Weekly Market Wrap

Ajouté : 2026-06-01

[00:00:00]Hello everyone and welcome to the HDFC Securities Weekly Wrap podcast. So, first let's discuss how the markets have been in the week gone by. The Indian equity benchmark indices ended the week in red characterized by extreme volatility tied to the US-Iran geopolitical narrative.

[00:00:17]The week commenced on a euphoric note with Nifty 50 reclaiming the psychological 24,000 mark and the Sensex surging 1,000 points on Monday, that is 25th May 2026, driven by optimism that US-Iran talks aimed at de-escalating the conflict, although key disagreements remain unresolved. However, the sentiment reversed by Friday with Nifty and Sensex crashing 359 points and 1,092 points respectively. The benchmark indices saw a sudden fall at 3:00 p.m.

[00:00:46]on 29th May 2026 as the MSCI rebalancing kicked in during the last half hour of trading.

[00:00:53]Sensex erased 850 points in mere 10 minutes as geopolitical index provider MSCI added four Indian stocks that were Federal Bank, MCX, Nalco, and Indian Bank and removed four stocks which were Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewelers, and RVNL from its widely tracked global standard index in its latest periodic review. For the week, Nifty and Sensex closed lower by 0.7% and 0.8% respectively.

[00:01:22]Broader indices significantly outperformed frontline benchmarks. The Nifty Midcap 150 and Smallcap 250 indices gained 0.7% and 1.3% week-on-week respectively. Sectorally, BSE Metal, Reality, Auto, Cap Goods, and Power rose 1%, 1.2%, 1.2%, 3.2%, and 3.7% week-on-week respectively. In contrast, BSE Healthcare, Oil, and FMCG declined 1%, 1.4%, and 1.5% week-on-week respectively.

[00:01:54]On the economic data front, cost of certificates of deposits CD surged by 60 to 70 basis point in May 2026 compared with April 2026. Many PSU banks have launched special deposit schemes with higher interest rates to attract deposits. Average daily banking system liquidity has shrunk to rupees 50,000 crores from rupees 3 trillion in April.

[00:02:17]The new IIP series will be rolled out from June 2026 with MOSPI updating the base year to 2022-23.

[00:02:25]The new series broadens coverage to include sectors such as minor and rare earth minerals along with utilities like gas supply, water and sewage, and waste management.

[00:02:35]Globally, S&P 500 and Nasdaq touched fresh all-time highs on 28 May 2026 supported by sustained AI-led momentum and improved global risk sentiment after reports indicated that the US and Iran had reached a draft agreement to extend their ceasefire by 60 days. Though, US President Donald Trump is yet to approve it. This easing of geopolitical tensions also weighed on energy prices with Brent crude softening to around dollar 91 to dollar 93 per barrel. US inflation accelerated to 3-year high in April 26.

[00:03:08]Inflation jumped to 3.8% YOY in April 26 up from 3.5% in March 26.

[00:03:15]Aspects to look out for next week.

[00:03:17]Looking ahead, the 4QFY26 earning season comes to an end. The market will continue to focus over the progress of US-Iran ceasefire talks.

[00:03:26]Domestic investors will track May 26 auto sales data which will be released on 1st June.

[00:03:32]Additionally, India April 26 IIP, May 26 manufacturing PMI, RBI interest rate decision, and 4QFY26 GDP growth rate will be in focus.

[00:03:43]Globally, US and China May 26 composite PMI will also be keenly watched.

[00:03:48]Now, moving on to the corporate developments. So, the first stock we have is Lupin, where the company announced that China's National Medical Products Administration has approved the company's abbreviated new drug application for oseltamivir phosphate, developed in partnership with Yabao Pharmaceuticals.

[00:04:06]This marks Lupin's first product entry into China.

[00:04:09]Oral oseltamivir phosphate oral suspension will be launched specifically for pediatric use.

[00:04:15]Agla stock here Gujarat Themis Bioscience. So, company a definitive agreement signed here to acquire 100% equity stake in Microbiome Japan company from the funds managed or advised by T Capital Partners company, a Japan-based private equity fund. Or you transaction carry 1,300 crore key value here and this is expected to close in 2 Q FY '27.

[00:04:38]Agla stock here RBL Bank Jaha Emirates NBD Bank may announce kiya hai an open offer to acquire up to 41.55 crore shares of RBL Bank from public shareholders representing 26% of the expanded voting share capital at rupees 282.38 per share. The total offer size is valued at rupees 11,735 crores.

[00:05:00]Agla stock here Sai Parenterals. This company may target kiya hai to complete its Adelaide manufacturing facility by 4 Q FY '27 along with 67 product doses currently in the pipeline.

[00:05:12]Or agla stock here Wockhardt. So, the company has announced that the Central Drugs Standard Control Organization CDSCO has granted authorization for the import and marketing of its indigenously discovered and developed first-in-class breakthrough antibiotic Zinique in India.

[00:05:29]Ab chalte hai key order inflows key or.

[00:05:32]So, pehla stock here L&T jise 1,000 se 2,500 crore ka order mila hai.

[00:05:37]Agla stock here HFCL uh where the company has received an order worth rupees 135.1 crores from RailTel Corporation of India Limited.

[00:05:45]Agla stock here HBL Engineering jaha Chittaranjan Locomotive Works ne 17 se >> Now moving on to our products which is pick of the week where we have given a buy call on Shelly Engineering at a CMP of rupees 2,798 with a target price of rupees 2,220.

[00:06:21]Moving on to corporate actions for next week. So, for key corporate actions in next week, kindly refer to our weekly wrap report. The link to view the report is shared in the description box below.

[00:06:29]So, this was all about the weekly market podcast. Thank you for listening.

[00:06:33]>> Investment in securities market are subject to market risks. Read all the related documents carefully before investing.