Overview
- Benchmark indices surged to new highs, with Nifty trading above 25,000 and Sensex settling past 82,000 in early Monday trade.
- The Reserve Bank of India approved a record ₹2.69 lakh crore dividend for FY25, bolstering the government’s fiscal position and market sentiment.
- US President Donald Trump pushed back 50% tariffs on EU goods from June 1 to July 9 following discussions with European Commission President Ursula von der Leyen.
- The southwest monsoon arrived in Kerala on May 24, marking its earliest onset since 2009 and lifting agricultural and rural market outlooks.
- The US dollar index slid to a one-month low, prompting foreign institutional investors to net buy ₹1,794.6 crore of Indian equities on Friday.