Stock Market LIVE: Sensex, Nifty Flat, Bharti Airtel, Maruti, RIL in Focus

Morning traders! The Indian stock market opened the day on a flat note, with both the Sensex and Nifty hovering around their previous day’s closing levels. As of 9:30 AM IST, the Sensex was up a mere 0.04% at 61,917.35 points, while the Nifty was trading 0.02% higher at 18,281.60 points.

Let’s dive into the key movers and shakers:

• Bharti Airtel: The telecom giant is attracting attention after reporting a stronger-than-expected Q1 FY24 performance, with net profit surging 137.5% year-on-year to ₹2,007 crore.

• Maruti Suzuki: The leading car manufacturer is under the spotlight following its better-than-expected Q1 FY24 results. Net profit jumped 38% year-on-year to ₹2,538 crore, driven by robust sales and improved margins.

• Reliance Industries: The energy and petrochemicals giant is on investors’ radar as its upcoming AGM (Annual General Meeting) is expected to unveil key plans and initiatives, potentially impacting stock movement.

Looking at the broader market landscape:

• Metals: The metal sector is showing some strength, with the Nifty Metal index trading 0.3% higher, driven by positive global cues.

• IT: The IT sector is under pressure, with the Nifty IT index dipping 0.2%, reflecting concerns about slowing global growth and potential margin pressures.

While the market is currently trading flat, the day’s trading session could see some volatility as investors react to company earnings, global developments, and the upcoming AGM announcements.

Stay tuned for further updates and market analysis throughout the day!