GIFT Nifty Opening Update
GIFT Nifty opened today at 24,051.50. It is up 183.50 points (0.77%) from yesterday’s close of 23,954.00— so the trend is positive.
The Indian stock market concluded Friday with significant declines, influenced by escalating crude oil prices and heightened tensions between the US and Iran in the Middle East, which adversely affected investor sentiment. The Sensex experienced a decline of 999.79 points, equivalent to 1.29%, concluding at 76,664.21. Meanwhile, the Nifty 50 fell by 275.10 points, representing a decrease of 1.14%, finishing at 23,897.95. Nonetheless, the market appears poised to break its losing streak, as indications from the Gift Nifty index suggest a favorable opening on Monday. Gift Nifty was positioned around the 24,108 level, indicating a premium of approximately 185 points compared to the prior close of Nifty futures.
Indian equity markets are anticipated to exhibit caution and volatility due to ongoing geopolitical uncertainty. The persistent uncertainty surrounding US–Iran tensions and wider events in the Middle East remains a significant factor impacting risk sentiment, especially in light of worries about possible supply interruptions in the Strait of Hormuz. Brent crude is currently trading between $105 and $108 per barrel, maintaining a significant influence on market sentiment,” stated Ponmudi R, CEO of Enrich Money. With the market indicating a favorable opening, certain stocks are expected to attract attention on Thursday, influenced by their individual positive or negative catalysts.
In light of current market conditions, here are the top 10 stocks to watch on Monday, April 27 –
Equities to Monitor:
- Coal India, UltraTech Cement, Adani Total Gas, SBI Cards and Payment Services are set to attract attention as these companies announce their Q4 results for 2026 today.
- Reliance Industries, under the leadership of Mukesh Ambani, announced a 13% year-on-year decline in its consolidated net profit, which reached Rs 16,971 crore for the fourth quarter on Friday. Axis Bank announced a standalone net profit of Rs 7,071 crore for the March quarter, showing a minor decrease from Rs 7,118 crore during the corresponding period last year, indicating a decline of 0.64%.
- IDFC First Bank announced a standalone net profit of Rs 319 crore for the March quarter, up from Rs 304 crore in the corresponding period last year, reflecting a 5% year-over-year growth.
- Paytm – The Reserve Bank of India has officially revoked the banking licence of the company’s associate entity, Paytm Payments Bank, effective April 24. Consequently, Paytm Payments Bank is now restricted from conducting any banking activities.
- NTPC – In alignment with its strategy to expand into alternative energy sources, the state-owned NTPC is set to develop two 700 MW nuclear power units in the Banka district of Bihar. The anticipated investment for this project is around Rs 25,000 crore.
- Adani Green is set to allocate approximately Rs 15,000 crore this financial year to enhance its battery energy storage capacity by more than 10 gigawatt-hours (GWh), aligning its strategy with the growing demand for reliable, dispatchable clean energy amid India’s swift energy transition.
- Manappuram Finance revealed in a regulatory filing on Saturday that an administrative warning has been issued by Sebi to Manappuram Finance’s Chairman and Managing Director, VP Nandakumar, due to delays in the reporting of share pledge transactions.
- Hindustan Petroleum Corporation Limited has announced that the repair and restoration work at the HPCL Rajasthan Refinery Limited (HRRL) is underway and is expected to be finalized within the next 3–4 weeks following the fire incident that occurred earlier this month, as stated in a social media update on X.