After a weak opening, the Indian market is trading firm on Tuesday following a sharp decline in the price of oil in New York trading on Monday. However, the market is showing volatility amid alternate bouts of buying and selling. Traders are cautious ahead of the U.S. Federal Reserve's Interest rate meeting on Tuesday.
After opening at 14,563, the Sensex has since then recouped its losses and is currently trading firm at 14,626, up 48 points or 0.33% over the previous close. Meanwhile, the S&P CNX Nifty is trading at 4,406, up 0.25%.
On the BSE, the mid-cap index (up 1.28%), the small-cap index (up 0.94%) and the broad-based BSE 500 index (up 0.68%) are outperforming the benchmark indexes. The market breadth is positive, with 1144 stocks advancing compared to 365 stocks that are declining. Metal, IT and technology stocks are declining, while consumer durables, banking, realty and public sector companies are among the major gainers.
HDFC Bank (up 2.35%), Ranbaxy Laboratories (up 1.58%), Jaiprakash Associates (up 1.55%), Reliance Infrastructure (up 0.94%), Grasim Industries (up 0.88%), BHEL (up 0.82%) and TATA Motors (up 0.82%) are among the major gainers. Meanwhile, Sterlite Industries, Tata Steel, Infosys Technologies, Wipro, Reliance, ICICI Bank and Hindustan Unilever are declining.
Metal companies are declining following weakness in metal prices on LME. The barometer for metal stocks, the metal index is trading down 1.67%. Oil marketing companies - HPCL, BPCL and IOC are trading higher following a sharp decline in the price of oil in New York trading on Monday.
IT stocks (IT Index down 0.69%) are trading weak after their ADRs declined sharply overnight. Reliance Infra (up 0.99%) and Reliance Power (up 1.17%) are trading higher over reports that Reliance group is contemplating investments in nuclear sector. ORG Informatics is up 14.10% after the company secured order worth Rs.78.06 crore.
Gitanjali Gems is trading up 1.39% after its board of directors approved a proposal for consolidating the company's Indian businesses. Ranbaxy Laboratories is trading up 1.72% after Daiichi received approval from SEBI for its open offer to Ranbaxy shareholders.
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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.