GIFT Nifty Opening Update
GIFT Nifty opened today at 23,579.00. It is up 70.00 points (0.30%) from yesterday’s close of 23,582.00— so the trend is positive.
The Indian stock market is anticipated to commence on a stable note on Wednesday, bolstered by favorable global indicators. Indicators in GIFT Nifty suggest a slightly positive opening for local markets. It was trading around the 23,648 level, indicating a premium of approximately 31 points compared to the prior close of Nifty futures. “The Indian equity market is anticipated to commence on a careful but stable note, as it seeks to build on the recovery observed over the last two sessions. This enhancement is primarily backed by strategic purchasing in essential sectors like metals, automotive, banking, and certain large-cap equities, suggesting that investors are slowly re-entering the market following recent adjustments,” stated Ponmudi R.
On Tuesday, the Indian stock market demonstrated robust performance, with the Nifty 50 finishing above the 23,500 mark. The Sensex increased by 567.99 points, or 0.75%, closing at 76,070.84, whereas the Nifty 50 rose by 172.35 points, or 0.74%, finishing at 23,581.15. In light of the ongoing US-Iran conflict, these stocks are expected to attract attention on Wednesday, March 18, 2026 —
Equities to Monitor:
- Urban Company – DF International Partners II LLC, an early investor in Urban Company, divested its complete stake in the tech-enabled home services platform via a block deal on Tuesday.
- Tata Steel’s board on Tuesday sanctioned the merger of NINL with the company, alongside a $2 billion investment in its wholly owned subsidiary, T Steel Holdings Pte.
- Maruti Suzuki India has been issued a draft assessment order by the Income Tax Authority for a total of Rs 5,786 crore. The automaker announced in a regulatory filing that it intends to submit objections to the Dispute Resolution Panel.
- Tech Mahindra announced that its wholly owned subsidiary, Tech Mahindra London Limited (TMLL), has signed and executed a share sale and purchase agreement with Midad Company Ltd to acquire a 20% equity stake in Tech Mahindra Arabia Ltd, another subsidiary of the firm.
- Varun Beverages – The FMCG company’s South Africa-based subsidiary, The Beverage Company Proprietary Ltd (Bevco), has entered into an agreement to obtain a complete equity stake in Crickley Dairy Proprietary.
- Wipro has revealed a strategic alliance with Harness aimed at accelerating AI-native software delivery for enterprises worldwide, enhancing speed, reliability, and governance.
- Punjab National Bank, a state-run entity, has called for bids regarding the sale of non-performing assets (NPAs) associated with Rolta Pvt Ltd, valued at Rs 450.85 crore.
- Aurobindo Pharma announced that the US Food and Drug Administration (FDA) has designated one of its subsidiary facilities — Unit II of Eugia Pharma Specialities Ltd — as “Official Action Indicated” (OAI) after conducting an inspection.
- Ceigall India announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has emerged as the lowest (L1) bidder for two tenders released by the Punjab Infrastructure Development Board.
- Strides Pharma International AG, a subsidiary of Strides Pharma Science, has entered into definitive agreements with Sandoz AG and its affiliated entities to acquire and in-license a range of branded generic products throughout sub-Saharan Africa.