Indian shares are little changed on Friday, as investors paused for breath following three days of successive gains. Other Asian markets are trading mostly higher despite fresh concerns about the state of the U.S. economy. Benchmark indexes in New Zealand and Singapore are subdued, while stocks elsewhere are posting modest gains. The markets in Hong Kong and South Korea are closed for holidays.
Closer home, the benchmark BSE Sensex is currently down 14 points or 0.07 percent at 20,233, while the broader Nifty index is at 6,162, down 8 points or 0.13 percent from its previous close.
Healthcare stocks are subdued after the government notified the long-pending drug price control order, paving the way for the implementation of National Pharmaceutical Pricing Policy. Ranbaxy is declining 1.9 percent, Dr Reddy's Laboratories is losing 1.5 percent and Sun Pharma is down half a percent.
Reliance Capital is losing 0.8 percent on reporting over 19 percent decline in quarterly net profit due to lower income from operations. SAIL is down 0.2 percent after the government allowed the steelmaker and RINL to directly charter ships for importing coal without going through the centralized chartering organization.
ICICI Bank is moving down 0.2 percent after the private sector lender said it has repatriated around Rs 400 crore capital from its wholly-owned banking subsidiary in Canada. GSFC is tumbling over 3 percent on disappointing results.
Oriental Bank of Commerce is edging up marginally as it cut fixed deposit rates by up to 1 percent on select maturities with effect from Thursday. ITC is rising half a percent ahead of its fourth-quarter results due out today.
JM Financial is climbing 13 percent after its board approved issue of 11.65 million warrants to former chief executive officer of Citigroup Inc. Vikram Pandit and Hari Aiyar on a preferential basis.
Cadila Healthcare is gaining 0.6 percent as it launched a migraine drug in the American market upon receiving the final approval from the U.S. FDA. Mahindra Satyam is moving up 0.6 percent after the IT services firm declared a 30 percent dividend to symbolize the company's complete turnaround over the last four years.
Benchmark indexes Sensex and the Nifty closed up 0.2 percent and 0.4 percent, respectively on Thursday after hitting 30-month highs early in the session.
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Business News
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.