Indian shares fell on Thursday, tracking weak Asian cues as the Japanese yen hit a 10-week high against the U.S. dollar and the World Bank cut its global growth estimate for this year, citing the downturn in the Eurozone and a slowdown in major emerging economies.
A move by Fitch to upgrade India's rating outlook failed to enthuse investors as the rupee weakened in opening trading, adding to imported inflation pressures.
Trading off their day's lows, the benchmark BSE Sensex is currently down 0.74 percent at 18,890. The broader Nifty index is at 5,723, down 0.65 percent from its previous close. Elsewhere, the benchmark indexes in China, Hong Kong and Japan are down 3-4 percent.
Auto, FMCG, realty, healthcare and IT stocks are losing ground, while consumer durable stocks are rising after sharp losses the day before. Titan Industries is climbing 4.7 percent following recent sharp losses.
Apollo Tyres is plunging 17 percent as it agreed to acquire U.S.-based Cooper Tire & Rubber Company in an all-cash transaction for around Rs 14,500 crore.
Sun Pharma is tumbling 2.6 percent on settling its ongoing litigation in the U.S. District Court regarding its U.S. subsidiary's generic drug pantoprazole. Maruti Suzuki India is declining 1.7 percent after it launched an exchange program with special discounts and offers.
Cement stocks like Ambuja Cement, ACC and UltraTech are down less than a percent each after the Supreme Court declined to interfere with the Competition Appellate Tribunal order directing cement manufacturers to pay 10 percent of the total Rs.6, 300 crore penalty imposed on them.
MMTC is locked at the 10 percent lower circuit limit after the government fixed the floor price at Rs. 60 a share for divesting a 9.33 percent stake in the company through an offer for sale today.
Indraprastha Gas is moving up 0.7 percent after it signed a share purchase agreement to buy a 50 percent stake in Central U.P. Gas.
Indian shares joined a global selloff in equities and commodities to end modestly lower on Wednesday. The benchmark Sensex dropped 1.2 points or 0.53 percent to 19,041, while the broader Nifty index ended the session down 29 points or 0.49 percent at 5.760.
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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.