The Indian market is edging lower on Wednesday, tracking cues from weak global markets amid renewed concerns about the health of the eurozone banks. Metal, banking, realty, IT and telecom stocks are bearing the brunt of the selling, while healthcare, consumer durable and auto stocks are seeing selective buying.
Among individual stocks, Tata Steel, NTPC, Bharti Airtel, HDFC, ICICI Bank, Hindalco, SBI, Sterlite , TCS and DLF are among the prominent decliners. The 30-share BSE Sensex is currently down 78 points or 0.42% at 18,566, while the 50-share Nifty is falling by 24 points or 0.44% to 5,580. However, second-line stocks are posting modest gains.
Cement stocks are trading mixed after a rally in the previous session. Madras Cement is down 0.21%, Prism Cement is edging down 0.87% and India Cements is down 1.76%, while Ambuja Cement and ACC are moving up over a percent each.
KEC International is rising 1.59% on reports that it is eyeing more acquisitions in the U.S. Maruti Suzuki is up 1.44% after it lined up a Rs 1925-crore investment plan. HDFC is down 0.87% after it relaunched its dual-rate housing loan scheme for new customers. Karur Vysya Bank is declining 1.29% after it fixed September 18 as the record date for a 2:5 bonus issue.
Sun Pharmaceutical Industries is climbing over 3% after it received a favorable verdict from the Supreme Court of Israel in a case against Taro Pharma. Ashok Leyland is adding 1.28% after it proposed to raise up to Rs. 600-crore in long-term debt to fund its capex plans. Media stocks such as Zee News (up 2.52%) and Raj TV (up 7.09%) are in demand.
SpiceJet is gaining 1.58% after it commenced its international operations. Gammon Infrastructure Projects is rallying 3% after it achieved financial closure for a highway project in Bihar. Tata Steel is in talks with some buyers to sell its South African unit, reports suggest. The stock is moving down 1.30%.
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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.