GIFT Nifty Opening Update
GIFT Nifty opened today at 23,157.50. It is up 403.50 points (1.80%) from yesterday’s close of 22,465.00— so the trend is positive.
The Indian stock market is likely to open on a positive note on Tuesday, tracking a rally in global markets amid indications of easing tensions in the US-Iran conflict. Asian markets advanced, while US equities closed higher overnight after the US deferred planned strikes on Iranian power infrastructure. “The Indian equity market is expected to open on a strong positive note with a sharp gap-up, supported by a meaningful improvement in global sentiment following the recent decline in crude oil prices. The easing in oil has been triggered by a temporary de-escalation in geopolitical tensions, after Donald Trump postponed the planned strikes on Iran’s power infrastructure for five days. This signals ongoing diplomatic engagement and has reduced immediate fears of a full-scale escalation, bringing short-term relief to global markets,” said Ponmudi R.
On Monday, however, the domestic market extended its losses, ending sharply lower due to heavy selling pressure driven by concerns over a prolonged US-Iran conflict. The Sensex plunged 1,836.57 points, or 2.46%, to settle at 72,696.39, while the Nifty 50 dropped 601.85 points, or 2.60%, to close at 22,512.65. Amid backdrop of de-escalation in US-Iran war, these stocks are likely to remain in focus on Tuesday, March 24, 2026 —
Stocks to monitor:
- Coal India announced that it has granted in-principle approval to divest up to 25% of its equity stake in South Eastern Coalfields Ltd (SECL) through an offer for sale (OFS).
- Indian Railway Finance Corporation has entered into a significant rupee term loan agreement with Hindustan Urvarak and Rasayan Ltd on Monday, aimed at refinancing existing long-term debt amounting to Rs 12,842 crore.
- InterGlobe Aviation, the operator of IndiGo, has announced the appointment of Aloke Singh as chief strategy officer, signaling a forthcoming senior management reshuffle within the airline.
- HDFC Bank – Tuhin Kanta Pandey, the head of the Securities and Exchange Board of India (SEBI), emphasized the importance of strong institutional processes and transparency within the board. In light of Atanu Chakraborty’s resignation as chairman of HDFC Bank, it was underscored that independent directors are required to adhere to a specified code of conduct and must ensure that any concerns are officially recorded in the minutes of board meetings.
- GR Infraprojects has obtained an order valued at Rs 2,440.87 crore from the National Highways Authority of India for the development of a greenfield segment of NH-33 in Bihar.
- Wipro has announced its intention to broaden its operations in South Korea by establishing a new Innovation Lab as part of the Wipro Innovation Network (WIN). The firm persists in its commitment to cultivating local talent, thereby enhancing its ability to serve clients both in South Korea and on a global scale.
- NBCC (India) announced that it has obtained a work order worth approximately Rs 58.61 crore from Maharaja Sriram Chandra Bhanja Deo University located in Baripada, Mayurbhanj, Odisha.
- Sula Vineyards founder and CEO Rajeev Samant has increased his ownership in the company by purchasing 1.78 lakh shares valued at over Rs 3 crore through open market transactions conducted between February 12 and March 9, according to market data.
- SEPC has sanctioned the purchase of a 90% interest in Avenir International Engineers and Consultants LLC, located in Abu Dhabi, for Rs 1,530 crore. The agreement will facilitate SEPC’s expansion within the global oil and gas industry.
- Balkrishna Industries announced that its finance committee has sanctioned the issuance of 75,000 rated, listed, unsecured, redeemable non-convertible debentures (NCDs) with a face value of Rs 1 lakh each, totaling up to Rs 750 crore, via a private placement.