The Indian market is moving sideways in early trading on Wednesday because of profit taking following five consecutive sessions of strong gains. Lackluster global cues are also weighing on sentiment.
After falling into the red for a brief period, the benchmark Sensex is now trading in positive territory at 17,409, up 7 points, while the S&P CNX Nifty is at 5,187, down 0.02%. On the other hand, the BSE mid-cap index is moving up 0.53% and the small-cap index by 0.82%, outperforming the frontline indexes.
In the Sensex pack, Hero Honda Motors (down 1.64%), Hindalco Industries (down 1.36%), Sun Pharma (down 1.17%), NTPC (down 1.01%), HDFC Bank (down 0.82%), HDFC (down 0.80%) and Tata Steel (down 0.75%) are amongst the major decliners.
On the flip side, ACC, Infosys, Bharti Airtel, Grasim Industries, Wipro, TCS and ICICI Bank are posting notable gains.
Copper producer Sterlite Industries is up 0.17%, tracking firm copper prices. State-run BHEL is losing 0.14% amid reports it is in talks with China's Tebian Electric Apparatus Stock Co to jointly manufacture equipment in India
Tata Motors's Sanand plant in Gujarat has commenced trail production of the first batch of the Nano, reports said. The stock is down 0.13%.
Kingfisher Airlines is up 0.16% on reports it is raising $400 million to retire its debts. ONGC is losing 0.44% on reports it has struck a new gas well in the northeastern state of Tripura.
GTL Infrastructure is declining 0.68% on speculation it may buy Aircel's telecom towers. Titagarh Wagons is gaining 3.78% after it fixed January 09 as the record date for the merger of Titagarh Steels with itself.
Man Industries is rising 2.39% after it repurchased zero coupon foreign currency convertible bonds worth $0.5 million of face value, listed on the Singapore Exchange Securities Trading.
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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.