Indian shares were moving higher in early trade on Wednesday despite weak cues from global markets.
Global sentiment remains fragile after the U.S. military launched fresh strikes against Iran in response to the downing of a U.S. Army Apache helicopter off the Oman coast, escalating tensions in the region.
Traders also shifted focus to upcoming U.S. CPI data for valuable insights into market expectations for future interest rates.
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Market Analysis
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.