GIFT Nifty Opening Update
GIFT Nifty opened today at 24,824.50. It is up 52.50 points (0.21%) from yesterday’s close of 24,786.00— so the trend is positive.
The Indian stock market is expected to begin Monday’s session positively, aiming to bounce back from the recent sharp sell-off. Nonetheless, fluctuations are anticipated to remain elevated as market participants evaluate the proposals outlined in the Union Budget 2026. Asian markets exhibited a mixed performance, while US equities finished lower, and stock futures are indicating a downward trend. “Indian markets could face continued pressure after the significant negative response to the Union Budget 2026–27, prompted by an unexpected increase in the Securities Transaction Tax (STT) on derivatives. Although DII purchases may provide some level of support, the immediate sentiment continues to be cautious to slightly negative as market players reevaluate their positions in light of the anticipated increase in F&O costs starting April 1.”The long-term growth narrative for India continues to hold firm, yet short-term fluctuations and correction risks are expected to endure until stability is restored,” stated Ponmudi R.
The Indian market experienced a decline during a special trading session on Sunday after the Budget announcement suggested an increase in the Securities Transaction Tax (STT) on F&O trades. The Sensex dropped 1,546.84 points, or 1.88%, closing at 80,722.94, while the Nifty 50 decreased by 495.20 points, or 1.96%, finishing at 24,825.45. Hyundai Motor, Indus Towers, Bajaj Housing Finance, RailTel Corp, Tata Chemicals, and Awfis Space Solutions will attract attention today as these companies are set to announce their Q3 results.
In light of the current market conditions – Here’s a compilation of stocks that could capture investor attention and are expected to experience movement today.
Stocks to monitor:
- Hero Motocorp on Sunday reported a 26% year-on-year increase in dealer dispatches, reaching 5,57,871 units in January 2026, up from 4,42,873 units in the corresponding month last year.
- Adani Green Energy on Saturday provided a new clarification regarding the civil case initiated by the US Securities and Exchange Commission against its directors, Gautam Adani and Sagar Adani, in a US federal court. The company emphasized that it is not named in the proceedings and that no charges have been brought against it.
- ITC – The prices of cigarettes have increased significantly across various segments after the introduction of a new excise duty on Sunday, leading to retail price increases of at least Rs 22–25 per pack of 10 sticks.
- BEL, HAL, GRSE, and Data Patterns Shares are expected to attract attention on Monday as they may react to the Budget announcements. The capital expenditure allocation for FY27 is established at Rs 2.19 lakh crore, reflecting an increase from the revised FY26 estimate of Rs 1.86 lakh crore—an approximate rise of 18%.
- Biocon, Sun Pharma, Dr Reddy’s – The biopharma sector is poised to remain in focus following Finance Minister Nirmala Sitharaman’s address, where she emphasized the importance of biologics for longevity and detailed the government’s strategy to establish India as a global biopharma manufacturing center, aided by the formation of a specialized biopharma network.
- BSE and Groww shares fell by 5–10% on Sunday following the Budget 2026 announcement, which raised the Securities Transaction Tax on futures and options. Brokerage Jefferies characterized this move as detrimental to market sentiment.
- Quess Corp announced that it has received a final assessment order from the Income Tax Department, leading to a tax demand of Rs 160 crore.
- Blue Star reported that it discovered unauthorized access to its product installation data and immediately implemented measures to restrict access once the issue was identified.
- MOIL’s board has given the green light for a joint venture with Madhya Pradesh State Mining Corporation to undertake manganese ore mining operations in Madhya Pradesh.