GIFT Nifty Opening Update
GIFT Nifty opened today at 23,104.50. It is up 127.00 points (0.55%) from yesterday’s close of 23,120.00— so the trend is positive.
The Indian stock market experienced a significant intraday decline, with both benchmark indices dropping over 3%. This widespread sell-off across various sectors resulted in a loss of nearly Rs 13 lakh crore in investor wealth. The Nifty 50 experienced a decline of 775 points, representing a 3.26% decrease, closing at 23,000. Similarly, the BSE Sensex concluded at 74,207, reflecting a 3.26% drop from the prior session. The broader market exhibited comparable weakness, as the Nifty Midcap 100 experienced a decline of 3.32% and the Nifty Smallcap 100 saw a decrease of 3%.
“Markets experienced a significant decline on Thursday, undoing the recent recovery trend due to unfavorable global indicators and increased geopolitical tensions. The Nifty commenced the day with a gap-down, reflecting adverse global cues, and experienced continuous selling pressure for the duration of the session. Despite intermittent intraday recovery attempts, the index failed to hold higher levels and eventually settled near the 23,054 mark, declining by approximately 3.02%,” said Ajit Mishra. In light of current circumstances, attention is expected to be directed towards these stocks on Friday, March 20, 2026 —
Equities to Monitor:
- HDFC Bank’s CEO, Sashidhar Jagdishan, indicated that the board was caught off guard by the abrupt resignation of part-time chairman Atanu Chakraborty, emphasizing that no particular issues had been brought to their attention. He stated that the bank’s fundamentals continue to be robust and there was no discord between them.
- Tata Elxsi has revealed the creation of a global offshore development centre (ODC) for Terumo Corporation, designed to enhance advanced cardiac and vascular solutions.
- NTPC share price has entered into a memorandum of understanding (MoU) with Octopus Energy Group to explore strategic collaboration opportunities in the power and energy sector.
- Tata Consultancy Services has entered into a memorandum of understanding (MoU) with ABB to enhance collaboration in the areas of IT infrastructure, artificial intelligence, and engineering solutions.
- Wipro has launched a new hub at GIFT City in Gandhinagar, aimed at strengthening its AI-driven capabilities for global BFSI clients.
- JK Cement has been selected as the preferred bidder for the Itauri-Jharkua limestone block situated in Panna, Madhya Pradesh.
- JSW Cement announced the commissioning of a greenfield integrated cement plant in Nagaur, Rajasthan, signifying its entry into the North Indian market.
- ICICI Bank share price announced on Thursday that tax authorities have issued a demand notice of Rs 768.6 crore, citing short payment of GST.
- NBCC Ltd has successfully obtained several domestic contracts totaling approximately Rs 319.78 crore, encompassing housing, infrastructure, and institutional development initiatives in Assam, Meghalaya, and Bihar.
- Amber Enterprises announced that its material subsidiary, IL JIN Electronics (India) Pvt Ltd, has sanctioned the raising of Rs 328 crore through a rights issue of equity shares.