The Indian stock markets are expected to begin May positively, following an 8% gain in April. Over the past decade, Nifty has ended in the green in 6 out of 10 years during May, buoyed by domestic institutional investor (DII) support and favorable trends from foreign institutional investors (FIIs). Historical data reveals that while May has exhibited a mildly positive trend, it has also experienced volatility, with strong returns in years like 2021 (6.5%) and 2016 (3.95%). However, declines were noted in 2020 (-2.84%) due to pandemic uncertainties and in 2022 (-3.03%) amid global tightening concerns. The FII flows have been inconsistent, swinging between significant inflows and outflows, largely influenced by external factors such as global liquidity and interest rate cycles. The overall outlook for May remains cautiously optimistic, with expectations of continued DII support.