The Indian market is trading sharply higher in early trading on Monday, led by positive global cues. Investors seem to be shrugging off a report on inflation released over the weekend, which showed that the wholesale price index calculated on a monthly basis, rose sharply to 1.34 percent in October from 0.5% a month earlier due to surging food prices.
The BSE Sensex opened higher at 16,893 and has been advancing since then. Currently, the index is hovering near the day's high at 17,047, up 198 points or 1.18% and the S&P CNX Nifty is trading at 5,058, up 1.18%.
The BSE mid-cap cap index is moving up 1.35% and the small-cap index by 1.41%. The market breadth on the BSE is extremely positive, with 1520 gainers versus 470 decliners. Sector-wise, realty, metal and auto stocks are leading the gainers.
Among the top gainers, Maruti Suzuki, DLF, SBI and Sterlite Industries are up around 3% each. Hindalco Industries, Tata Motors, Tata Steel, Mahindra & Mahindra, ICICI Bank, ACC, Reliance Infrastructure, Jaiprakash Associates and Larsen & Toubro are the other prominent gainers.
On the flip side, outsourcer TCS, Wipro and Infosys are trading in the red amid reports the European Union will introduce a new value-added tax on services delivered from non-EU nations such as India starting January 1.
Tata Motors is rising over 2% on reports its Jaguar Land Rover unit has tied up a $250-million working capital facility from GE Capital. Sterlite Industries is up nearly 3% on reports a district court in Texas has issued a ruling in favor of Mexican mining conglomerate Grupo Mexico SAB to regain control of U.S copper miner Asarco LLC.
Andrew Yule is advancing over 4% on reports will invite financial bids for selling its 15% stake in Dishergarh Power Supply Company on November 20.
NTPC is up a modest 0.49% on reports it will launch its follow-on public offering by February. NIIT is up 2.72% after it opened a not-for-profit technology university.
ONGC is up 0.97% on reports the ministry of petroleum and natural gas has proposed a 33 percent hike in the price of natural gas being sold under administered price mechanism.
Aban Offshore is gaining 3.41% after it opened a share sale to institutions to raise up to Rs.1,000 crore. PVR is up 4.79% after it acquired DLF Group's DT Cinemas in a cash-and-stock deal. .
Bharat Petroleum is showing a modest gain after Oman Oil Company signed an agreement with the company to make additional investment in Bharat Oman Refineries, a BPCL-Oman joint venture company.
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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.