Indian benchmark indexes finished May with gains for the third consecutive month, fueled by institutional investment and earnings. Despite geopolitical tensions and trade concerns, positive developments in the US, China & India, US relations boosted sentiment. Key data releases and RBI policy loom.

• Nifty & Sensex up ~12% since March, below Sept '24 highs.
• FPIs invested $2.6B in May, the highest since September '24.
• Small & Mid caps outperformed, rising 8.7% & 6.1% respectively.