoral front, BSE FMCG index

declined by 1.54% as defensive sectors

underperformed, with FMCG stocks ending

lower amid a shift in investor preference toward

cyclical and growth-oriented sectors. The

decline was further driven by heavy institutional

selling linked to the MSCI index rebalancing,

while rising geopolitical tensions and a

weakening rupee added to the downward

pressure. BSE Power rallied 3.73% supported by

strong electricity demand, robust order inflows,

and improved earnings visibility across the

sector.

Indian Derivatives Market Review

•Nifty Jun 2026 Futures stood at 23,748.80, a premium of 201.05 points above the spot

closing of 23,547.75.

•The total turnover on NSE’s Futures and Options segment for the week stood at Rs.

1,097.59 lakh crore as against Rs. 1,247.09 lakh crore for the week to May 22.

•The Put-Call ratio stood at 0.93 compared with the previous week’s close of 0.89.

•The Nifty put-call ratio stood at 0.49 compared with the previous week’s close of 0.47.

Indian Equity Market (contd.)

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6.96

6.98

7.00

7.02

7.04

25-May 26-May 27-May 29-May

Yield in %

10 -Yr Benchmark Bond ( % )

Source: CCIL

Debt Indicators

(%)

Current

Value

Ago

Mth

Ago

Mth

Ago

Call Rate

5.47 5.37 5.16 5.56

91 Day T

-Bill 5.55 5.55 5.27 5.36

06.36% 2031, (5 Yr GOI)

6.82 6.94 6.74 6.23

06.48% 2035, (10 Yr GOI)

7.01 7.09 6.99 6.51

Source: Refinitiv

lues as on May 29, 2026

•Bond yields softened as crude oil prices

declined on expectations of a potential

U.S.–Iran peace agreement that could

reopen a key supply chokepoint, even as

reports of fresh escalations in the

conflict persisted.

•Yield on the 10-year benchmark paper

(6.48% GS 2035) fell by 8 bps to close at

7.01% from the previous week’s close of

7.09%.

•Data from Reserve Bank of India showed

that India's foreign exchange reserves

decreased to $681.38 billion for the

week ended May 22, 2026 compared

with $688.89 billion a week earlier.

Domestic Debt Market

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-12

-10

-8

-6

-4

-2

0.00

2.00

4.00

6.00

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 29-May-26 22-May-26

Yield in %

Change in bps

Source: Refinitiv

Maturity G-

Sec Yield

(%)

Corporate Yield

(%)

Spread

bps

1 Year 6.13 7.8 167

3 Year 6.59 7.66 107

5 Year 6.82 7.55 73

10 Year 7.01 7.74 73

Source: Refinitiv Values as on May 29, 2026

•Yields on gilt fell between 4 to 21 bps across the

maturities, barring 14 year paper that rose by 1 bps.

•Corporate bond yields fell between 3 to 11 bps

across the curve.

•Difference in spread between AAA corporate bond

and gilt expanded up to 13 bps across the

segments, barring 6 & 15 year papers that

contracted by 2 & 4 bps, respectively.

Domestic Debt Market (Spread Analysis)

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•The Reserve Bank of India is prepared to act to stabilise the foreign exchange market. The

governor indicated that the rupee may be undervalued, and the central bank has sufficient

tools and reserves to manage volatility. Inflation remains the primary focus of monetary

policy, while India’s economic fundamentals continue to remain strong despite global

pressures.

•The Supreme Court upheld the government’s retrospective 28% GST on online gaming,

validating tax demands on past transactions and classifying such activities as taxable

supplies under GST.

•The Indian government is rolling out social security benefits like accident insurance, health

coverage, and old-age protection for gig and platform workers. Platform aggregators must

integrate their worker databases with the e-Shram portal by a Jun 22, 2026 deadline to

enable digital tracking and seamless welfare delivery.

•IRDAI has linked insurers’ CEO and senior management compensation to key customer-

centric metrics such as claim settlement speed and grievance redressal, ensuring that delays

directly impact their incentives while enhancing accountability, transparency, and customer

focus.

•SEBI is considering a new distributor category similar to mutual fund distributors to enable

intermediaries to sell debt instruments to retail investors, expanding access and deepening

participation in the corporate bond market.

Regulatory Updates in India

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•SEBI has proposed allowing mutual fund distributors to receive trail commissions partly in

the form of mutual fund units instead of only cash, aiming to promote long-term investing

and streamline processes. The proposal also flags potential mis-selling and conflict-of-

interest risks, for which the regulator has sought feedback on safeguards before

implementation.

