Flat Open; IT Leads, Cyient DLM Hits Record

Markets opened flat today after Tuesday’s big rally. The Nifty opened at 22,715.75 (down 6 points) and the Sensex at 73,049.76 (up 16 points), against Tuesday’s closes of 22,721.95 and 73,033.78. By about 10 AM both indices were trading in a narrow range, with the Sensex down roughly 100 points and the Nifty near 22,700. Brent crude near $106 and the US 10-year yield around 5.2% are keeping sentiment cautious, and analysts said Tuesday’s rally was largely short-covering. IT is still the strongest sector. Nifty IT rose more than 1% at the open and was the top sector, with IT stocks the main Sensex gainers.

is the stock to note. It hit a record high of ₹1,043.45 today, its third straight gain, and is up about 294% from its March 30 low of ₹264.95. Its results back the move. In Q1 FY27 profit rose 119% to ₹16.3 crore (from a small base) on revenue of ₹373.8 crore (up 34.3%), with a record order book of about ₹2,599 crore. It is expanding from aerospace and defence into data centres and robotics. Early laggards were Shriram Finance, Bajaj Finance and BSE. PSU banks were the weakest sector, and consumer durables fell about 0.7%. Midcaps and smallcaps were slightly lower. Q2 results today include BHEL, Canara Bank, HDB Financial, ICICI Lombard, Tata Technologies and Groww, which could move individual stocks.