GIFT Nifty Opening Update
GIFT Nifty opened today at 25,404.50. It is down -58.50 points (-0.23%) from yesterday’s close of 25,426.50— so the trend is negative.
The Indian stock market is expected to have a flat opening on Thursday, January 29, influenced by mixed signals from global markets. Initial indications from Gift Nifty suggested a downward trajectory, with the index declining by 62 points, or 0.24%, to 25,364 on January 29. “ Indian equity markets are anticipated to commence the day flat to slightly positive, as ongoing optimism surrounding the India–EU Free Trade Agreement (FTA) is likely to bolster the positive momentum observed in the previous two trading sessions. The elimination of tariffs on 90–96% of traded goods positions the FTA as a structurally advantageous development for India’s export-driven sectors, including textiles, apparel, leather, gems & jewellery, marine products, tea, coffee, chemicals, and MSMEs. Additionally, it supports technology inflows, enhances services mobility, and bolsters long-term competitiveness. “That said, near-term market upside may remain capped due to persistent FII outflows, pre-Budget positioning, and mixed global cues, including the heightened geopolitical tension in the Middle East,” stated Ponmudi R.
On Wednesday, Indian equities concluded positively as widespread purchasing enhanced market sentiment, with the benchmark Nifty 50 ending above the 25,300 level. The Sensex experienced an increase of 487.20 points, representing a rise of 0.60%, concluding at 82,344.68. Meanwhile, the Nifty 50 saw an advancement of 167.35 points, or 0.66%, finishing at 25,342.75.
In light of current market conditions – Here is a compilation of stocks that could pique investor interest and are expected to experience movement today.
Equities to monitor:
- ITC, Tata Motors, Swiggy, Paytm, Canara Bank, Adani Power, Vedanta – These shares are set to capture attention as companies announce their Q3 results today.
- Larsen & Toubro experienced a 4.3% year-on-year decrease in consolidated net profit for the December quarter, with profit falling to Rs 3,215 crore compared to Rs 3,359 crore in the same period last year.
- Cochin Shipyard reported a decline of 18% in consolidated net profit for the December quarter, with earnings decreasing to Rs 145 crore from Rs 177 crore in the corresponding period last year.
- Garden Reach Shipbuilders & Engineer reported a net profit of Rs 171 crore for the quarter ending December 2025, an increase from Rs 98 crore in the same quarter the previous year.
- Vedanta has chosen to utilize the oversubscription option in its offer-for-sale, increasing the total by 1.4 crore shares of Hindustan Zinc to the initial offer of 3.35 crore shares on January 29.
- Wipro has formed a partnership with Factory, a leading agent-native software development platform and a part of the Wipro Ventures portfolio, to assist enterprises in implementing and expanding agent-native development within their engineering teams.
- Rail Vikas Nigam and GPT has been identified as the lowest bidder by Northern Railway for a project worth Rs 1,201.35 crore.
- Mahindra & Mahindra Financial Services presented a varied performance in the December quarter, with a net profit of Rs 810.4 crore, reflecting a 9.9% decrease year-on-year from Rs 899.5 crore.
- NSDL reported a mixed performance for the December quarter, with net profit increasing by 4.4% year-on-year to Rs 89.6 crore, up from Rs 85.8 crore.
- SBI Cards and Payment Services reported an increase in third-quarter profit on Wednesday, driven by heightened consumer spending on credit cards amid India’s festive season.