Economy
Sensex and Nifty Trade Flat as HUL Profit Misses Estimates
NDTV Profit1h
THE BRIEF
1
Indian benchmark indices, Sensex and Nifty, remained subdued today as investors reacted to Hindustan Unilever's (HUL) Q1 results, which showed a 4% drop in net profit to ₹2,631 crore.
2
HUL's performance was hampered by a decline in volume growth, causing the stock to drag on the broader market despite some support from IT sector gains.
3
While Nifty managed to hold above the 24,000 mark, market sentiment remains cautious as traders await further cues from global oil price fluctuations and upcoming US Federal Reserve policy decisions.