GIFT Nifty Opening Update
GIFT Nifty opened today at 23,856.00. It is down -199.50 points (-0.83%) from yesterday’s close of 23,915.50— so the trend is negative.
The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are anticipated to commence trading on a lower note this Thursday, influenced by unfavorable signals from global markets. Investor sentiment is currently marked by caution, driven by rising crude oil prices that heighten inflation worries, alongside escalating tensions between the US and Iran in the Middle East. Trends in GIFT Nifty indicate a negative opening for the domestic market. The GIFT Nifty was positioned around the 23,819 mark, reflecting a discount of approximately 120 points relative to the prior close of Nifty futures. “Indian equity markets are anticipated to exhibit volatility with a prudent outlook, as global events persist in influencing investor sentiment. Increasing tensions in the Middle East, coupled with heightened worries about possible interruptions to vital oil shipping routes, have resulted in significant volatility in crude oil prices. “Additionally, heavy selling by foreign portfolio investors (FPIs) and sustained weakness in the Indian rupee against the U.S. dollar are further weighing on investor sentiment,” stated Ponmudi R.
On Wednesday, the Indian stock market experienced a notable downturn due to apprehensions related to the ongoing US-Iran conflict, as the Nifty 50 fell beneath the 23,900 threshold. The Sensex experienced a decline of 1,342.27 points, representing a decrease of 1.72%, concluding at 76,863.71. Meanwhile, the Nifty 50 fell by 394.75 points, which is a 1.63% drop, finishing at 23,866.85. In light of the ongoing US-Iran conflict, attention is expected to be directed towards these stocks on Thursday, March 12, 2026 —
Equities to Monitor:
- Wipro has entered into a multi-year agreement to assist in the business and technology modernization efforts for the retirement services division of TruStage, an insurance and financial services provider based in Madison.
- Borosil – Oil marketing companies (OMCs) are currently implementing restrictions on LPG supply, attributing this to a force majeure situation stemming from the ongoing conflict in the Middle East, which has disrupted global fuel supplies.
- IDFC First Bank – The Enforcement Directorate conducted searches at 19 locations on Wednesday related to the purported embezzlement of Rs 590 crore from the Government of Haryana accounts held with IDFC First Bank in Chandigarh, as reported.
- Adani Enterprises has notified stock exchanges that its wholly owned subsidiary, Adani Defence Systems and Technologies, has entered into a Business Transfer Agreement with Punj Lloyd to acquire the defence unit situated in Malanpur, Madhya Pradesh.
- Ashok Leyland has revealed its intention to invest as much as Rs 500 crore in establishing a greenfield battery pack manufacturing facility in proximity to Chennai.
- KEC International has successfully obtained new contracts totaling Rs 1,476 crore for transmission and distribution projects spanning India, the Middle East, Africa, and the Americas.
- Bharat Forge has allocated Rs 160 crore to Bharat Forge Global Holding GmbH, its wholly owned subsidiary, via a contribution to the capital reserve.
- Mahanagar Gas Limited reported that the gas supply to its industrial and commercial customers has been impacted due to curtailment. The company indicated that it has initiated essential actions to modify its gas supply in line with the established directives and is presently assessing the comprehensive impact.
- Redington has obtained a positive decision from the Commissioner of Income Tax (Appeals), resulting in the cancellation of a demand amounting to Rs 230.21 crore from the total Rs 233.66 crore assessed by the Assessing Officer for the fiscal year 2020–21.
- Samvardhana Motherson International has entered into a Share Purchase Agreement to obtain full ownership of Yutaka Autoparts India.