GIFT Nifty Opening Update
GIFT Nifty opened today at 25,622.00. It is down -112.50 points (-0.44%) from yesterday’s close of 25,722.00— so the trend is negative.
The Indian stock market is anticipated to start lower on Tuesday, influenced by a downturn in global markets. Indicators in Gift Nifty suggest a muted opening, as it is currently trading near the 25,607 level — approximately 98 points lower than the last closing of Nifty futures. “The Indian equity market is expected to commence with caution, reflecting the muted trends observed in Asian markets and the recent decline in US equities. The current weakness arises from a resurgence of uncertainty related to tariffs, along with ongoing worries about disruptions driven by AI that are impacting global technology stocks. Investor sentiment continues to be cautious in light of President Donald Trump’s introduction of a 10–15% global tariff framework, which takes effect today. While recent adjustments under the US–India trade arrangement provide some clarity, the move introduces near-term uncertainty for export-oriented sectors and may keep risk appetite measured at the start of the session,” stated Ponmudi R.
On Monday, domestic equities concluded positively, with the Nifty 50 finishing above the 25,700 mark. The Sensex increased by 479.95 points, or 0.58%, closing at 83,294.66, whereas the Nifty 50 rose by 141.75 points, or 0.55%, finishing at 25,713.00. In light of the current situation, these stocks are expected to attract attention on Tuesday, February 24 –
Equities to monitor:
- Bharti Airtel announced its intention to invest Rs 20,000 crore in its non-banking financial subsidiary, Airtel Money Limited, in the coming years. This investment aims to create a large-scale digital lending platform and enhance access to formal credit throughout India.
- Bharat Petroleum Corp has received an excise demand order amounting to Rs 1,816.65 crore from the Commissioner of Central Tax and Central Excise in Kochi, the company said on Monday.
- Lupin has received the green light from the European Commission for its biosimilar ranibizumab, Ranluspec, which will be offered in both vial and pre-filled syringe formats.
- Waaree Energies has obtained an order to deliver 500 MW of solar modules from a prominent domestic solar power developer and independent power producer.
- Mobikwik Systems’s subsidiary, Mobikwik Securities Broking, has received approval from the Bombay Stock Exchange (BSE) to commence its stockbroking operations.
- Chalet Hotels has given the green light for the development of a proposed 330-room luxury hotel, alongside approximately 36,255 sq ft of commercial and retail space, in Madhapur, Hyderabad, with an estimated investment of around Rs 632.8 crore.
- Pace Digitek – The key subsidiary of the OEM company, Lineage Power Private Ltd, has successfully obtained a purchase order amounting to Rs 1,587.10 million (inclusive of GST) from Reliance Industries for the provision of lithium-ion battery packs.
- Hindustan Zinc has signed a strategic Memorandum of Understanding (MoU) with Tripura Group to expedite the development of a Zinc Park in Rajasthan.
- Blue Cloud Softech Solutions has obtained board approval for a definitive agreement framework to acquire a complete stake in Global Impex Inc from ConnectM Technology Solutions, Inc, a US-based firm in the modern energy economy sector.
- Samvardhana Motherson – The auto component manufacturer Samvardhana Motherson International has announced the commencement of operations at a new manufacturing facility in Sanand, dedicated to producing exterior lighting systems for the automotive sector.