GIFT Nifty Opening Update
GIFT Nifty opened today at 25,674.50. It is down -144.00 points (-0.56%) from yesterday’s close of 25,743.50— so the trend is negative.
The Indian stock market is expected to start the week on a flat-to-negative note on Monday, influenced by persistent geopolitical tensions. Asian markets predominantly experienced declines on Monday; concurrently, the US stock market concluded the day with little change following Trump’s remarks at the White House on Friday, indicating his preference for National Economic Council Director Kevin Hassett to continue in his role, which implies that Hassett may not be chosen as the next U.S. Fed chair. Initial indications from Gift Nifty suggested a bearish start, with a decline of 143 points or 0.57% at 25,598.
“Indian equity markets are anticipated to commence on a range-bound trajectory with a slight positive inclination, bolstered by ongoing strength in IT stocks after Infosys’ upgraded earnings guidance and consistent resilience in the banking sector. Nonetheless, the potential for growth is anticipated to be limited by ongoing foreign institutional investor outflows, uncertainties surrounding global tariffs, and geopolitical issues, which will likely maintain a cautious overall risk appetite. Volatility is expected to remain high as Q3 earnings announcements align with global macroeconomic and geopolitical developments. While steady DII inflows could cushion any declines, near-term direction will remain highly sensitive to FII flows and external cues,” stated Ponmudi R.
On Friday, January 16, the benchmark equity indices, Sensex and Nifty 50, concluded their two-session losing streak, driven by gains in prominent IT companies including Infosys, TCS, and Tech Mahindra. The Sensex concluded the trading session at 83,570.35, reflecting an increase of 188 points, or 0.23%. Meanwhile, the Nifty 50 wrapped up at 25,694.35, gaining 29 points, or 0.11%.
In light of current market conditions – Here is a compilation of stocks that could capture investor attention and are poised for movement today.
Equities to monitor:
- BHEL, Tata Capital, Hindustan Zinc, IRFC – The shares of Bharat Heavy Electricals, Tata Capital, Hindustan Zinc, and Indian Railway Finance Corporation are set to attract attention as these companies announce their Q3 results today.
- Reliance Industries announced a Q3 net profit of Rs 18,645 crore, largely propelled by its Digital Services and Oil-to-Chemicals sectors. Revenue increased to Rs 2.65 lakh crore, with EBITDA recorded at Rs 46,018 crore.
- HDFC Bank reported a net profit of Rs 18,653 crore for Q3, while net interest income saw a YoY increase of 6.4%, reaching Rs 32,615 crore. Asset quality remained stable, with gross NPAs recorded at 1.24% and net NPAs at 0.42%.
- ICICI Bank on Saturday reported a 4% decrease in standalone net profit for the December quarter, totaling Rs 11,318 crore, down from Rs 11,792 crore in the same period last year.
- Tata Technologies experienced a significant decline in its bottom line during the third quarter, with consolidated net profit dropping 96% year-over-year to Rs 6.6 crore, in contrast to approximately Rs 169 crore in the same quarter last year.
- Wipro reported a 7% decline in consolidated net profit year-on-year, amounting to Rs 3,119 crore for the third quarter.
- RBL Bank on Saturday reported a significant increase of 555% in net profit, reaching Rs 214 crore for the third quarter of FY26, in contrast to Rs 33 crore during the same quarter of the previous financial year.
- Tech Mahindra announced a Q3 net profit of Rs 1,122 crore, with revenue rising 2.8% quarter-on-quarter to Rs 14,393 crore. EBIT increased by 11.3% to Rs 1,891.6 crore, while margins expanded to 13.1%.
- Maruti Suzuki India is set to allocate Rs 35,000 crore for the establishment of a new manufacturing facility in Khoraj, Gujarat, aiming for an annual production capacity of 10 lakh vehicles.
- CG Power and Industrial Solutions has secured a contract valued at Rs 900 crore to provide power transformers to Tallgrass Integrated Logistics Solutions LLC in the United States, aimed at supporting a significant data centre initiative.