GIFT Nifty Opening Update
GIFT Nifty opened today at 25,684.50. It is up 72.00 points (0.28%) from yesterday’s close of 25,603.50— so the trend is positive.
The Indian stock market is expected to start on a positive note on Wednesday, driven by favourable global market signals, after recovering from the significant decline seen in the previous session. Trends in Gifting The market suggests a robust start for local stocks, with the index hovering near the 25,669 mark, reflecting a gain of about 69 points relative to the previous close of futures. “Indian equity markets are anticipated to start on a neutral to slightly optimistic note, reflecting a mild overnight rebound on Wall Street and a positive mood in early trading across Asian markets. Nonetheless, the general sentiment is expected to stay cautious, as market feelings remain subdued due to ongoing US–Iran geopolitical tensions and stable crude oil prices, which continue to pose a macroeconomic challenge for India. At the same time, ongoing concerns about AI-related upheavals in the technology sector are influencing the general willingness to take risks. While the rebound in overseas markets offers some comfort heading into the open, geopolitical tensions, fresh tariff-related uncertainty following the US Supreme Court’s rejection of President Trump’s earlier reciprocal tariffs, and lingering AI-led concerns are likely to keep sentiment cautious at elevated levels,” said Ponmudi R.
On Tuesday, the Indian market faced notable declines as widespread selling pressure led to a drop in the Nifty 50, which fell below the 25,500 mark. The Sensex saw a notable decline of 1,068.74 points, which is a reduction of 1.28%, finishing at 82,225.92. Meanwhile, the index fell by 288.35 points, or 1.12%, finishing at 25,424.65. Given the current situation, these companies are anticipated to draw interest on Wednesday, February 25 –
Equities to monitor:
- IRFC – The government plans to divest up to a 4% stake in Indian Railway Finance Corporation via an offer for sale (OFS). This will begin on Wednesday for institutional investors, with individual investors permitted to place their bids on Thursday.
- IDFC First Bank – On Tuesday, the Government of Haryana established a high-level committee tasked with investigating the unauthorised transfer of funds from a certain bank and another small finance institution, as well as reviewing the state’s banking policy, as stated in an official order from the Personnel Department.
- RVNL has secured a contract valued at Rs 270.22 crore from Central Railway for the establishment of a 220/132/55 KV traction substation, along with associated works in the Daund–Solapur section under the EPC mode. This initiative aims to back a loading target of 3,000 MT, as indicated by the company in an exchange filing.
- Lupin has announced that it has obtained approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) related to Brivaracetam Oral Solution 10 mg/mL.
- Waaree Energies announced that its wholly owned subsidiary, Waaree Forever Energies Private Ltd, has received a Letter of Award from Solar Energy Corporation of India Limited for the development of a 300 MW wind power project in Dwarka, Gujarat.
- Dr Reddy’s Lab announced that it has received a notification from the US Securities and Exchange Commission (SEC) stating that the regulator has completed its investigation into the purported improper payments and, at this point, does not intend to suggest any enforcement action.
- Hindalco revealed that its fully owned subsidiary, Novelis Inc., has completed a subscription agreement with AV Minerals.
- Hexaware Technologies has broadened its partnership with Amazon Web Services (AWS) to deliver AI-driven software development lifecycle (SDLC) solutions to enterprises globally.
- The Cabinet Committee on Economic Affairs has raised the permissible equity investment limit for Power Grid Corporation of India from Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary, while keeping the overall cap steady at 15% of the company’s net worth.
- HG Infra Engineering has established itself as the lowest bidder for a project worth Rs 1,582 crore, awarded by the National Highways Authority of India.