GIFT Nifty Opening Update
GIFT Nifty opened today at 22,867.00. It is down -389.00 points (-1.70%) from yesterday’s close of 22,851.00— so the trend is negative.
The Indian benchmark indices, Sensex and Nifty 50, are anticipated to commence trading on a subdued note on Thursday, as investor sentiment has shifted to a more cautious stance following US President Donald Trump’s remarks indicating that American forces would engage Iran “very hard” in the coming two to three weeks. Gift Nifty trends indicate a gap-down opening for the domestic markets, with the index positioned at approximately 22,393 — reflecting a decline of nearly 445 points from the previous close of Nifty futures. “Indian equity markets are poised to commence trading with a cautiously optimistic outlook, aiming to extend the gains from the prior session’s recovery, which was fueled by a reduction in geopolitical tensions in the Middle East and initial indications of de-escalation in the U.S.–Iran conflict. The adjustment contributed to a decrease in crude oil prices, providing prompt relief to international markets and enhancing investor confidence,” stated Ponmudi R.
Asian markets experienced an upward trend, while US equities finished the previous session in positive territory, propelled by increases in major index stocks. On Wednesday, the Indian stock market concluded its two-day decline, achieving notable gains. The Sensex surged 1,186.77 points, or 1.65%, to finish at 73,134.32, while the Nifty 50 rose 348.00 points, or 1.56%, to settle at 22,679.40. In light of the ongoing US-Iran conflict, attention is expected to be directed towards these stocks on Thursday, April 2, 2026 —
Equities to Monitor:
- Maruti Suzuki India disclosed a 17% year-on-year rise in total sales, achieving 2,25,251 units in March, compared to 1,92,984 units in the same month last year, according to a regulatory filing.
- Indian Oil Corp announced that its refineries achieved a record crude throughput of 75.4 MMT in FY26, while sustaining an operational reliability of 99.5%.
- IndiGo has declared an adjustment to fuel surcharges for both domestic and international flights, applicable to all new bookings made starting at 12:01 am on April 2, in response to a significant rise in aviation fuel prices.
- Varun Beverages announced in an exchange filing that it has established Wednesday, April 8, 2026, as the record date for identifying shareholders who will be eligible to receive the final dividend for the financial year ending December 31, 2025.
- Lupin has disclosed that its subsidiary is set to acquire a 43.38% stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI) in a transaction valued at up to $39.6 million, aligning with its strategy to enhance its presence in the Philippine market.
- NMDC has announced a notable rise in iron ore production and sales for March, with both output and dispatches demonstrating strong year-on-year growth, according to the company’s provisional data.
- Hero MotoCorp has completed the acquisition of 2,68,219 Series E cumulative compulsorily convertible preference shares of Euler Motors for Rs 210 crore.
- Glenmark Pharmaceuticals Inc., USA, has declared its intention to oversee the full commercialization and distribution of Ryaltris (Olopatadine Hydrochloride and Mometasone Furoate) Nasal Spray, 665 mcg/25 mcg, in the United States, starting April 1.
- Wipro has appointed Nagendra Bandaru, who is currently the President and Managing Partner of Technology Services Global Business Lines (GBLs), as the Chief Executive Officer of the AI-Native Business & Platforms unit.
- Tata Power announced in a regulatory filing that it has resumed operations at its 4,150 MW Mundra thermal power plant following a shutdown that lasted nearly nine months.