After pausing for breadth in the past two sessions for profit taking, the Indian market is trading sharply higher on Wednesday on the back of strong global cues amid growing speculation that the U.S Federal Reserve will take additional steps to bolster the economy.
Realty, metal, consumer durable, capital goods, healthcare and auto stocks are among the prominent gainers.
Among heavyweights, DLF, Mahindra & Mahindra, Tata Motors, ITC, Hero Honda Motors, Tata Steel, HDFC Bank, Larsen & Toubro, Reliance Industries, Wipro, Sterlite, Hindalco and Jaiprakash Associates are rising between 1% and 3%.
The 30-share Sensex is now at 20,584, up 176 points or 0.86% and the broader Nifty is gaining 58 points or 0.94%. The BSE small-cap and mid-cap indexes are up over a percent each, and in the broader market, the breadth is positive, with 1830 gainers versus 485 decliners.
Eros International Media is trading at Rs.186 on its debut, a 6.3% premium compared to its initial public offering price of Rs.175 per share. Career Point Infosystems is at Rs.525 on listing, up 69% over its IPO price of Rs.310 per share.
Indian Oil Corp is edging down marginally on fund-raising reports. Shipping Corp. of India is rallying 3% after the government approved sale of 10% equity in the Navratna shipping company.
Tata Motors is gaining a percent after it announced open sales of its iconic small car Nano in some of the major states. Apollo Hospitals Enterprise (up 3.21%) and Opto Circuits (up 1.34%) are firm on brokerage upgrades.
ICICI Bank is rising 0.85% and HDFC Bank is adding 1.27% after they hiked their base rates. Andhra Bank is up 0.91% after it raised its benchmark prime lending rate by 25 basis points to 12.75% per annum.
IDBI Bank is edging up 0.53% after it tied up with U.S.-headquartered World Resources Institute, one of the world's top environmental research institutes, for providing consultancy services to its borrowers on energy cost reduction.
Mahindra Satyam is declining 0.29% after the income Tax Department reportedly demanded Rs. 570 crore from the company for illegally claiming tax credit on fictitious income between 2003-04 and 2008-09.
Godrej Properties is advancing 1.83% after it signed a pact with Bombay Footwear to develop a plot of land ad-measuring 5442.10 square metres located at Chembur in Mumbai.
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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.