Thursday, the Indian market is showing volatility amid a mixed trend in the global markets. Metal stocks are receiving good support, while realty, auto and banking shares are coming under selling pressure. The small-cap and the mid-cap indexes are showing marginal gains. Traders await inflation data scheduled to be released this afternoon.
The BSE Sensex is now trading at 9,163, down 38 points or 0.42%, while the S&P CNX Nifty is trading at 2,795, down 0.28%.
On the BSE, the market breadth is negative, with 686 decliners compared to 633 stocks that are gaining.
Among the major gainers, Tata Steel is surging up 3.82%, Hindalco Industries is rising 1.47%, Hindustan Unilever is adding 1.05% and Reliance Infrastructure is up 0.84%.
ONGC, ITC, Ranbaxy Laboratories, Wipro, Bharti Airtel, Grasim Industries, ICICI bank, Infosys BHEL, NTPC, ACC, Tata Power and Reliance Communication are the other prominent gainers.
However, Mahindra & Mahindra, Tata Motors, Sterlite Industries, DLF, State Bank of India and Jaiprakash Associates are trading sharply lower.
Gammon India is down 1.0% on its disclosure that Devyani Estate & Properties, a part of the promoter group, pledged around 60 lakh shares with India Infoline Investment.
Ispat Industries is surging up 8.26% following reports that IDBI Bank, ICICI Bank, UTI and IFCI have allowed the company defer its payment of Rs.586 crore for 18 months.
Cairn India is rising 0.93% on reports that the company would more than double its investments in Rajasthan. Mahanagar Telephone Nigam (MTNL) is adding nearly 2.0% after it commercially launched third-generation (3G) services on Thursday.
Gujarat State Petronet is gaining around 2.0% after Citigroup raised its rating on the stock to "buy" from "hold." Tata Motors is losing 2.77% on reports that it owes around Rs.1200 crore in unpaid dues to its suppliers and vendors.
Ashok Leyland is adding 1.86% despite reporting a 73% year-over-year drop in its vehicle sales in January.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.