The Indian market is showing a moderate gain in early trading on Tuesday on optimism about global economic recovery. However, stocks are moving in a choppy fashion due to mixed Asian cues. The market was shut on Friday and Monday for festival holidays.
Moving in a very tight range, the BSE Sensex is currently trading at 17,392, up 31 points or 0.18% and the S&P CNX Nifty is at 5,190, up 0.23%.
The BSE mid-cap index is moving up 0.70% and the small-cap index by 1.12%, outperforming frontline stocks. Sector-wise, consumer durables, power, public sector, metal and auto stocks are leading the gainers, while IT stocks are down notably.
In the Sensex pack, Reliance Infrastructure (up 2.05%), NTPC (up 2.04%), Hero Honda Motors (up 1.35%) and ICICI Bank (up 1.31%) are amongst the top gainers.
However, HDFC Bank, ONGC, Sun Pharma, Infosys, Grasim Industries, TCS, ITC, SBI, Wipro and DLF are trading in the red.
Metal giant Hindalco is up 0.48% and Sterlite Industries is rising by 0.31%, tracking firm base metal prices. NMDC is up nearly 3% on stake-sale reports.
In the telecom sector, Bharti Airtel is up 1.25%, Reliance Communication is gaining 0.74% and Idea Cellular is adding 0.69% amid reports that the auction of the 3G spectrum may be delayed by over a month.
Reliance Power is up over 5% after its Rosa Project commenced power generation. Sesa Goa is losing 2% after the government raised export duty on iron ore lumps to 10%.
Patels Airtemp is advancing 4.39% on receiving a Rs.32-million contract from M/s Korting Engineering. Shree Ashtavinayak Cine Vision is up 2.74% after its board approved a liberal 4:1 bonus issue.
Gammon India is tumbling over 8% on concerns related to Kota bridge collapse. Ranbaxy Laboratories is down 0.96% after its U.S unit received a FDA warning for manufacturing violations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.