The Indian market is up modestly on Tuesday, with rate-sensitive realty and banking stocks leading the gainers, tracking firm Asian cues after a string of news on Monday eased investor concern about global economic growth.
ICICI Bank, Jaiprakash Associates, DLF, Bharti Airtel, Reliance Industries,SBI, Maruti Suzuki, Hero Honda Motors and ONGC are leading the gainers, while ACC, Reliance Communication, Infosys, Larsen & Toubro, TCS, Mahindra & Mahindra, Hindalco and HDFC are trading in the red.
Trading in a narrow range, the 30-share BSE Sensex is currently at 18,115, up 34 points or 0.19% and the 50-share Nifty is rising by 10 points or 0.19% to 5,442. The BSE mid-cap and small-cap indexes are up about half a percent each, and in the broader market, gaining shares are outpacing declining ones by 1456 to 831 shares.
Jaiprakash Associates is up 1.69% on posting a 60% rise in July cement shipments. Maruti Suzuki is edging up 0.52% after announcing a price hike. Hero Honda Motors is gaining 0.43% after its July vehicle sales rose nearly 17% year-over-year.
Hindalco is losing 0.46% and Punj Lloyd is declining 1.36%, while NDTV is up 0.53% ahead of their earnings announcements due today. SBI is rising 0.85% after the Lok Sabha approved a bill that will allow the government to reduce its stake in the state-run lender to 51% from 55%.
Ramco Systems is adding 1.14% after its board approved raising further capital for an amount not exceeding Rs. 40 cr via a rights issue. Sakthi Finance is up over 4% after it convened a board meet on August 5 to consider a rights issue.
Nestle India is up marginally on posting a 20% rise in its second-quarter net profit. NMDC is up 2.42% after its June-quarter profit nearly doubled to Rs 1504.04 crore versus Rs. 773.75 crore in the year-ago period. GAIL India is up around half a percent after the gas-transmission and marketing company reported a 35% rise in first-quarterly net profit.
Larsen & Toubro, which said yesterday that it had bagged a Rs.6,500-crore power plant order from the Jaiprakash Group, is edging down 0.58%. India Cements (down 1.38%) and Madras Cements (down 0.55%) are trading weak on reporting disappointing quarterly results.
Bilcare is advancing nearly 3% after it proposed to buy the plastic film-making unit of petrochemical company INEOS for Rs.607 crore. McLeod Russel is rising 1.45% on reports that it is setting up a tea blending unit at Dubai.
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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.