The Indian market is subdued on Friday ahead of the release of factory output data for April due at around noon. Also weighing on sentiment to a certain extent, most Asian markets are trading lower this morning, notwithstanding a positive close on Wall Street overnight for the first time in over a week.
The benchmark 30-share Sensex is currently down 66 points or 0.36 percent at 18,318, while the broader Nifty index is down 24 points or 0.44 percent at 5,497. However, second-line stocks are rising modestly and the market breadth remains slightly positive.
ITC is down 1.8 percent on turning ex-dividend. Matuti Suzuki is down 1.5 percent, extending its recent losses. Hero Honda Motors is down a percent, Reliance Infrastructure is declining 0.9 percent, Reliance Industries is losing 0.8 percent, Bharti Airtel is down 0.6 percent and Tata Motors is losing half a percent.
GAIL is down marginally after the company indicated that it would spend $2 billion on acquisitions, including shale gas assets in the United States and Australia. TCS, Wipro, ONGC, Cipla, Larsen & Toubro and HDFC are posting modest gains.
Metal stocks such as Tata Steel and Sterlite Industries have pared early gains and slipped into the red, while Hindalco is rising 0.8 percent. Data released today showed that Chinese imports grew 28.4 percent year-on-year in May, compared to the 22 percent increase expected, easing concerns about slowing growth in the world's second largest economy. China's trade surplus, meanwhile, increased in the month, but remained below forecasts.
Glenmark Pharmaceuticals is up about 2 percent after it received the U.S. health regulator's approval for Mupirocin ointment. GCV Services is adding a percent after its board approved a five-for-one stock split. MindTree is gaining 0.7 percent after it unveiled a portfolio of its EtherMind Bluetooth 4.0 dual-mode solutions for in-car health applications.
Gujarat NRE Coke is rising 2 percent after it launched a foreign currency convertible bonds issue to raise up to $60 million. Bajaj Finance is adding a percent after it received board approval to raise funds via a qualified institutional share placement. Kolte Patil Developers is gaining 1.5 percent on fund raising reports.
Apollo Tyres is up 0.7 percent after the tyre manufacturer opened its first regional office for the Middle East in Dubai to boost exports. Harrisons Malayalam is up 0.8 percent on the buzz that it may announce an acquisition deal in Africa in three-to-four months.
The benchmark indexes Sensex and the Nifty ended a range-bound session flat below the unchanged line on Thursday, as lingering concerns about global growth and interest rate worries spooked investor confidence.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.