GIFT Nifty Opening Update
GIFT Nifty opened today at 25,558.50. It is down -106.00 points (-0.41%) from yesterday’s close of 25,665.00— so the trend is negative.
Domestic equity benchmarks — the Sensex and the Nifty 50 — are expected to start Friday’s session on a weaker note, reflecting subdued signals from global markets. Asian equities exhibited a mixed performance in early trading, while US markets concluded the previous session predominantly lower, as technology stocks encountered fresh selling pressure. Upon returning to the market, Indian equities experienced a turbulent trading session on Thursday, concluding with a varied performance as profit-taking occurred in certain major stocks. The Sensex experienced a decline of 27.46 points, equivalent to 0.03%, closing at 82,248.61. The Nifty 50 experienced a slight increase of 14.05 points, representing a 0.06% rise, concluding the session at 25,496.55.
Equities to Monitor:
- Airline stocks – Attention will be directed towards airline stocks Indigo and SpiceJet today, in light of the recent announcement from the Directorate General of Civil Aviation (DGCA) permitting air travelers to cancel or modify their tickets within 48 hours of booking without facing extra charges, contingent upon specific conditions. As per the revised Civil Aviation Requirements (CAR) regarding the refund of airline tickets for public transport passengers, airlines are prohibited from charging any extra fees for correcting a passenger’s name, provided the mistake is reported within 24 hours of the booking and the ticket was purchased directly through the airline’s website.
- Hindalco has reported that the current review by the Committee on Foreign Investment in the United States (CFIUS) regarding its proposed acquisition of AluChem Companies, Inc. has been affected by a partial shutdown of the US federal government.
- Indian Railway Finance Corporation Ltd – The board is scheduled to meet on March 9 to assess the potential for declaring a second interim dividend for FY26. The board is poised to assess and approve the company’s market borrowing programme for FY27.
- Vertiv has revealed a collaboration with Netweb Technologies India to co-design and validate Netweb’s locally developed GPU compute platforms. These will be integrated into Vertiv’s comprehensive AI data center infrastructure solutions.
- Zaggle Prepaid Ocean Services has finalized agreements with Chennai Super Kings Cricket, Superking Ventures, and Saurashtra Cement. Under the arrangement, Zaggle will provide its Corporate Expense Cards to the employees and associates of Chennai Super Kings Cricket and Superking Ventures. Additionally, it will offer its Zaggle Save employee expense management and benefits solution to Saurashtra Cement.
- Brigade Enterprises has formed a strategic alliance with Primus Senior Living to create three senior living communities in Bengaluru and other areas of South India. The expected gross development value of the projects is estimated to be Rs 750 crore.
- Gujarat Mineral Development Corporation has signed a Memorandum of Understanding with NTPC to explore potential opportunities in coal and lignite gasification, as well as related downstream applications. The agreement outlines a systematic method to evaluate the feasibility of gasifying coal obtained from GMDC’s Odisha blocks in conjunction with lignite from its activities in Gujarat.
- Jio Financial Services has allocated Rs 1,999 crore to its subsidiary, Jio Credit Ltd (JCL), with a valuation set at Rs 585 per equity share. The funds will be directed towards supporting JCL’s growth strategies and operational requirements.
- Capacite Infraprojects has obtained a letter of intent worth Rs 537 crore from TenX Realty, a division of Raymond, for a development initiative in Thane.
- RailTel Corporation of India has secured a contract valued at Rs 17 crore from IIT Delhi. The initiative involves the development of optical fibre cable infrastructure.