The Indian stock market opened on a flat note on April 29, with benchmark indices Sensex and Nifty trading marginally lower. The BSE Sensex was down by around 50 points, while the NSE Nifty slipped below the 22,000 mark in early trade. Market participants are closely watching global cues, with GIFT Nifty indicating a subdued start. US markets ended mixed overnight, with the Dow Jones gaining slightly, while the Nasdaq and S&P 500 closed in the red.
Key Factors Influencing Market Sentiment
Investors are cautious ahead of key economic data releases and corporate earnings. The ongoing geopolitical tensions and uncertainty over interest rate decisions by major central banks continue to weigh on sentiment. However, buying interest in select blue-chip stocks has provided some support to the indices.
Maruti Suzuki Shares in Focus
Maruti Suzuki India Ltd shares are in focus today after the company reported a strong rise in sales for the month of April. The automaker's domestic sales grew by 8% year-on-year, driven by robust demand for its compact and utility vehicles. Analysts expect the positive momentum to continue, with Maruti Suzuki likely to benefit from the upcoming festive season. The stock was trading with marginal gains in early trade.
Other stocks that are likely to remain active include banks, IT, and pharma companies, as investors track quarterly results. The broader market is expected to remain range-bound, with volatility likely to persist in the near term.
