Indian shares gave up most of their early gains on Tuesday, as a little bit of volatility in European markets on concerns over the outlook for Spanish banks and the slide in rupee following three days of gains prompted investors to pare their long positions in late-session trading.
The benchmark 30-share ended the session up 22 points or 0.13 percent at 16,439, while the broader Nifty index added 4 points or 0.09 percent. IT, realty and metal stocks led the gainers, while FMCG, consumer durable and healthcare stocks came under selling pressure, capping the upside.
Elsewhere across Asia, key benchmark indexes in Australia, China, Hong Kong, South Korea and Taiwan rose 1-3 percent, as speculation that China may soon launch a stimulus program to boost domestic demand countered negative sentiment over Spain's deteriorating financial situation.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.