GIFT Nifty Opening Update
GIFT Nifty opened today at 23,176.50. It is up 55.00 points (0.24%) from yesterday’s close of 23,203.00— so the trend is positive.
Indian stocks may open higher but could see volatility on Monday due to mixed global signals, as investors monitor the ongoing US–Iran conflict, now in its third week, impacting global oil markets. Asian markets showed mixed results as US stocks dipped last week, fueled by worries about global oil supply disruptions from the ongoing Middle East conflict. “Indian markets are set to start the week on a positive note, with GIFT Nifty at 23,351, suggesting a steady opening for domestic equities. Geopolitical shifts in West Asia and crude oil price changes will heavily shape market direction this week. Signs of de-escalation could ease global equities, while further escalation may pressure markets,” noted Hariprasad K.
On Friday, Indian stocks fell sharply as concerns over rising US–Iran tensions dampened sentiment. Sensex fell 1,470.50 points (1.93%) to 74,563.92; Nifty 50 dropped 488.05 points (2.06%) to 23,151.10. With the US-Iran war unfolding, these stocks will be in the spotlight on Monday, March 16, 2026 —
Equities to Monitor:
- Tata Motors PV – Radhakishan Damani offloads 16 lakh shares of Tata Motors PV for Rs 52 crore in a block deal. Derive Trading and Resorts Private Limited, where Damani is a director, was the buyer in the transaction.
- IndiGo to introduce fuel surcharge from March 14, 2026, due to over 85% rise in jet fuel prices linked to West Asia tensions.
- Jindal Stainless reports that the West Asia war has disrupted operations due to fuel shortages and shipping delays.
- Adani Total Gas slashes excess natural gas prices for select industrial customers to Rs 82.95 per SCM, down from Rs 119.90 per SCM, effective March 16 at 0600 hours, due to easing upstream gas prices amid supply disruptions.
- GMR Airports lands a deal to upgrade and operate Cargo Terminal-1 at Indira Gandhi International Airport, New Delhi.
- Data Patterns lands a Rs 288 crore deal with IMD for 32 Doppler Weather Radars.
- Adani Power wins LoA from Maharashtra for 1,600 MW thermal power supply under a long-term agreement.
- Dilip Buildcon Limited has secured the lowest bid for a Rs 160.20 crore road construction project, excluding GST.
- Hindalco Industries Clarifies – No Halt in Aluminium Sales Amid Iran Conflict
- Voltas – GST inspection by the Assistant Commissioner of State Tax, Investigation A, Mumbai, at the Chinchpokli office on March 12 under the Maharashtra GST Act, 2017.