Indian markets advance in May, powered by 22% defence rally and microcap strength
Indian equities posted broad-based gains in May 2025, led by a stellar 22% surge in defence stocks and strong double-digit returns in microcap indices, as investors rotated into risk-on segments amid improving domestic sentiment and supportive global cues. The Nifty Microcap 250 jumped 12.10% in May, marking the strongest performance among major indices, while the…