Broad market indices like Nifty 50 and Nifty 500 posted 1‑month declines of about –2% and –1% respectively in May 2026.
Mid‑cap and small‑cap indices delivered positive 1‑month returns, with Nifty Midcap 50 up 3.05% and Smallcap 50 up 3.57% total return.
Thematic indices diverged sharply; Capital Markets surged 7.08% while Services fell –4.58% and Defence rose 2.63% year‑on‑year.
Fixed‑income G‑Sec benchmarks showed modest month‑on‑month drops around –0.6%, with the 10‑year benchmark flat to slight gain.