The Indian market is moving sideways as investors remain cautious ahead of the RBI policy announcement scheduled to be released around noon today. After paring some initial gain, the 30-share BSE Sensex is currently at 18,047, up 26 points or 0.15%, while the 50-share Nifty is rising marginally.
In the broader market, advancing shares are outpacing declining ones by 1214 to 910. Auto, IT, metal, telecom and FMCG stocks are up modestly, while capital goods and realty stocks are coming under selling pressure.
Among the top gainers, TCS, Hindustan Unilever, Tata Motors, Maruti Suzuki and Hero Honda Motors are rising by 1%-4%. On the flip side, Larsen & Toubro, NTPC, DLF, HDFC, ICICI Bank, Jindal Steel, BHEL and Tata Power are trading in red.
Ashok Leyland (up 1.88%), HCL Technologies (up 0.30%), Reliance Industries (up 0.44%), Patni Computer Systems (up 0.13%) and Hindustan Unilever (up 0.96%) are trading firm, while Larsen & Toubro is declining 2.45%. These companies are scheduled to release their earnings later today. Maruti Suzuki is up 1.04% after plunging 12% yesterday.
Tech Mahindra is tumbling 3.73% after it posted a modest 10% rise in quarterly consolidated net profit. Dena Bank is down modestly after reporting a 20% rise in quarterly net profit. Union Bank of India is declining 1.42% after it posted 36% year-over-year growth in June-quarter net profit.
Engineers India is down 1.69%, extending a 6% loss yesterday after the government fixed its follow-on public offering price at a discount to its current market price. NTPC , which posted a 16% decline in its first-quarter net profit, is moving down 1.24%.
Hero Honda Motors is gaining nearly 4% after its Japanese parent Honda Motor Co denied stake sale reports. JSW Steel is adding 1.18% on reports Japan's JFE Holdings is close to buying a stake in the company. Essar Oil is losing 1.68% after it swung to a Rs.70-crore loss in the first quarter.
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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.