The Indian market is little changed in early trading on Thursday amid subdued Asian cues and a spike in crude prices after OPEC failed to reach an agreement on raising oil output. Investors, meanwhile, await weekly food and fuel inflation data for direction.
The benchmark Sensex is currently trading off the day's high at 18,410, up about 0.1 percent from the previous close while the NSE Nifty index has slipped into the red. Second-line stocks are posting modest gains and the market breadth is slightly positive, with 1089 gainers versus 857 decliners on the BSE.
Reliance Communication is declining 1.2 percent on profit taking after rising sharply yesterday on talk of tower sale deal. Shares of state-run oil marketing companies such as BPCL, HPCL and IOC are moving down around 2 percent each after the government reportedly deferred a decision on the fuel price hike.
MTNL is down 2.3 percent and HCL Infosystems is slumping over 7 percent after allegations of irregularities in awarding work of broadcast networks. JSW steel is down 0.6 percent after the Sajjan Jindal-led company posted a modest 2 percent rise in crude steel production for May.
Jet Airways is down a percent after it applied to the government for traffic rights to rapidly expand into continental Europe. Asian Paints is moving down 0.7 percent on turning ex-dividend. Aptech is down 0.8 percent after it entered into a strategic tie-up with the United Nation Information Center.
KNR Constructions is rising 2.7 percent on bagging an order worth Rs.145.89 crore from Madhya Pradesh Road Development Corporation. HSIL is adding a percent after the company decided to acquire the entire 100 percent of the paid up capital of Garden Polymers as against an earlier plan to buy only 60 percent stake in the company
Infotech Enterprises is little changed after the company signed a pact with the Jawaharlal Nehru Technological University-Kakinada to create the curriculum of MTech course in aviation electronics.
The benchmark indexes Sensex and the Nifty ended down about half a percent each on Wednesday, as weak global cues prompted traders to take some profits following two sessions of gains.
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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.