The Indian market may turn volatile on Thursday, as traders rollover their positions in the derivatives segment from July series to the August series on the last day of F&O expiry today. On the earnings front, Bank of Baroda, GE Shipping, HCL Tech, ONGC, NHPC, Siemens and Hero Honda are among the companies that are set to unveil their quarterly earnings today.
Wall Street cues remain tepid, crude oil futures are trading weak for a second straight session, weighed by a surprise build in crude oil inventories and downbeat economic data and the euro is little changed against the U.S. dollar, while the U.S. index futures are fluctuating.
Asian stocks are trading mixed on concerns the global economic recovery is slowing after the Fed's Beige Book business survey revealed that U.S. economic growth slowed in some areas over the past two months.
Elsewhere, the Reserve Bank of New Zealand on Thursday raised its Official Cash Rate by 0.25 percentage points to 3% after a similar increase last month. The central bank said that the pace and extent of further increases is likely to be moderate than was projected in the June statement.
On Wall Street, stocks posted notable losses on Wednesday, as the Federal Reserve's Beige Book showed some signs of a stalling economic recovery and the Commerce Department reported an unexpected drop in durable goods orders.
However, the major averages moved well off their worst levels of the day going into the close. The Dow fell 0.38%, the Nasdaq declined a little over a percent and the S&P 500 eased 0.69%.
The Indian ADRs closed on a mixed note. Infosys, Sterlite Industries, ICICI Bank and Wipro slipped, while MTNL rose over 2% and Reddy's Laboratories, Mahindra Satyam and HDFC Bank gained about a percent each.
Crude oil prices declined for a second day on Wednesday, weighed down by an unexpected increase in U.S. crude inventories and a drop in orders for durable goods. Light, sweet crude for September delivery settled lower by $0.51 at $76.99 a barrel on the New York Mercantile Exchange.
The Indian stock market fell notably on Wednesday, as heavyweights such as Reliance Industries and ICICI Bank came under selling selling pressure. After flip-flopping till the mid-session, the 30-share Sensex fell sharply in the afternoon before ending down 120 points or 0.67% below the crucial 18,000 mark, while the 50-share Nifty fell by 33 points or 0.61% to 5,398.
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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.