GIFT Nifty Opening Update
GIFT Nifty opened today at 23,547.50. It is up 105.00 points (0.45%) from yesterday’s close of 23,385.50— so the trend is positive.
The Indian stock market benchmark indices – Sensex and Nifty 50 – are expected to commence on a positive note on Tuesday, extending the gains from the prior session, bolstered by a rally in global markets, although caution remains due to the ongoing US-Iran conflict. Asian markets showed positive movement, and the US stock market experienced gains overnight, propelled by robust performance in technology and AI-related stocks. “Indian equities are anticipated to commence on a positive trajectory today, bolstered by strong global indicators. Initial signals from Gift Nifty, starting at approximately 23,525, suggest a positive opening for domestic markets following the recent corrective period. Global sentiment showed signs of improvement overnight, bolstered by the easing of crude oil prices, which in turn supported risk appetite. The Dow Jones Industrial Average closed nearly 400 points higher, breaking a three-week losing streak as crude oil fell below the $95 per barrel mark,” stated Hariprasad K.
On Monday, domestic equities closed with notable gains, supported by late buying in financial, auto, and FMCG sectors, even amidst ongoing geopolitical concerns. The Sensex experienced a significant increase of 938.93 points, representing a rise of 1.26%, concluding at 75,502.85. Meanwhile, the Nifty 50 advanced by 257.70 points, or 1.11%, finishing at 23,408.80. In light of the ongoing US-Iran conflict, attention is expected to be directed towards these stocks on Tuesday, March 17, 2026 —
Equities to Monitor:
- Reliance Industries Limited on Monday disclosed that it has secured a binding long-term agreement to supply green ammonia to South Korea’s Samsung C&T Corporation, representing one of the largest transactions worldwide in the burgeoning green fuels sector.
- Tata Motors has declared a price increase of as much as 1.5% for its commercial vehicles, set to take effect on April 1, in order to partially mitigate the impact of escalating commodity prices and input costs.
- RVNL has obtained a letter of acceptance (LoA) from NMDC Ltd for a contract valued at Rs 95.27 crore to undertake the refurbishment of permanent railway tracks and related infrastructure in Chhattisgarh.
- Ola Electric – As reported by PTI, Ola Electric is set to raise Rs 2,000 crore through the divestment of a stake in its battery subsidiary, Ola Cell Technologies (OCT).
- Sun Pharmaceutical Industries has secured approval from the US Food and Drug Administration to expand the therapeutic application of its innovative drug Ilumya for the treatment of adults with active psoriatic arthritis.
- RailTel Corporation of India has successfully obtained a work order valued at Rs 42.63 crore, which includes taxes, from the National Informatics Centre Services Incorporated. This order pertains to the New Core Link as part of the National Knowledge Network (NKN) project.
- Gujarat Mineral Development Corporation has established a memorandum of understanding (MoU) with NMDC Ltd to investigate potential collaboration opportunities within the rare earth elements (REE) sector.
- Power Mech Projects has secured a contract valued at Rs 709.56 crore from Adani Infrastructure Management Services Ltd for the provision of operations and maintenance services at a significant thermal power plant located in Maharashtra.
- Zydus Lifesciences‘ US-based subsidiary, Sentynl Therapeutics Inc., is poised to finalize an agreement with PRG S&T, a South Korean company dedicated to advancing therapies for rare genetic disorders, to license its investigational drug Progerinin (SLC-D011) aimed at treating Hutchinson-Gilford Progeria Syndrome.