GIFT Nifty Opening Update
GIFT Nifty opened today at 24,158.50. It is up 74.00 points (0.31%) from yesterday’s close of 24,157.50— so the trend is positive.
Friday is predicted to see further volatility in the Indian market benchmarks BSE Sensex and Nifty 50 as investors navigate conflicting global cues amid rising crude oil prices and ongoing uncertainty around the US-Iran dispute, which continues to reduce risk appetite. However, early signs point to a somewhat favorable start. A premium of over 70 points over the previous closing of Nifty futures, the Gift Nifty was trading close to 24,233, suggesting that local markets would get off to a better start.
Indian stocks experienced severe pressure during the previous session, which was the second day in a row that they declined. The benchmark Nifty 50 fell below the critical 24,200 mark, indicating persistent interest in selling across a number of industries. The Nifty 50 fell 205.05 points, or 0.84%, to close the session at 24,173.05, while the Sensex fell 852.49 points, or 1.09%, to settle at 77,664.00. On Friday, April 24, the following leading stocks will continue to receive attention:
Equities to Monitor:
- Infosys has guided for EBIT margins of 20% to 22% while projecting FY27 revenue growth in the range of 1.5% to 3.5% in constant currency, broadly matching Street expectations. The company recorded a net profit of Rs 8,501 crore for the March quarter, exceeding projections, but constant currency revenue fell 1.3% sequentially. Subject to shareholder approval, the board has suggested a final dividend of Rs 25 per share.
- Tata Capital’s net profit increased 80.5% year over year to Rs 1,182 crore during the fourth quarter of FY26. As of March 31, 2026, assets under management (excluding motor finance) increased by 28% to Rs 2.52 lakh crore, while profit after tax increased by 51% to Rs 1,459 crore. Subject to shareholder approval, the board has suggested a final dividend of Rs 0.57 per share for FY26.
- Adani Energy Solutions reported mixed Q4 results, with sales climbing 16.8% to Rs 7,443 crore and net profit rising 5.7% year over year to Rs 683.8 crore. However, margin compression dropped to 28.8% from 35.3% during the same period last year as EBITDA fell 4.7% to Rs 2,145 crore.
- Cyient: Despite a 4.2% increase in revenue to Rs 1,926.9 crore, the company’s net profit decreased 32.6% sequentially to Rs 65.5 crore. Margins declined to 8.09% from 9.04% in the prior quarter, while EBIT dropped 6.8% to Rs 155.8 crore. A share buyback of up to 64 lakh equity shares at a price of Rs 1,125 each, totaling Rs 720 crore, has been approved by the board.
- LTIMindtree: With net profit of Rs 1,387 crore, slightly higher than projections of Rs 1,375 crore, and sales of Rs 11,291.7 crore compared to projections of Rs 11,155 crore, the IT company’s Q4 results were mostly in line with expectations. Sequentially, revenue increased by 4.7% and profit by 44.6%.
- Cipla: The pharmaceutical company reported that the US Food and Drug Administration has approved the first AB-rated generic version of Ventolin HFA, which is used to treat and prevent bronchospasm in adults and children four years of age and older.
- Indian Energy Exchange: Revenue jumped 22.5% to Rs 174.3 crore from Rs 142.2 crore, while profit improved 10.8% YoY to Rs 129.8 crore from Rs 117.1 crore. A final dividend of Rs 2 per share has been recommended by the board.
- Mahindra Logistics: After a loss of Rs 6.75 crore during the same period last year, the company reported a net profit of Rs 20.19 crore in Q4. EBITDA increased 44.6% to Rs 112.4 crore, while revenue increased 14.1% year over year to Rs 1,791.4 crore. Better operating leverage helped margins improve to 6.3% from 5%. Subject to shareholder approval, the board has suggested a final dividend of Rs 2.50 per share for FY26.
- UTI Asset Management Company reported a net loss of Rs 67 crore as opposed to a profit of Rs 121 crore in the previous quarter, while total income fell 22.4% to Rs 402 crore from Rs 518 crore QoQ. An interim dividend of Rs 40 per share was announced by the board.