Indian shares are rallying, tracking firm Asian cues and as the rupee opened higher at 57.75 per dollar against Thursday's closing of 57.98/99 per dollar. Investors await wholesale price index-based inflation data for May slated for release later in the day to see if there is scope for the Reserve Bank of India to cut policy rates on June 17.
The benchmark BSE Sensex is currently up 223 points or 1.2 percent at 19,051, snapping a three-day losing streak. The broader Nifty index is at 5,771, up 72 points or 1.27 percent from its previous close.
Tata Motors is climbing 3 percent after its U.K.-based subsidiary, Jaguar Land Rover Automotive Plc., reported a 12 percent rise in May sales. PNB, Larsen & Toubro, HDFC, Reliance Infrastructure, DLF, Tata Steel, Tata Power, IDFC, and Jaiprakash Associates are up 2-3 percent.
Jet Airways is rallying 3.8 percent as it appointed Australian national Gary Kenneth Toomey as its new Chief Executive Officer following the resignation of Nikos Kardassis.
Godrej Properties is moving up 0.4 percent as it signed a development agreement with Southend Infrastructure to develop a plot of land measuring 5.15 acres at Okhla Phase I in Delhi.
MMTC is locked at the 10 percent lower circuit limit after its discounted share offering fully subscribed.
Wipro is losing 1.4 percent after the company said it has received a tax demand of Rs 816.4 crore for 2008-09 fiscal arising primarily due to denial of deduction on profits earned by its undertaking in the Software Technology Park at Bangalore. Rivals TCS and HCL Technologies are drifting lower amid the strengthening of rupee.
Hindustan Unilever is edging down 0.2 percent after its parent Anglo-Dutch consumer goods giant Unilever Plc received market regulator SEBI approval for its $5.4 billion voluntary open offer to increase stake in its Indian subsidiary.
Benchmark indexes Sensex and the Nifty fell over a percent each on Thursday, mirroring weak Asian and European cues amid growing concerns about central banks' stimulus policies.
For comments and feedback contact: editorial@rttnews.com
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.