Modest gains across Asian and European markets and positive news flow on the first-quarter advance tax payments by top blue-chip companies helped the Indian market end higher for a fifth consecutive session on Tuesday. However, the underlying mood remained cautious owing to uncertainty over the eurozone after rating agency Moody's cut Greece's debt rating to junk status.
After moving choppily in a range of 17,442- 17,249, the 30-share BSE Sensex closed up 75 points or 0.43% at 17,413, while the 50-share Nifty rose by 25 points or 0.47% to 5,222. The BSE mid-cap index gained 0.38% and the small-cap index advanced 0.85%. Gainers outnumbered decliners by 1636 to 1170 shares on the BSE.
Software exporter TCS fell about 2% on going ex-dividend. Infosys also slipped 0.41% after gaining sharply in the previous session, while Wipro rose a little over a percent. Mahindra Satyam lost about 2% after it sought more time till September 30 to complete the restatement of Satyam accounts.
In the metal pack, Sterlite Industries, which has offered to issue bonus shares, advanced 3.41%. Hindustan Zinc, SAIL, Hindalco, Jindal Steel, Tata Steel, NMDC and Sterlite Industries rose between 0.7% and 3.5%, helped by firmer base metal prices.
State-run trading firm MMTC soared 21% after it convened a board meet on June 29 to consider a stock split and a bonus issue. Hindustan Copper climbed 9% after the government approved a 10% stake sale in the company.
Sugar stocks such as Bajaj Hindusthan, Dhampur and Shree Renuka rallied over 3% each after the government hiked levy on sugar prices for the ongoing October-September season by around Rs. 4/kg.
BOC India hit the 20% upper circuit limit after its overseas parent proposed to delist BOC shares from the Indian stock exchanges. Other MNC stocks such as Atlas Copco (up 4%), Alfa Laval (up 5.22%) and Foseco India ( up 5.82%) also rallied.
Reliance Communications jumped over 4% after it decided to restructure ownership of its tower arm Reliance Infratel through a demerger or other options. Bharti Airtel, which added 3 million subscribers in May, closed unchanged with a negative bias.
Maruti Suzuki shed about a percent on reports it is targeting new export markets. Tata Motors slipped marginally, Ashok Leyland shed 0.32% and Mahindra & Mahindra lost 0.80%, while two-wheeler manufacturers Hero Honda Motors and Bajaj Auto closed in positive territory.
Banking stocks closed mixed after rising in recent sessions. SBI rose 0.82% and ICICI Bank gained 0.32%, while HDFC Bank ended down 0.62%. Engineering & construction giant Larsen & Toubro closed up 1.22% after striking a fresh 52-week high earlier in the session.
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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.