Money Trends June 2026

Bhavesh Sanghvi

CEO

Growthfiniti Wealth Monthly Newsletter – June 2026 Summary

IIP: +5.1% YoY (May ’26), up from 4.9%; manufacturing eased to 5.5%
PMI: Manufacturing eased to 54.2 (Jun), Services fell to 57.4 (May: 59.8) — slowest expansion in 3 months
Inflation: CPI rose to 3.93% (May); WPI jumped to 9.68%, driven by food/fuel amid US–Iran tensions
GDP: Q4 FY26 grew 7.8% YoY (vs 7.0% prior year); manufacturing growth eased to 7.3%
Trade: Deficit widened to $28.21bn (May); exports +18%, imports +21%
Current Account: Surplus of $7.1bn (0.7% of GDP) in Q4FY26, down from $13.7bn a year ago
GST: Collections grew 13.9% YoY to ₹1.95 lakh crore (Jun)
Forex Reserves: Declined to $666.93bn (from $682.32bn)

Domestic indices rose: Nifty 50 +1.4% MoM (23,866), supported by falling crude (US–Iran peace talks) and dovish RBI signals
Sectors: Bank (+6.1%), Realty (+6.0%), Healthcare (+4.9%) led gains; IT (-9.6%), Metal (-6.9%), Energy (-2.8%) lagged on AI-growth concerns and weak Accenture guidance
Valuations: Smallcap (P/E 35.5) trading above 3-yr average; Largecap/Midcap below average
Global: Japan’s Nikkei led CYTD gains (+39.2%); Hong Kong (-10.7%) and India (-8.7%) lagged

RBI kept repo rate unchanged at 5.25% (neutral stance)
10-Yr G-Sec yields fell (gilt: -27 to -48bps) on tax-relief speculation and Iran peace deal
US 10-Yr Treasury yield eased slightly to 4.42%

FIIs: Net sellers in equity (-₹49,340cr, 4th straight month); net buyers in debt (+₹30,620cr)
DIIs/MFs: Continued strong equity buying (+₹85,800cr / +₹50,643cr)
SIP inflows: ₹30,954cr (May ’26); SIP AUM at ₹17.12 lakh crore

RBI MPC: repo held at 5.25%; FY27 GDP growth projected at 6.6%, CPI at 5.1%
Fed held rates (3.50–3.75%); BoE held at 3.75%; BoJ hiked to 1.00% (31-year high); PBoC held steady