GIFT Nifty Opening Update
GIFT Nifty opened today at 25,774.50. It is up 187.00 points (0.73%) from yesterday’s close of 25,566.00— so the trend is positive.
The Indian stock market benchmark indices, Sensex and Nifty 50, are anticipated to commence on a positive note on Monday, bolstered by robust global cues following the US Supreme Court’s decision to invalidate broad-based tariffs. However, sentiment may continue to be cautious as Donald Trump subsequently raised the new global tariff rate to 15%. Indicators from Gift Nifty suggest a gap-up opening for the domestic benchmarks, with Gift Nifty currently trading around the 25,748 level — reflecting a premium of approximately 163 points relative to the previous close of Nifty futures.
“Indian equity markets are set for a steady-to-positive opening, as indicated by strong trends in GIFT Nifty, following an improvement in global risk sentiment after the US Supreme Court overturned President Donald Trump’s previous reciprocal tariffs. Although he subsequently signed an executive order imposing a fresh 10–15% global tariff—effectively resetting tariffs on Indian exports to around 10% for now—the broader backdrop remains cautious,” said Ponmudi R. On Friday, Indian equities closed positively, with the Nifty 50 concluding above the 25,500 mark. The Sensex increased by 316.57 points, representing a 0.38% gain, closing at 82,814.71. Meanwhile, the Nifty 50 saw an uptick of 116.90 points, or 0.46%, finishing at 25,571.25.
In light of current developments – These stocks are expected to attract attention on Monday, February 23.
Equities to monitor:
- IDFC First Bank reported that specific employees at its Chandigarh branch were implicated in fraudulent transactions totaling Rs 590 crore linked to accounts of the Haryana government.
- State Bank of India has set a goal to increase the proportion of its green lending to 7.5–10% by 2030, with a quarter of these loans expected to be funded through specific green lines of credit.
- Bharti Airtel has established an AI and Cyber Threat Research Centre in India in partnership with cloud security company Zscaler.
- Adani Ports and SEZ – The subsidiary of Adani Group, Adani Gangavaram Port Ltd, has formed a strategic Memorandum of Understanding with NMDC Ltd and Vale SA to create an integrated iron ore blending facility, complemented by a dedicated Special Economic Zone (SEZ) at Gangavaram Port.
- ICICI Bank – The lender has been informed of an appellate order from the Maharashtra GST Department, which confirms the previous tax demand of Rs 50.38 crore, inclusive of corresponding penalties and applicable interest.
- Highway Infra has obtained a contract valued at Rs 154.59 crore from the National Highways Authority of India (NHAI) for the operation of a toll plaza in Gujarat.
- UPL – The Board has sanctioned a group reorganisation plan via a composite scheme of arrangement, designed to enhance shareholder value by creating a standalone and focused crop protection platform.
- RailTel Corporation of India, in collaboration with Ashoka Buildcon, has obtained a Letter of Intent (LoI) from the Inspector General of Registration (IGR).
- Allcargo Terminals reported a total volume of 63,400 TEUs in January, reflecting an 8 percent increase year-over-year, although it experienced a 5 percent decline from the prior month.
- Vikram Solar has entered into a strategic domestic cell procurement agreement with Jupiter International to acquire high-efficiency TOPCon and mono PERC solar cells, amounting to 2 GW of ALMM-compliant crystalline solar cells. The agreement holds a valuation of Rs 2,000 crore.