GIFT Nifty Opening Update
GIFT Nifty opened today at 24,279.50. It is down -183.00 points (-0.75%) from yesterday’s close of 24,364.00— so the trend is negative.
The Indian stock market experienced significant declines on Wednesday, 23 April, breaking a three-day upward trend. The Sensex experienced a decline of 756.84 points, equivalent to 0.95%, closing at 78,516.49. Meanwhile, the Nifty 50 fell by 198.50 points, or 0.81%, finishing at 24,378.10. Analyzing the Gift Nifty trends, it appears that the Indian stock market is poised to extend its downward trajectory on Thursday, as the index indicates a negative opening. The Gift Nifty index has declined by 157 points, currently at 24,211, in contrast to the prior close of 24,364. “Indian markets are expected to begin today’s session on a negative note, with Gift Nifty indicating a soft opening around the 24,250 zone. While global cues remain somewhat mixed, the underlying tone has turned cautious, as investors grapple with rising geopolitical tensions, elevated crude oil prices, and a crucial phase of the earnings season,” said Hariprasad K.
With the market indicating a negative opening, certain stocks are expected to attract attention on Thursday owing to their individual positive or negative catalysts. Shares of Infosys, Adani Green Solutions, Tata Capital, and Union Bank of India are set to attract attention today as these companies prepare to announce their Q4 results for 2026 on Thursday. In light of current market conditions, here are the top 10 stocks that will attract attention on Thursday, April 23 –
Equities to Monitor
- Trent announced a 26% year-on-year growth in consolidated net profit for the quarter ending March 31, 2026, with earnings climbing to Rs 400 crore from Rs 318 crore in the same period last year.
- Jio Financial Services and Allianz Group finalized a binding agreement to create a 50:50 primary insurance joint venture. This move signifies their entry into India’s general and health insurance sectors, formalizing a partnership that was initially announced in July 2025.
- SBI Life Insurance disclosed a minor decrease in its standalone profit, reporting Rs 805 crore for the fourth quarter, which reflects a decline of approximately 1% in comparison to the same period last year.
- Bharat Electronics has secured new defence contracts valued at Rs 569 crore at the onset of FY27, enhancing its order book after a robust performance in FY26.
- Tata Communications reported a disappointing fourth quarter regarding profitability, as net profit fell 74.7% year-on-year to Rs 263.25 crore, a decline from Rs 1,040.5 crore.
- L&T Technology Services disclosed a mixed performance for the March quarter on Wednesday, with both revenue and profit not meeting Street expectations, despite an improvement in margins on a sequential basis.
- Hindustan Copper has allocated a capital expenditure of Rs 7,188.90 crore over the next five years to enhance its mining operations.
- Unimech Aerospace and Manufacturing, together with its fully owned subsidiary Innomech Aerospace Toolings, has sanctioned an investment of up to Rs 450 crore to acquire Hobel Bellows Co, a partnership firm, through Hobel Bellows.
- Eveready Industries India – A new alkaline battery manufacturing facility has been established in Jammu, backed by an investment of approximately Rs 200 crore. This initiative aims to enhance domestic production and reduce dependence on imports.