GIFT Nifty Opening Update
GIFT Nifty opened today at 25,766.50. It is down -101.00 points (-0.39%) from yesterday’s close of 25,865.00— so the trend is negative.
The Indian stock market is expected to exhibit a mixed performance on Wednesday, February 4, influenced by lackluster global indicators. Despite the prevailing weakness in global sentiment, domestic markets are bolstered by the announcement of the India–US trade deal, as investors closely monitor for additional details regarding the agreement. Asian markets exhibited a mixed performance, while Wall Street concluded the previous session on a downward trajectory, impacted by a significant decline in technology stocks. “Indian equity markets are bolstered by favorable developments in India–US trade discussions, which serve as the primary sentiment driver. Enhanced clarity regarding external trade risks has bolstered confidence and rekindled interest in sectors focused on exports. Following the robust multi-day rally, it is plausible that profit-taking and a period of consolidation may occur. Easing global uncertainties, sustained domestic capex momentum, and a stable macro backdrop contribute to a constructive near- to medium-term outlook,” stated Ponmudi R.
On Tuesday, Indian equities experienced significant gains as positive sentiment regarding the India–US trade deal bolstered market confidence across various sectors. The Sensex experienced a notable increase of 2,072.67 points, reflecting a rise of 2.54%, concluding at 83,739.13. Meanwhile, the Nifty 50 advanced by 639.15 points, marking a gain of 2.55%, and finished at 25,727.55. Trent, Bajaj Finserv, NHPC, Tata Power, Apollo Tyres, and Emcure Pharma shares are expected to attract attention as these companies announce their Q3 results for 2026 today.
In light of current market conditions – Here is a compilation of equities that could capture investor attention and are expected to experience movement today.
Equities to monitor:
- Bharat Petroleum has raised its capital expenditure for the upcoming financial year by 35%, reaching Rs 25,000 crore, driven by a robust expansion strategy in petrochemicals, while competitors Indian Oil and ONGC have reduced their investment initiatives.
- Bajaj Finance reported a 6% decline in consolidated net profit year-on-year, amounting to Rs 4,066 crore for the third quarter.
- Mankind Pharma reported a net profit of Rs 408.7 crore for the third quarter, reflecting a 7.5% rise from Rs 380.2 crore in the same period last year.
- Aditya Birla Capital reported a net profit of Rs 983 crore for the third quarter, reflecting a 41% increase compared to the same period last year, with revenue rising by 30% year-on-year to Rs 14,181 crore.
- Nazara Technologies reported a net profit of Rs 8.8 crore in the third quarter, reflecting a 35.8% decrease from Rs 13.7 crore in the same period last year.
- Pidilite Industries reported a net profit of Rs 623.84 crore for the third quarter, reflecting an 11.9% rise from Rs 557 crore achieved in the same period last year.
- Indian Railway Finance Corporation has entered into a strategic tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation. This collaboration aims to explore structured financing options for the development of the Outer Harbour Project at V.O. Chidambaranar Port, alongside other port-led and multimodal connectivity initiatives.
- NBCC India has obtained construction contracts amounting to Rs 39.19 crore from the Institute of Cost Accountants of India (ICMAI), in addition to a Rs 232.13 crore order from the Uttarakhand Department of Fisheries for the development of the proposed Namami Ganga Aquarium-cum-Discovery Learning Centre at Pashulok in the state.
- Bharat Coking Coal reported a net loss of Rs 23 crore in the third quarter, a significant decline from the net profit of Rs 425 crore achieved in the same quarter last year.