WEEKLY REPORT
The Indian benchmark indices ended negative in this week.
For the week, the BSE Sensex declined 532.40 points, or 0.71%, to close at 74,243.34, while the Nifty 50 fell 181.05 points, or 0.76%, to settle at 23,366.70.
Major Gainers in the week: Hardware Technology & Equipment 24.2%, Telecommunications Equipment 8.89% and Media 3.89%.
Sectoral Laggards: Diversified by 4.77%, Metal & Mining by 3.58% and Fertilizers 3.26%.
The Nifty Midcap 100 index snapped its two-week winning streak and declined 1.5% during the week. The Nifty Smallcap 100 index ended the week largely unchanged.
FIIs were heavy sellers this week (-₹31,114 Cr), while DIIs provided strong support with ₹33,932 Cr of buying. FIIs also remained bearish in index derivatives, but strong domestic inflows helped keep the market resilient despite the selling pressure.
The Indian rupee positive during the week, appreciating by ₹0.31 to settle at ₹95.39 against the US dollar on May 23, 2026, compared with ₹95.70 in the previous week.
ECONOMY
🇮🇳 India
The RBI’s Monetary Policy Committee kept the repo rate unchanged at 5.25% on June 5, with Governor Sanjay Malhotra citing escalating West Asia conflict, surging crude prices, and domestic weather risks as reasons for caution. On the growth front, India’s Services PMI climbed to a six-month high of 59.8 in May and Manufacturing PMI rose to a three-month high of 55.0, while GST collections grew 3.2% year-on-year to ₹1.94 trillion, with goods supplies up 26.9% and services supplies up 22.2%, reflecting broad-based domestic demand resilience.
🌏 Asia
China’s official manufacturing PMI slipped to exactly 50.0 in May – right at the expansion-contraction threshold – while the private Caixin PMI eased to 51.8 from a five-year high of 52.2 in April, with input and output price inflation surging on Middle East energy tensions. Meanwhile, South Korea’s Kospi jumped to a fresh record of 8,788.38 on Samsung’s HBM4E chip launch, even as consumer inflation hit a two-year high of 3.1%, raising the prospect of a Bank of Korea rate hike in July.
🇪🇺 Europe
The eurozone economy shrank by 0.2% in Q1 2026 – the first contraction since Q4 2022 and the sharpest since mid-2020 – driven by Ireland’s 12.1% GDP plunge and a contraction in France, though Germany, Italy, and Spain held up with modest growth. With inflation hitting 3% in April on energy costs, markets are now pricing a near-certain 25 basis point ECB rate hike on June 11, putting the central bank in the uncomfortable position of tightening into a shrinking economy – a dynamic that economists are increasingly calling the bloc’s stagflation risk scenario.
Source: Business Standard, Trading Economics, bloomingbit.
STOCKS IN NEWS
Wipro
Shares of Wipro Ltd. declined 4.16 percent on this week, after the IT services company’s Rs 15,000 crore share buyback entered its record date.
NHPC
Shares of state-run hydropower producer NHPC Ltd fell nearly 4 percent on this week after the government launched an offer for sale (OFS) to divest up to a 6 percent stake in the company at a discount to the prevailing market price.
Acme Solar Holdings
Shares of Acme Solar Holdings Ltd rose more than 11% sharply on this week after the renewable energy company launched a qualified institutional placement (QIP) to raise up to Rs 2,800 crore, with the proceeds earmarked largely for debt reduction and general corporate purposes.
Hexagon Nutrition
Hexagon Nutrition IPO got fully subscribed on the first day of the share sale on Friday.
Bharat Heavy Electricals
Shares of Bharat Heavy Electricals Ltd (BHEL) came under pressure on this week more than 6% after global brokerage UBS downgraded the stock to Neutral from Buy, saying the risk-reward has become more balanced following the stock’s strong run over the past year.
Source: Mint, Moneycontrol.
