GIFT Nifty Opening Update
GIFT Nifty opened today at 25,396.50. It is down 6.50 points (0.03%) from yesterday’s close of 25,359.00— so the trend is negative.
The Indian equity benchmarks are poised for a subdued opening on Friday, January 23, as suggested by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad declined by 8 points to 25,342, despite favorable signals from Asian markets. The Indian equity benchmarks ended their three-day losing streak on Thursday, January 22, buoyed by gains in major index constituents such as State Bank of India, Bharat Electronics, Tata Steel, Kotak Mahindra Bank, Larsen & Toubro, and Tata Consultancy Services.
The benchmarks experienced a volatile session, with the SENSEX climbing by as much as 874 points and the NIFTY50 index surpassing 25,400 at its peak for the day. However, due to profit-taking at the day’s peaks, the benchmarks relinquished their intraday gains. However, purchasing enthusiasm reemerged in the final hour of trading. The SENSEX advanced by 398 points, concluding at 82,307, while the NIFTY50 index finished 134 points higher at 25,290.
Equities to monitor:
- IndiGo on Thursday reported a net profit of Rs 550 crore in the third quarter of the current financial year (Q3FY26), reflecting a significant decline of 77% from Rs 2,449 crore in the corresponding period of the previous year. The significant drop in profit was attributed to an extraordinary expense of Rs 1,546 crore during the October-December period. IndiGo reported an extraordinary expenditure of Rs 969 crore allocated for the implementation of new labour codes, alongside Rs 577 crore designated to address operational disruptions encountered in December, as detailed in a regulatory filing. IndiGo’s revenue from operations increased by 6%, reaching Rs 23,472 crore compared to Rs 22,111 crore in the same period last year.
- Coforge reported revenue of Rs 4,188 crore for the December 2025 quarter (Q3 FY26) and US$478.2 million in dollar terms. The revenue has increased by 5.1% quarter-on-quarter in rupee terms, 4.4% in constant currency terms, and 3.5% in US dollar terms. On a year-over-year basis, Coforge’s revenue increased by 28.5% in rupee terms, 21.5% in constant currency terms, and 22.6% in US dollar terms. PAT, excluding extraordinary items, registered at Rs 364 crore, reflecting a year-on-year increase of 71.2%.
- Mphasis on Thursday reported a 3.3% rise in consolidated net profit, reaching Rs 442.18 crore in the third quarter of FY26, compared to Rs 427.80 crore during the corresponding period of FY25. The company’s revenue from operations increased by 12.3% in the December quarter, reaching Rs 4,002.57 crore, compared to Rs 3,561.33 crore in the same period last year.
- Cyient on Thursday, January 22, reported a 24.9% decline in its consolidated net profit of Rs 91.8 crore for the December quarter of FY26 (Q3 FY26), primarily due to a one-time provision related to the implementation of new labour codes. The company reported a net profit attributable to its shareholders of Rs 122.3 crore in the corresponding period of the previous year. In Q3 FY26, revenue from operations experienced a decline of 4%, amounting to Rs 1,848.5 crore, in contrast to Rs 1,926.4 crore recorded in Q3 FY25.
- Adani Total Gas on Thursday announced a 10% increase in its net profit for the third quarter, driven by higher CNG sales that mitigated the impact of rising input raw material costs. Net profit amounted to Rs 157 crore during the October-December period, an increase from Rs 143 crore in the corresponding period of the previous year, as stated by the company.
- Syngene International on Thursday disclosed a 44% decline in profit after tax, amounting to Rs 73 crore for the third quarter concluded on December 31, 2025. The contract research, development, and manufacturing organisation reported a profit after tax (PAT) of Rs 131 crore for the October-December quarter of the previous fiscal year. Syngene International reported a decrease in revenue from operations, falling to Rs 917 crore from Rs 944 crore in the corresponding period of the previous year.
- DLF on Thursday reported a 14% increase in consolidated net profit to Rs 1,203.36 crore for the December quarter of this fiscal year, attributed to higher income, and announced that the company has reached a zero gross debt level. India’s largest real estate firm reported sales bookings of Rs 419 crore in the third quarter of this fiscal year, marking a significant decrease from the record pre-sales of Rs 12,039 crore recorded in the same period last year. In a recent regulatory filing, DLF reported that its consolidated net profit increased to Rs 1,203.36 crore for the October-December quarter of this fiscal year, up from Rs 1,058.73 crore in the same period last year. Total income increased to Rs 2,479.54 crore, up from Rs 1,737.47 crore recorded in the previous year.