The Indian market is trading weak on Monday, tracking subdued global cues after dismal economic data and lower-than-expected second-quarter results from Citigroup Inc. and Bank of America Corp. stoked fears over the pace of U.S. economic recovery.
IT, Realty, power and auto stocks are bearing the brunt of the selling, while public sector, capital goods, banking and metal stocks are trading firm.
After falling to a low of 17,856 earlier in the session, the 30-share Sensex has recouped most of its loss and is now at 17,928, down 28 points or 0.15% and the 50-share Nifty is declining by 8 points or 0.14% to 5,386.
However, the mid-cap and small-cap indexes on the BSE are up 0.30% and 0.45%, respectively. In the broader market, advancing shares are outpacing declining ones by 1368 to 887.
Balaji Telefilms (up 0.36%), Crompton Greaves (down 1.45%), HDFC Bank (up 0.95%), Sesa Goa (up 2.32%), Mindtree (down 1.14%) and Whirlpool of India (up 1.43%) are trading mixed head of their earnings announcements due today.
Everonn Education is plunging over 5% on reports that Nikhil Gandhi, promoter of Pipavav Shipyard, is eyeing a majority stake in the company.
Godrej Properties is up 2.14% on reports it may close a redevelopment deal in south Mumbai this quarter. Canara Bank is climbing nearly 7% after reporting an 82% rise in first-quarter earnings. Bafna Pharma is soaring 9% on reports of a takeover in the highly-regulated British market.
Tata Motors is losing 0.79% after it raised raised the price of its popular Nano model by 3 to 4 percent to offset a steep increase in input costs. Tata Steel is edging up 0.16% after it sold a 27.03% stake in Malaysian firm Southern Steel Berhad for $72 million.
Fortis Healthcare is down 0.42% on reports that it is readying funds for the acquisition of Singapore-based hospital chain Parkway Holdings. Rallis India is declining marginally despite reporting a 58% rise in quarterly net profit. Shiv-Vani Oil & Gas Exploration Services is gaining 0.64% after it closed a FCCB issue.
For comments and feedback contact: editorial@rttnews.com
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.