•SEBI has strengthened its monitoring of mutual fund mis-selling by using AI-based

surveillance to analyse transaction data, investor age, and risk profiles, helping identify

unsuitable investments such as high-risk products being sold to elderly investors. The

regulator is actively flagging such cases and asking AMCs to investigate, verify distributor

conduct, and take corrective action where required. This move aims to improve

compliance, enforce suitability norms, and enhance overall investor protection across the

distribution ecosystem.

Regulatory Updates in India (contd..)

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•U.S. personal consumption expenditures (PCE) price index rose 0.4% in Apr 2026 after

increasing 0.7% in Mar 2026, according to the Commerce Department.

•U.S. real gross domestic product (GDP) grew 1.6% in the first quarter of 2026, reflecting a

downward revision from the previously reported 2.0%, according to the Commerce

Department.

•U.S. consumer confidence dipped to 93.1 in May 2026 from an upwardly revised 93.8 in

Apr, according to the Conference Board.

•Germany’s import prices increased 5.3% YoY in Apr 2026 after rising 2.3% in the previous

month, according to Destatis.

•Japan’s producer prices rose 3.0% YoY in Apr 2026, according to the Bank of Japan.

•Japan’s leading index, which measures future economic activity, rose to 114.0 in Mar 2026

from 113.2 in Jan 2026, according to the Cabinet Office.

•Singapore’s industrial production increased by 17.6% YoY in Apr 2026, significantly higher

than the revised 9.2% growth recorded in Mar 2026, according to preliminary data from

the Economic Development Board.

•Singapore’s consumer price index (CPI) climbed 1.8% YoY in Apr 2026, unchanged from

March 2026, according to the Monetary Authority of Singapore and the Ministry of Trade

and Industry.

Global News/Economy

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Global Indices

Indices

-May-

1-Week

Return

YTD

Return

Russell 3000

4,030.44 2.24% 8.54%

Nasdaq 100

30,333.18 2.89% 20.13%

FTSE 100

10,409.28 -0.54% 4.81%

DAX Index

25,104.70 0.87% 2.51%

Nikkei Average

66,329.50 4.72% 31.76%

Straits Times

5,037.86 -0.60% 8.43%

Source: Refinitiv Value as on May 29, 2026

U.S.

•U.S. equity markets rose, driven by gains

in technology stocks. Optimism around a

potential extension of the U.S.–Iran

ceasefire and continued earnings

momentum supported sentiment,

outweighing renewed geopolitical

concerns later in the session.

Europe

•European equity markets mostly advanced as optimism over potential U.S.–Iran progress

supported sentiment and helped lower energy prices. The agreement could reportedly

facilitate the reopening of the Strait of Hormuz and enable fresh negotiations over Iran’s

nuclear program.

Asia

•Asian equity markets closed on a mixed note. Markets rose on optimism surrounding the

resilient AI trade, strong earnings from a technology company, and reports of a proposed

60-day ceasefire extension between the U.S. and Iran. However, gains were capped as

investors weighed mixed signals from Washington and Tehran regarding a potential deal

to end the conflict and reopen the Strait of Hormuz.

Global Equity Markets

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4.43

4.44

4.45

4.46

4.47

4.48

4.49

4.50

26-May 27-May 28-May 29-May

Yield in %

US 10-Year Treasury Yield Movement

Source: Refinitiv

•Yields on the 10-year U.S. Treasury fell

by 12 bps to close at 4.45% from the

previous week’s close of 4.57%.

•U.S. Treasury prices rose after a report

that U.S. and Iranian negotiators had

agreed to extend a ceasefire drove oil

prices lower, even as new U.S. data

pointed to persistent inflation.

•Further, prices increased as investors

closely monitored developments in the

Middle East on the final trading day of

the month, amid signs that a lasting

U.S.-Iran ceasefire agreement may now

be within reach.

Global Debt (U.S.)

