Indian shares are marginally lower in early trading despite firm Asian cues. The Indian rupee opened weak at 57.70 per dollar against Friday's close of 57.51 as investors await the Reserve Bank of India's rate decision at 11 am, with most analysts expecting the central bank to hold rates steady.
The benchmark Sensex and the Nifty are currently down about 0.1 percent each, with rate-sensitive realty and banking stocks bearing the brunt of the selling.
Jet Airways is plunging over 8 percent after the FIPB deferred the proposal of the Abu Dhabi-based Etihad Airways to acquire a 24 percent stake in the company.
Maruti Suzuki India is edging down 0.2 percent after launching the CNG variant of its multi-purpose van Ertiga, the Ertiga Green, in two variants. Tata Motors is declining 1.2 percent on posting a 17 percent fall in group global wholesales for May.
CRISIL is down 1.2 percent after influential investor Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala offloaded 4 lakh shares of the company via a block deal on the NSE Friday. Tech Mahindra is moving down 0.6 percent as it appointed Milind Kulkarni as new Chief Financial Officer of the company.
Infosys is rising 0.9 percent after co-founder N R Narayana Murthy said the task of rebuilding a "desirable" Infosys would take at least 36 months. Rival TCS is edging up 0.1 percent and HCL Technologies is adding 0.2 percent.
Mahindra & Mahindra is gaining 2.1 percent after it signed a global alliance agreement with Spanish auto components maker CIE Automotive.
Benchmark indexes Sensex and the Nifty fell over a percent each last week, as a declining rupee and weak global cues on apprehensions about the Federal Reserve's future policy stance prompted some foreign institutional investors to offload stocks.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.