As investors prepare for the final week of May, a host of key domestic and international triggers are lined up that could set the tone for market sentiment. From macroeconomic data releases in India and the US to a packed earnings calendar and significant corporate decisions, here’s a detailed look at the cues to watch.
India: Focus on Growth and Output Data
On the domestic front, two critical economic indicators are scheduled. On May 28, India will release its industrial production figures. This will be followed by the GDP data for the fourth quarter on May 30, which will provide a clearer picture of the country’s economic momentum. These numbers will be closely tracked by market participants to gauge the health of the Indian economy amid global uncertainties.
Global Cues: Data-Heavy Week in the US and China
The US market will remain closed on May 26 for Memorial Day, while the UK will observe a Spring Bank Holiday on the same day. The week then turns data-heavy, with several important releases and events:
May 27: Conference Board consumer confidence data in the US
May 28: FOMC minutes from the May 6-7 meeting
May 29: US GDP and initial jobless claims
May 30: Personal income, spending, PCE inflation gauges, merchandise trade, and University of Michigan consumer sentiment
China is also in focus with multiple data points due on May 30 including Tokyo CPI, unemployment, industrial production, and retail sales, which will be crucial for assessing the demand outlook from Asia’s largest economy. Meanwhile, the Eurozone’s consumer confidence data will be out on May 27.
Earnings: Action Packed Outside Nifty
Though Nifty companies are silent for most of the week, several major non-Nifty firms will announce their earnings:
May 26: Aurobindo Pharma, Sumitomo Chemical, Saksoft, Nazara Technologies, KEC International, Schneider Electric
May 27: TTK Prestige, EID Parry, Info Edge (India), NMDC, LIC, RCF, Bharat Dynamics, ITI
May 28: Suven Pharma, Cummins India, Bata India, IRCTC, Deepak Nitrite, SAIL, TVS Supply Chain
May 29: Bajaj Auto
The earnings announcements will provide insights into sector-specific trends and corporate profitability.
Corporate Actions: Fundraising on the Agenda
A few key board meetings are scheduled to discuss potential fundraising:
May 27: Hindustan Copper board to consider fundraising proposals
May 29: Prestige Estates and Varroc Engineering to deliberate on capital raising
May 30: Equitas Small Finance Bank’s board meeting on the same agenda
These moves could indicate growth intentions and capital needs of the companies involved.
Other Key Events: From ECB to Bitcoin Conference
In Europe, ECB President Christine Lagarde is scheduled to speak on May 26. Additionally, the ASEAN Summit in Kuala Lumpur continues through May 27, gathering international leaders for key diplomatic discussions.
The week also includes notable events in the US:
May 27: Bitcoin 2025 Conference in Las Vegas featuring US Vice President JD Vance, and the tentative ninth test flight of Elon Musk’s Mars rocket
Fed speeches through the week: Neel Kashkari (May 27), John Williams (May 28), Austan Goolsbee, Lorie Logan, Tom Barkin, and Mary Daly (May 29), and Goolsbee again on May 30
These speeches will be analyzed for any signals on the Fed’s interest rate path and inflation outlook.
The final week of May is lined with critical data, earnings, and global events. While Indian GDP and US inflation data will be the headline numbers, the overall mood in global markets will likely be influenced by a mix of macro indicators, central bank commentary, and corporate actions. Investors should remain cautious yet attentive, as any surprises from these cues could lead to increased market volatility.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are advised to conduct their own research or consult a financial advisor before making any investment decisions. The author and publisher are not responsible for any losses arising from investment decisions based on the information provided herein.
