The Indian market is trading weak in early trading Friday, taking cues from world markets on worries over the sustainability of global economic recovery. Investors also fear that the world leaders may favor tighter common financial regulations at the upcoming G20 summit.
The 30-share BSE Sensex is currently trading near the day's low at 17,623, down 107 points or 0.60% and the 50-share Nifty is falling by 35 points or 0.65% to 5,286. The BSE small-cap and mid-cap indexes are little changed. Sector-wise, IT, banking and metal stocks are bearing the brunt of the selling.
Suzlon Energy is edging up 0.69% on receiving a 48.3 MW order from a Chinese power producer. GMR Infrastructure is rising nearly 2% after its consortium with Malaysia Airports Holdings won the bid to build, operate, modernize and expand the Male International Airport in Maldives.
Zenith Birla is climbing nearly 16% after its board approved a 1:5 bonus issue. Zodiac Clothing Company is up marginally after it convened a board meet on July 6 to consider issuing bonus shares.
Birla Corporation is down 0.41% after the Calcutta High Court allowed the company to go ahead with its annual general meeting on June 29. State-run oil marketing companies like BPCL, HPCL and IOC are up about a percent each ahead of an empowered group of ministerial meeting today to decide on fuel prices.
HCL Technologies is down 0.40%, a day after its parent HCL Corp sold a 2.5% stake in the IT services company to fund the education initiatives of the Shiv Nadar Foundation. Hindustan Copper is up 0.55% on stake-sale reports.
Tata Teleservices is up around a percent after it said its incremental capital expenditure for extending the second-generation (2G) footprint and rolling out 3G services will be not more than Rs 1,000 crore.
Larsen & Toubro is losing 0.48% on reports it is restructuring its joint venture with Japan's Mitsubishi Heavy Industries. JSL is moving up by 0.15% after it informed that all the outstanding bondholders of 0.50% FCCBs have agreed to restructure the terms of the bonds, including extension of the maturity period to next 10 years from the restructuring date.
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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.