GIFT Nifty Opening Update
GIFT Nifty opened today at 25,446.00. It is down -123.50 points (-0.48%) from yesterday’s close of 25,516.50— so the trend is negative.
India’s benchmark indices, the Sensex and Nifty 50, are anticipated to commence trading on a lower note on Friday, influenced by mixed signals from global markets. Gift Nifty trends indicate a sluggish beginning for domestic equities, with the index hovering around the 25,435 level—approximately 101 points below the last closing of Nifty futures.
“Indian equities are anticipated to perform positively in advance of the Union Budget on Sunday, buoyed by the rebound observed in the previous session and the optimism generated by the Economic Survey. “The Survey has projected FY26 GDP growth at 7.4% and FY27 growth in the range of 6.8–7.2%, supported by easing inflation, resilient domestic demand, and sustained fiscal discipline,” stated Ponmudi R. On Thursday, Indian markets closed higher, marking a third consecutive session of gains, with the Nifty 50 reclaiming the 25,400 level. The Sensex increased by 221.69 points, representing a gain of 0.27%, concluding at 82,566.37. Meanwhile, the Nifty 50 saw an uptick of 76.15 points, equivalent to 0.30%, finishing at 25,418.90.
In light of current market conditions – The following is a compilation of equities that could capture investor attention and are expected to experience movement today.
Equities to monitor:
- Meesho, NTPC, Nestle, Bajaj Auto, Tata Investment, and Power Grid are set to attract attention as these companies announce their Q3 earnings today.
- Paytm reported a consolidated net profit of Rs 225 crore for the third quarter, marking a turnaround from a loss of Rs 208 crore in the same period last year.
- ITC FMCG major ITC reported a consolidated net profit of Rs 4,931 crore for the December quarter, reflecting minimal variation from Rs 4,935 crore recorded in the corresponding period last year.
- Tata Motors reported a 48% year-on-year decline in consolidated net profit for the December quarter, with earnings decreasing to Rs 705 crore from Rs 1,355 crore in the same period last year.
- Vedanta reported a strong performance in Q3, with net profit increasing by 60.1% year-on-year to Rs 5,710 crore. Revenue and EBITDA demonstrated significant growth, increasing by 37% each to Rs 23,369 crore and Rs 6,866 crore, respectively.
- Swiggy reported an increased net loss of Rs 1,065 crore in the December quarter, compared to Rs 800 crore in the same period last year, even with a significant 54% year-on-year rise in revenue to Rs 6,148 crore.
- Dixon Technologies reported a strong performance in Q3, with net profit rising 68% year-on-year to Rs 287 crore, surpassing expectations, while revenue grew by 2.1% to Rs 10,671 crore.
- Dabur India reported a 7% year-on-year growth in consolidated net profit for the December quarter, increasing to Rs 560 crore from Rs 522 crore during the corresponding period last year.
- Hindustan Petroleum Corporation has established a Memorandum of Understanding (MoU) with Oil India to collaboratively investigate and advance a compressed bio-gas (CBG) initiative.
- Hindustan Aeronautics has finalized contracts with Pawan Hans for the provision of 10 Dhruv NG helicopters, along with associated spares and accessories, resulting in a total contract value exceeding Rs 1,800 crore.