GIFT Nifty Opening Update
GIFT Nifty opened today at 25,779. It is up 4 points (+0.02%) from yesterday’s close of 25,785 — so the trend is positive.
The Indian stock market is expected to commence on a mixed note on Friday, January 16, influenced by varied signals from global markets. Asian markets exhibited a mixed performance on Friday, while US stocks ended the day in positive territory, supported by robust economic data. Initial indications from Gift Nifty suggested a flat-to-negative start, with a slight decline of 6 points or 0.02% at 25,780. “Indian equity markets are poised to start the session with caution, remaining within a defined range as various global challenges persist, limiting risk appetite. Current geopolitical developments and uncertainties surrounding tariffs are obscuring short-term visibility, leading investors to refrain from adopting aggressive positions. Sentiment continues to be cautious, influenced by ongoing foreign institutional investor outflows and varied responses to third-quarter earnings, leading participants to adopt a more selective and defensive strategy. Asian markets are displaying a mixed trend in early trade—Japanese and Chinese indices are experiencing mild losses, whereas South Korean equities are demonstrating relative strength, indicating a divided regional sentiment,” stated Ponmudi R.
On Wednesday, benchmark indices Sensex and Nifty 50 experienced a decline for the second consecutive session. This downturn was influenced by ongoing uncertainty regarding an India–US trade deal, mixed Q3 earnings reports, and continued foreign fund outflows, which collectively dampened investor sentiment. The Sensex declined by 245 points, representing a decrease of 0.29%, to finish at 83,382.71. Meanwhile, the Nifty 50 fell by 67 points, or 0.26%, concluding at 25,665.60. In contrast, broader markets performed more favorably, with the BSE Midcap and Smallcap indices increasing by 0.16% and 0.25%, respectively.
In light of current market conditions – Here’s a compilation of stocks that could capture investor attention and are poised for movement today.
Equities to monitor:
- Reliance Industries, Wipro, Tech Mahindra, Tata Technologies – Attention will be directed towards these shares as the companies prepare to announce their third quarterly results on Friday.
- Infosys experienced a 2% decrease in net profit, reporting Rs 6,654 crore compared to Rs 6,806 crore previously. Revenue saw a quarter-on-quarter increase of 2.2%, reaching Rs 45,479 crore, which slightly surpassed estimates. Meanwhile, EBIT was reported at Rs 9,479 crore, reflecting an operating margin of 20.8%.
- Jio Financial Services reported a consolidated profit of Rs 269 crore for Q3, reflecting an 8.8% decrease compared to the previous year, while total income increased significantly to Rs 901 crore, more than doubling year-on-year.
- Biocon announced that it has successfully raised Rs 4,150 crore through a Qualified Institutional Placement, issuing 11.26 crore equity shares at a price of Rs 368.35 each, reflecting a 2.8% discount to the prior closing price.
- HDB Financial Services reported a 36.3% year-on-year increase in net profit, reaching Rs 644 crore for the December quarter, while net interest income rose by 22.1% to Rs 2,285 crore.
- Bharat Heavy Electricals has commenced the supply of underslung traction transformers for the Vande Bharat Sleeper Train project, marking its strategic entry into the semi-high-speed propulsion sector.
- Zydus Lifesciences has received final approval from the US Food and Drug Administration for Eltrombopag tablets, a treatment for thrombocytopenia, or low platelet counts, linked to specific blood disorders.
- RailTel Corporation has obtained a Letter of Acceptance from Central Railway for a project valued at Rs 88.66 crore. This project involves the supply, installation, testing, and commissioning of IP-MPLS network equipment across various stations in the Mumbai, Pune, Solapur, Bhusawal, and Nagpur divisions. The initiative focuses on facilitating cohesive communication for Indian Railways.
- NBCC India has successfully obtained a contract valued at Rs 55.02 crore from Indian Overseas Bank. This contract encompasses the planning, design, execution, and final completion and handover of the IOB New Regional Office building located in Raipur.
- Zaggle Prepaid Ocean Services has entered into a referral agreement with Jio Credit. Under this arrangement, Zaggle will guide its corporate clients to Jio Credit for leasing solutions, which will be integrated into Zaggle’s Device Leasing Program.