GIFT Nifty Opening Update
GIFT Nifty opened today at 25,465.50. It is up 23.50 points (0.09%) from yesterday’s close of 25,418.00— so the trend is positive.
The Indian stock market is expected to commence on a positive trajectory on Wednesday, January 28, influenced by the India-EU trade agreement and reflecting upward movements in global markets. Initial indications from Gift Nifty suggested a favorable opening, with the Index rising by 41 points, or 0.16%, to 25,485 on January 28. Asian markets commenced the day predominantly in positive territory on Wednesday. Meanwhile, the US stock market concluded the day in a mixed state as investors await the Federal Reserve’s interest rate decision and earnings reports from significant technology firms.
“Indian equity markets are anticipated to commence on a strong footing today, building on the late-session rebound observed in the prior session. Enhanced global risk sentiment is expected to stimulate new purchases from oversold positions and trigger short-covering in various derivative markets. Furthermore, increasing optimism surrounding the forthcoming Union Budget may bolster investor sentiment, creating a favorable environment for a positive opening in the trading session. Meanwhile, ongoing pressure on the Indian rupee versus the U.S. dollar, persistent net selling by foreign portfolio investors, and unresolved geopolitical tensions in the Middle East could serve as near-term challenges, potentially limiting market momentum at elevated levels despite a more favorable risk sentiment,” stated Ponmudi R.
On Tuesday, Indian indices experienced an uptick following the announcement of a free trade agreement (FTA) between India and the European Union (EU) by Prime Minister Narendra Modi. The Sensex closed at 81,857.48, reflecting an increase of 320 points or 0.39%, whereas the Nifty 50 concluded at 25,175.40, rising by 127 points or 0.51%.
In light of current market conditions – here is a compilation of stocks that could capture investor attention and are expected to experience movement today.
Equities to monitor:
- Maruti Suzuki, Larsen & Toubro, TVS Holdings, Cochin Shipyard, and BEL are set to attract attention today as these companies announce their Q3 results.
- Vedanta announced its intention to divest up to 6.7 crore equity shares of Hindustan Zinc Ltd (HZL), which accounts for 1.59% of its paid-up capital, through an offer for sale scheduled for January 28–29.
- Vodafone Idea reported a sequential improvement in Q3 FY26, with its net loss decreasing to Rs 5,286 crore from Rs 5,524 crore in the prior quarter, supported by increased ARPU and enhanced operating performance.
- Marico reported a robust performance in Q3, achieving a net profit of Rs 460 crore, while the revenue for the quarter reached Rs 3,537 crore.
- Life Insurance Corporation of India announced its investment in 5.12 lakh debentures issued by Bajaj Finance Ltd, with each debenture having a face value of Rs 1 lakh, resulting in a total investment of Rs 5,120 crore, as per an exchange filing.
- Motilal Oswal Financial Services showcased a consistent performance in Q3FY26, with a year-on-year rise in consolidated net profit of 5.9%, reaching Rs 565.9 crore, and an 18% increase in revenue, totaling Rs 2,111.6 crore.
- Rail Vikas Nigam has been identified as the lowest bidder (L1) for a Rs 242.5 crore overhead electrification (OHE) upgradation project awarded by South Central Railway, according to an exchange filing.
- ONGC, through its collaborations with Japan’s Mitsui OSK Lines (MOL), has entered into shipbuilding agreements with South Korea’s Samsung Heavy Industries for the development of two very large ethane carriers (VLECs).
- PC Jeweller reported a robust performance in Q3, with net profit increasing by 31% year-on-year to Rs 190 crore and revenue rising by 37% YoY to Rs 875 crore. This growth was fueled by strong demand during the festive and wedding seasons, coupled with improved operating leverage.
- Vishal Mega Mart reported a strong performance in Q3, with net profit increasing by 19.1% year-on-year to Rs 312.9 crore, up from Rs 262.7 crore. Revenue also saw a significant rise of 17%, reaching Rs 3,670 crore.