Indian Benchmarks Record Monthly Losses on War Jitters
The Nifty 50 and BSE Sensex fell 1.9% and 2.8% respectively in May as geopolitical uncertainty and an MSCI index rebalancing weighed on sentiment. While broader markets outperformed on earnings optimism, heavyweights like Reliance and ITC declined alongside high oil prices.
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India's Nifty 50 and BSE Sensex fell 1.9% and 2.8% in May as Iran war jitters triggered profit-taking. The decline follows a 7.5% rebound in April after an 11.3% plunge in March. India is the world's third-largest crude importer facing headwinds from elevated oil prices and weak foreign investor demand.