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6.00

8.00

10.00

12.00

14.00

29-Apr-26 15-May-26

Global Commodity Movement

Gold Spot ($/Oz) Silver Spot ($/Oz) Brent ($/bbl)

Global Commodity Prices

Rebased to 10

Source: Refinitiv

Performance of various commodities

Commodities

Last Closing*

1-Week Ago

Brent Crude($/Barrel)

97.26 110.83

Gold ($/Oz)

4,535.82 4,508.73

Gold (Rs/10 gm)

155,964 157,549

Silver ($/Oz)

75.26 75.49

Silver (Rs/Kg)

263,371 266,292

Source: Refinitiv Value as o

n M

ay 29, 2026

Gold

•Gold prices ($/oz) rose amid growing

optimism about an end to the Middle East

conflict, with the likelihood of reopening

the Strait of Hormuz and resuming oil and

energy trade increasing.

Brent Crude

•Brent crude oil prices fell as expectations

of the U.S. and Iran signing a Memorandum

of Understanding ran high.

Baltic Dry Index

•The index rose over the week due to

improved capesize and panamax activities.

Commodities Market

05-Jan-24

29-May-26

-12.24%

0.60%

-0.31%

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9.80

9.90

10.00

10.10

10.20

10.30

29-Apr-26 15-May-26

USD GBP Euro JPY

Source: Refinitiv

Currency Prices ( in terms of INR)

Rebased to 10

Currency Movement

Movement of Rupee vs Other Currencies

Currency

Last Closing*

1-Wk Ago

US Dollar

95.38 95.96

Pound Sterling

128.18 128.79

EURO

111.11 111.39

100 Yen

59.89 60.31

Source: Refinitiv Figures in INR , *Value as on May 29, 2026

Rupee

•The Indian rupee strengthened against the U.S.

dollar as renewed optimism over a potential

peace deal between the U.S. and Iran boosted

market sentiment.

Euro

•Euro strengthened on a U.S.–Iran ceasefire

extension and eased Hormuz shipping

restrictions.

Pound

•Pound rose against the dollar on a U.S.–Iran

ceasefire extension and eased Hormuz shipping

restrictions.

Yen

•The Japanese yen weakened against the U.S.

dollar despite reports of a ceasefire extension

between the U.S. and Iran and easing shipping

restrictions in the Strait of Hormuz.

Currencies Markets

25-Jan-24

29-May-26

-0.60%

-0.70%

-0.25%

-0.47%

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The Week that was…

25th May to 29th May

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The Week that was (May 25 – May 29)

Date Events

Present

Value

Tuesday,

May 26, 2026

• U.K. BRC Shop Price Index (YoY) (May)

1.20% 1.00%

• U.S. Housing Price Index (MoM) (Mar)

0.10% -0.10%

• Japan Leading Economic Index (Mar)

114.00 114.50

Wednesday,

May 27, 2026

• U.S. ADP Employment Change 4

-week average 35.75K 40.75K

• U.S. Redbook Index (YoY)

9.00% 8.10%

Thursday,

May 28, 2026

• U.S. Core Personal Consumption Expenditures

Price Index (MoM) (Apr)

0.20% 0.30%

• U.S. Durable Goods Orders (Apr)

7.90% 1.30%

• U.S. Initial Jobless Claims

215K 210K

Friday,

May 29, 2026

• Japan Unemployment Rate (Apr)

2.50% 2.70%

• Japan Retail Trade (YoY) (Apr)

2.10% 1.70%

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The Week Ahead

01st Jun to 05th Jun

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The Week Ahead

Day Event

Monday,

Jun 01, 2026

•

India HSBC Manufacturing PMI Final MAY

•

India Industrial Production YoY APR

•

India Manufacturing Production YoY APR

•

Germany Retail Sales (YoY) (Apr)

•

U.S. ISM Manufacturing PMI (May)

Tuesday,

Jun 02, 2026

•

Eurozone Core Harmonized Index of Consumer Prices (MoM) (May) Prel

•

U.K. Consumer Credit (Apr)

•

U.S. JOLTS Job Openings (Apr)

Wednesday,

Jun 03, 2026

•

China RatingDog Services PMI (May)

•

U.S. ADP Employment Change (May)

•

U.S. ISM Services PMI (May)

Thursday,

Jun 04, 2026

•

Eurozone Retail Sales (YoY) (Apr)

•

U.S. Initial Jobless Claims

•

U.S. Nonfarm Productivity (Q1)

Friday,

Jun 05, 2026

•

Eurozone Employment Change (QoQ) (Q1)

•

U.S. Nonfarm Payrolls (May)

•

U.S. Unemployment Rate (May)

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markets which have been obtained from independent third party sources and which are deemed to be reliable. The information provided cannot be

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