GIFT Nifty Opening Update
GIFT Nifty opened today at 24,223.50. It is up 3.00 points (0.01%) from yesterday’s close of 24,171.00— so the trend is positive.
The Indian equity benchmarks are poised to commence trading on a flat note this Friday, as suggested by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad experienced a decrease of 7 points, settling at 24,189, influenced by unfavorable signals from Asian markets. The Indian equity benchmarks concluded the trading session on Thursday with a decline, as investors engaged in profit booking following a robust increase of over 9% in April, analysts observed.
The SENSEX concluded the day down by 123 points, settling at 77,989, while the NIFTY50 index fell by 35 points to finish at 24,197. This decline was primarily influenced by losses in HDFC Bank, Bharti Airtel, ICICI Bank, Mahindra & Mahindra, Titan, Kotak Mahindra Bank, and State Bank of India.
Equities to Monitor:
- Waaree Renewable Technologies reported that its revenue from operations for the financial year 2025-26 surged 108% to Rs 3,331 crore, while net profit increased by 109% to Rs 478.65 crore.
- Wipro reported a net profit of Rs 3,502 crore for the quarter ending March 2026, reflecting a year-over-year decline of 2% from Rs 3,570 crore during the corresponding period last year. However, on a sequential basis, Wipro’s net profit increased by 12% from Rs 3,119 crore in the prior quarter. Wipro’s revenue from operations increased by 8% to Rs 24,236 crore in the fourth quarter of the previous financial year, compared to Rs 22,504 crore in the same period last year. The revenue from the company’s IT services increased by 0.6% on a quarter-on-quarter basis and by 2.1% year-on-year, reaching $2,651 million. Wipro’s board has sanctioned a share buyback initiative valued at Rs 15,000 crore, with the company set to repurchase shares at a price of Rs 250 each.
- HDFC Life reported a 4% year-on-year (YoY) rise in its standalone profit after tax (PAT), amounting to Rs 495.65 crore. During the same timeframe in the previous fiscal year, the company reported a profit of Rs 476.54 crore, as stated in a regulatory filing. The life insurance division of HDFC Bank experienced an 8.68% year-over-year increase in its net premium income, reaching Rs 25,829.43 crore for the quarter in question, up from Rs 23,765.56 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).
- SpiceJet – On Thursday afternoon at the Delhi airport, an incident occurred involving an Akasa Air aircraft and a SpiceJet plane, resulting in damage to both. The aviation watchdog DGCA is currently investigating the matter, as reported by officials. Following the incident, both Boeing 737 aircraft have been grounded at the airport. The Directorate General of Civil Aviation (DGCA) announced that an air traffic controller, along with the SpiceJet pilots, has been de-rostered while the investigation is ongoing.
- Indian Hotels revealed the signing of a 70-key greenfield Gateway hotel located in Dirang, Arunachal Pradesh. “Supported by its natural landscape and improving accessibility, Dirang is witnessing growing demand from both leisure travellers and adventure enthusiasts. The signing of Gateway Dirang reflects IHCL’s focus on pioneering new and emerging destinations and we are delighted to partner with Phurpa Tsering for this project,” IHCL Executive Vice President Real Estate and Development, Suma Venkatesh said in a statement. The inclusion of this hotel brings IHCL’s total to 21 properties in the North East, with 12 currently in the development phase.
- PTC India on Thursday disclosed the appointment of Sukhdev Singh as Non-Executive Chairman of the company. In February, the Board of Directors of PTC India sanctioned the separation of the unified role of Chairman & Managing Director into two separate positions — Chairman (Non-Executive) and Managing Director (Executive), according to a regulatory filing.
- Paras Defence announced on Thursday a strategic partnership with a US-based firm, aimed at introducing established air-to-air refuelling technologies and support services for the Indian armed forces. An official statement indicated that the agreement will also result in related services for the Indian armed forces. Mumbai-based Paras Defence and Space Technologies has announced an agreement with US-based Bandak Aviation Inc. DBA Northstar, as stated by the Indian firm.