Indian shares rose for a fourth straight session, driven by renewed FII buying. The benchmark 30-share BSE Sensex ended a choppy session up 39 points or 0.19 percent higher at 20,286, with 16 of its components advancing. The broader Nifty index rose 17 points or 0.28 percent to 6,187. Power, capital goods and realty stocks led the gainers, while consumer durable, healthcare, metal and oil/gas stocks ended on a downbeat note.
Sentiment improved late in the session amid reports global ratings agency Standard & Poor's has affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook.
ABB shares soared nearly 22 percent on a huge volume, while BHEL jumped 5 percent. JM Financial climbed 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.
Infrastructure stocks saw a late rally, helping lift stocks like NCC, Larsen & Toubro, Jaiprakash Associates and Pratibha Industries up 2-4 percent. Apollo Hospitals Enterprise rose 1.5 percent and GlaxoSmithkline Consumer Healthcare soared 5.8 percent ahead of their inclusion in MSCI India Index later this month.
Ambuja Cements rose 2.2 percent after the Competition Appellate Tribunal stayed a Rs 1,163 crore penalty imposed on it by fair trade regulator CCI for forming a cartel in the sector. The company has been directed to deposit 10 percent of the penalty within four weeks. Grasim Industries gained 1.4 percent and ACC ended 1.6 percent higher.
ITC closed down 0.8 percent even as the cigarette maker reported a 19 percent rise in quarterly profit, beating estimates. Mahindra Satyam lost 1.9 percent after the IT services firm reported a 15 percent fall in quarterly net profit. Kalpataru Power Transmission and Sun TV Network fell 2-4 percent on disappointing Q4 earnings.
Healthcare stocks lost ground after the government notified the long-pending drug price control order, paving the way for the implementation of National Pharmaceutical Pricing Policy. Dr Reddy's Laboratories fell 2 percent while Ranbaxy Laboratories lost a percent.
HPCL declined 1.8 percent after a major fire broke out at its Visakha refinery at Malkapuram on Thursday night. Titan Industries retreated 1.7 percent on reports it will open three new manufacturing facilities in Tamil Nadu this financial year.
On the global front, other Asian markets ended mostly higher despite concerns about the state of the U.S. economy and uncertainty over the prospects of the Fed winding down its bond-buying program. Trading volumes, however, remained thin due to holidays in Hong Kong and Seoul.
European stocks were higher, reversing early losses, even as data from Eurostat showed eurozone construction output continued its decline for the fifth month in a row in March. The dollar held firm near a 10-month against the other major currencies, keeping commodity prices in check.
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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.