GIFT Nifty Opening Update
GIFT Nifty opened today at 25,822.50. It is up 60.00 points (0.23%) from yesterday’s close of 25,806.00— so the trend is positive.
The Indian stock market is expected to commence on a flat note on Thursday following a three-day rally, supported by favorable global indicators. Asian markets showed an upward trend, and the US stock market experienced a positive close overnight, driven by significant increases in technology shares. “Indian equities are expected to exhibit a slightly positive trend, continuing the consistent recovery observed over the past several sessions. The upward movement remains driven by persistent strength in the banking and financial sectors, coupled with momentum in specific energy, metal, and consumer segments. Steady and reliable DII inflows continue to serve as a crucial stabilizing element for the market, effectively mitigating volatility and providing support during downturns. However, near-term sentiment is expected to stay measured, with selective profit booking emerging in high-valuation pockets and lingering uncertainty in the IT sector amid global AI-led disruption concerns,” stated Ponmudi R.
On Wednesday, domestic equities concluded the day positively, despite experiencing volatility throughout the session. This marks the third consecutive day of gains, reflecting a gradual recovery supported by robust buying interest across the majority of sectors. The Sensex increased by 283.29 points, representing a 0.34% gain, closing at 83,734.25. Meanwhile, the Nifty 50 saw an uptick of 93.95 points, or 0.37%, finishing at 25,819.35.
Equities to monitor:
- Hindustan Unilever is set to allocate up to Rs 2,000 crore over the next two years to enhance its manufacturing capacity in the swiftly expanding premium segments of its Beauty & Wellbeing and Home Care liquids portfolio.
- TVS Motor announced that it has achieved a significant milestone by manufacturing a total of 1,000,000 vehicles in Indonesia since the commencement of its operations in 2006.
- Cochin Shipyard has obtained new shipbuilding contracts worth approximately $360 million from the France-based CMA CGM Group for the construction and delivery of six LNG-powered vessels.
- Zydus Lifesciences has received final approval from the United States Food and Drug Administration (FDA) for its bosentan tablets for oral suspension, 32 mg.
- Pace Digitek has informed the exchanges that its material subsidiary, Lineage Power Private Limited, has obtained a purchase order worth $1.35 million from Yaqin Chem, based in Saudi Arabia.
- Bharat Forge has disclosed that it has entered into an agreement with VVDN Technologies to investigate a strategic partnership across multiple technology-driven sectors, encompassing automotive and defence.
- Dr Reddy’s has disclosed the acquisition of the trademarks Progynova and CycloProgynova, as well as related assets in India, from Mercury Pharma Group Ltd.
- NCC is currently prohibited from accepting orders by the National Highways Authority of India (NHAI).
- Jindal Saw’s API licence for seamless pipes has been suspended following the identification of issues during an audit carried out by the American Petroleum Institute.
- Go Digit General Insurance announced a collaboration with Anvayaa Kin Care to provide its policyholders with access to senior care services at reduced rates, reflecting a growing trend among insurers to improve customer engagement beyond traditional insurance offerings.