📈 Sensex zoomed 🔼 678 pts to 81,796 📈 Nifty gained 🔼 228 pts to 24,946 💡 Boosted by: ✅ Strong rally in US tech stocks ✅ Positive cues from China markets (FTSE, A50) ✅ Rising global liquidity ✅ Easing inflation fears 🌍 US & Asia Highlights: 🔹 Dow Jones +317 pts 🔹 Nasdaq +294 pts 🔹 Nikkei +182 pts 📉 Tata JLR Cuts Margin Outlook • FY26 EBIT margin lowered to 5–7% (from 10%) • Weak China market & US tariffs hurting outlook • FY25 FCF was £1.5 bn → may drop to near zero • £18 bn capex plan still on track 🏦 Credit Growth at 3-Year Low • Bank credit growth slows to 9% YoY (lowest since Mar '22) • Deposits outpace loans → LDR drops to 78.9% • NBFC loans & bonds gaining preference 🏗️ Data Centres: Realty’s Big Pivot • Top developers betting on 20%+ RoI from data centres • DC capacity may grow 3.6x by 2030 → $25 bn inflows • L&T, Lodha, DLF, Anant Raj investing heavily 👩‍💼 Job Market Worsens in May • Unemployment up to 5.6% (urban: 6.9%, youth: 15%) • Female participation hit hard (LFPR: 33.2%) • Weak job data = slow consumption in FMCG & BFSI 💸 FDs Lose Charm, MFs Shine • Household term deposits fell to 45.8% of savings • Mutual fund accounts at 230 mn (vs 100 mn in 2021) • Big boost for AMCs like HDFC, UTI, Nippon 📦 WPI Inflation at 14-Month Low • May WPI falls to 0.4% (food: -1.6%, veggies: -21.6%) • Good news for FMCG, autos, cement & B2C margins • Rate cut expectations rise 🏍️ 2-Wheelers Drive Rural Demand • 2W sales up 2.2% YoY, scooters up 7.1% • PV sales drop 0.8% YoY, hurting Maruti, Tata • Rate cuts + rural revival = boost for Hero, TVS, Bajaj