GIFT Nifty Opening Update
GIFT Nifty opened today at 25,169.50. It is down -154.00 points (-0.61%) from yesterday’s close of 25,285.00— so the trend is negative.
The Indian stock market benchmark indices, Sensex and Nifty 50, are anticipated to open lower on Monday amid rising tensions in the Middle East, triggered by US and Israeli strikes on Iran and the subsequent retaliatory attacks by the Islamic Republic across the region. Trends in Gift Nifty indicate a gap-down opening for the domestic benchmark. Gift Nifty was trading around the 25,230 level, indicating a discount of approximately 108 points relative to the prior close of Nifty futures. Market participants will closely monitor developments in the Middle East following reports of the death of Iran’s Supreme Leader, Ali Khamenei, in joint US-Israel strikes.
“Indian equity markets are poised to open on a cautious note following the recent corrective spell, with sentiment remaining fragile as the U.S.–Iran confrontation deepens and begins to reverberate across the broader Middle East,” said Ponmudi R. On Friday, Indian equities concluded the day with a significant decline, reflecting the escalating tensions between the US and Iran, as the benchmark Nifty 50 closed beneath the 25,200 mark. In light of the current situation, these stocks are expected to attract attention on Monday, March 2, as the US-Israel-Iran conflict continues.
Stocks to Monitor:
- Adani Ports – On Sunday, Haifa Port, owned by Adani Ports & Special Economic Zone, affirmed that its port assets and infrastructure are fully secure and operational, despite the escalating tensions in the Middle East.
- ONGC and Oil India stocks are expected to attract attention today as crude oil prices fluctuate in the wake of the US attack on Iran and the death of Iran’s Supreme Leader Khamenei.
- BEL – The Board has announced an interim dividend of Rs 1.95 per share for FY 2025–26. The payout will occur within 30 days from the date of declaration. March 5 has been established as the record date to identify shareholders entitled to the dividend.
- Bharti Airtel has announced a collaboration with Google aimed at providing a safer and more interactive messaging experience for users throughout India.
- Tata Motors Passenger Vehicles on Sunday announced a 35% year-on-year increase in total sales, reaching 63,331 units in February, compared to 46,811 units in the same month last year.
- Aurobindo Pharma – The United States Food and Drug Administration (US FDA) carried out an inspection of Unit-I, a formulation manufacturing facility run by the company’s subsidiary, Eugia Pharma Specialities, located in Ranga Reddy, Telangana, from February 16 to February 27.
- Samayat Services, the promoter entity of Vishal Mega Mart, has divested a stake in the company through a block deal. The shares were sold at an average price of Rs 117 each.
- SpiceJet provided reassurance to all stakeholders following the Supreme Court of India’s dismissal of its plea in the Maran dispute, emphasizing that the ruling will not impact its daily operations.
- Adani Green Energy has announced that its step-down subsidiary, Adani Green Energy Twenty Five C Ltd, has successfully commissioned an 185 MW wind power project in Khavda, Gujarat.