Markets log third straight monthly advance amid sustained FPI inflows

The Sensex and the Nifty50 rose more than 2% each in May, extending their three-month gain to 5%

Indian markets have gained for a third straight month amid sustained inflows from foreign portfolio investors (FPIs). The Sensex and the Nifty50 rose more than 2 per cent each in May, extending their three-month gain to 5 per cent.
 

The broader markets continued with the performance. The Nifty Midcap 100 index rose 6.2 per cent, while the Nifty Smallcap 100 index added 5.1 per cent — stretching their three-month gain to 10 per cent and 7 per cent, respectively. Among sectoral indices, auto, realty, FMCG and private banks outperformed, while PSU banks saw profit-taking. FPIs pumped in nearly Rs 40,000