The Indian market is trading extremely weak on Friday, as the European and U.S. markets declined between 2% and 3% overnight amid sovereign concerns in a few European nations such as Greece, Spain and Portugal, an unexpected increase in U.S jobless claims and a plunge in commodity prices.
After falling to as low as 15,790 thus far today, the benchmark Sensex has cut some of its early loss and is now trading at 15,903, down 321 points or 1.98% and the Nifty is at 4,747, down 2.03%.
The BSE mid-cap and the small-cap indexes are moving down by 2.60% and 2.74%, respectively, underperforming the frontline indexes.
Sector-wise, realty, metal, banking, consumer durable and auto stocks are bearing the brunt of the selling and the market breadth on the BSE is extremely negative, with 1935 decliners versus 302 gainers.
Among frontline stocks, Tata Steel, Jaiprakash Associates, ICICI Bank are down by more than 3% each, while Tata Motors, DLF, Hindalco, ONGC, BHEL, ACC, SBI, HDFC Bank, Hero Honda Motors, Mahindra & Mahindra, Sterlite Industries, Reliance Infrastructure and Larsen & Toubro are down between 2% and 3% each. Currently, all 30 Sensex stocks are trading in the red.
ACC (down 2.42%) and Ambuja Cement (down 2.14%) are trading weak after posting a fall in net profit during the quarter ended December. Mangalam Cement's board approved an investment of Rs 440 million for setting up 5 wind mills with a total capacity of 7.5 megawatts. The stock is moving down 1.91%.
Ranbaxy Laboratories is tumbling nearly 3% after the U.S. drug regulator directed the pharma company to immediately undertake a comprehensive assessment of its global manufacturing practices at its plants that make drugs for the U.S. market.
NTPC is edging down 0.96% after its ongoing follow-on public issue failed to attract interest interest. As per data available with the National Stock Exchange, the FPO issue was subscribed 80 percent till second day on Thursday.
GTL is rising 0.44% on reports it will raise Rs,1,400 crore via a non-convertible debentures issue. Ansal Housing & Construction said that it has launched a township project at Yamunanagar in Haryana. The stock is moving down 3.78%.
Sumeet Industries is rallying 4.53% after it bagged a Rs.20-crore export order for polyester chips from Egypt. Fortis Healthcare proposed to raise funds up to Rs.1,000 crore by issuing securities. The stock is declining by 2%.
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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.