India Index Returns Snapshot May 2026

Broad market indices were mixed; Nifty 50 fell 2.8% month‑on‑month, while small‑cap indices rose over 6% (Total Return).
Thematic indices posted strong gains, notably Capital Markets up 40% YoY and Defence up 25% YoY, while Services slipped about 5% YoY.
Sectoral performance varied: IT down ~9% MoM, Bank down ~4% MoM, Metal surged ~45% YoY and Pharma rose ~13% YoY.
Fixed‑income G‑Sec indices were flat to slightly negative month‑on‑month, with the 10‑yr benchmark gaining about 1% YoY.