GIFT Nifty Opening Update
GIFT Nifty opened today at 24,589.50. It is down -615.50 points (-2.46%) from yesterday’s close of 24,992.50— so the trend is negative.
The Indian equity market concluded on a negative note on Monday, March 2, with losses exceeding 1% due to rising tensions in the Middle East that unsettled global markets. The Nifty 50 declined by 1.24%, finishing at 24,865, whereas the BSE Sensex decreased by 1.29%, closing at 80,238. The wider market faced challenges, as both the Nifty Midcap 100 and the Nifty Smallcap 100 dropped by over 1.5%.
“Indian equity markets ended on a negative note after starting significantly lower due to the escalating military conflict in the Middle East, which led to a substantial rise in crude oil prices.” As the session progressed, targeted purchasing at reduced levels surfaced, allowing benchmark indices to reduce some of their intraday losses. “Although the recovery provided a degree of stability at the close, the overall sentiment continued to be cautious, remaining closely tied to movements in energy markets and geopolitical news,” stated Ponmudi R.
In light of the ongoing US-Iran conflict, these stocks are expected to attract attention on Wednesday, March 4, 2026 —
Equities to Monitor:
- Tata Motors CV and Mahindra & Mahindra share prices are expected to attract attention today, as both companies have released statements addressing reports regarding Indonesia’s suspension of export orders for commercial vehicles from them.
- ONGC, Oil India – The shares of ONGC and Oil India are expected to attract attention due to the increasing global crude oil prices, influenced by the US-Iran conflict and supply interruptions through the Strait of Hormuz.
- IGL, Petronet, MGL, Gujarat Gas – The shares of IGL, Petronet, MGL, and Gujarat Gas are expected to attract attention following a significant increase in European natural gas futures on Monday, triggered by the suspension of operations by a major Gulf LNG supplier in Qatar.
- Adani Ports announced that its total cargo handled in February increased by 16% year-on-year (YoY) to 42.5 MMT, fueled by robust growth in container traffic and dry cargo.
- MRPL has revealed that its board of directors has sanctioned an interim dividend for the financial year 2025–26. The board has announced an interim dividend of Rs 4 for each fully paid-up equity share of Rs 10, reflecting a 40% payout for FY26.
- Cipla has entered into a joint venture agreement with Kemwell Biopharma Pvt. Ltd., structured as a 60:40 partnership, to create a new entity in India.
- Greenply Industries announced on Tuesday that the Income Tax search and seizure operations, which began on February 26, were concluded on March 2.
- Acme Solar’s subsidiary, Acme Suryodaya, has successfully commissioned the second phase of 38 MW/82 MWh, part of the total 285 MW/600 MWh capacity, of the Battery Energy Storage System (BESS) Project in Rajasthan.
- Dynamite Technologies announced that it has entered into a Memorandum of Agreement (MoA) with Hutchinson to target the rapidly expanding aerospace market in India.