The Indian market rose after a tepid start Tuesday, with realty, healthcare and oil/gas stocks leading the gainers, as a slide in crude prices for the third straight day eased inflation-related worries. Crude futures are down 55 cents at $98.46 a barrel in Asian trading Tuesday on speculation that OPEC may raise crude supplies despite faltering energy demand.
The other Asian markets are trading mixed ahead of the Federal Reserve Chairman Ben Bernanke's speech on the U.S. economy later in the global day.
The benchmark 30-share Sensex is currently up 26 points or 0.14 percent at 18,446, while the broader Nifty index is gaining 6 points or 0.10 percent. The BSE mid-cap and small-cap indexes are up about half a percent each and the market breadth is fairly positive, with gainers outpacing declining shares in the ratio of 2:1 on the BSE.
Among the prominent gainers, DLF, Mahindra & Mahindra, Jaiprakash Associates, Reliance Infrastructure and Cipla are rising about a percent each. Infosys Technologies is gaining half a percent after it partnered with Jordan-based The Housing Bank for Trade and Finance to provide core banking solution to drive the bank's innovation and customer experience-led growth agenda.
Among those that are declining, Maruti Suzuki is down 0.8 percent as a strike at Manesar plant disrupted production. Tata Power is declining 0.8 percent, HDFC is down 0.7 percent, Hero Honda Motors is down 0.6 percent and NTPC is losing half a percent.
Stocks on the Move
Dr Reddy's Laboratories is adding half a percent after it launched three generic products in the U.S. market. Adani Power is gaining 2.1 percent after the thermal power producer commissioned its second super-critical unit of 660 megawatt at its Mundra (Kutch) plant. DJS Stock & Shares is climbing 6 percent after its board approved a 10-for-1 stock split.
Ambuja Cements is up 0.6 percent after it bought an 85 percent stake in Nepal's Dang Cement Industries for a consideration of Rs.19.13 crore. Niraj Cement Structurals is gaining 2.6 percent on bagging a road project worth Rs 65.76 crore from Goa State Infrastructure Development Corporation.
ARSS Infrastructure Projects is adding 2.4 percent on securing two work orders worth Rs.207.46 crore from Madhya Pradesh Road Development Corporation. Atlanta is up over three percent on winning an order worth Rs.118 crore to widen and reconstruct roads in Madhya Pradesh.
Allahabad Bank is down half a percent after the state-run lender revised interest rates on domestic term deposits. Standard Chartered IDR is little changed after plunging 18 percent in the previous session.
The benchmark indexes Sensex and the Nifty erased early losses to end about 0.3 percent higher on Monday, helped by some fag-end buying in IT, healthcare and banking stocks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.