Indian shares erased early gains tracking mixed Asian cues. Sentiment has improved a bit after two senior U.S. central bankers said that the Fed is in no hurry to start winding down its bond-buying program and policymakers have flexibility to increase the pace of bond buying should the economy weaken again. Japan's Nikkei is up 1.1 percent, paring early gains, and the markets in China, Indonesia and South Korea are posting modest gains, while stocks elsewhere are subdued.
The benchmark 30-share Sensex is currently down 16 points or 0.08 percent at 19,658, with 16 of its components retreating. The broader Nifty index is at 5,962, down 5 points or 0.08 percent from its previous close.
Sun Pharma is leading the decliners in the Nifty pack with a 3 percent loss, while Tata Motors, SBI, Maruti Suzuki and BHEL are down 1-2 percent.
Wockhardt is tumbling 10 percent, extending the previous session's 20 percent plunge, after the U.S. Food and Drug Administration published an "import alert" on its Aurangabad unit.
Shares of Ranbaxy Laboratories are moving down half a percent. Former chairman Malvinder Singh rubbished allegations made by Daiichi Sankyo, saying the Japanese drug major was leveling baseless charges against him.
Hero MotoCorp is losing 0.9 percent after it fixed May 30 as the record date for ascertaining the names of the equity shareholders of Hero Investments to consider their entitlement for the purpose of issuance and allotment of equity shares in Hero MotoCorp.
Britannia Industries and Crompton Greaves are marginally lower ahead of their quarterly results today.
Tata Steel is rallying 4.5 percent after reporting Q4 results and saying it expects to take no further charges in Europe. Hindustan Copper is adding 2.6 percent after the company posted its highest ever profit after tax of Rs 355.64 crore for fiscal 2012-13.
Lupin is gaining 2.8 percent, while Cairn, BPCL and NTPC are up about 1.5 percent each. JSW Steel is gaining 0.8 percent even as it reported a sharp 62 percent decline in its fourth-quarter consolidated net profit on account of lower sales, higher interest and depreciation charges.
A global rout amid expectations that the Federal Reserve may reverse its ultra-easy monetary policy earlier than expected and SBI's disappointing Q4 results dragged benchmark indexes Sensex and the Nifty down about 2 percent each on Thursday.
For comments and feedback contact: editorial@rttnews.com
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.