India's equity benchmarks set for third straight monthly gains

India's Nifty 50 .NSEI and Sensex .BSESN down 0.4% each on the day, but on course to rise for third consecutive month

Nifty up 1.6% so far in May, while Sensex adds 1.3% in the month on sustained foreign flows and sequential improvement in earnings momentum, even as global trade uncertainty continues to weigh

Information technology .NIFTYIT down ~1% on the day after an appeals court in U.S. temporarily reinstated President Donald Trump's tariffs

A U.S. trade court had blocked the duties on Wednesday, citing presidential overreach, fuelled a 0.8% jump in IT index

Bajaj Auto BAJA.NS down 2.5%, biggest pct loser on Nifty 50, after it warns that further delays in securing rare earth magnets supply from China could "seriously impact" electric vehicle production by July

Broader mid-cap .NIFMDCP100 and small-caps .NIFSMCP100 little changed

Market awaits domestic GDP data, scheduled for release after market hours, for further directional triggers