GIFT Nifty Opening Update
GIFT Nifty opened today at 24,151.50. It is down -69.00 points (-0.28%) from yesterday’s close of 24,256.00— so the trend is negative.
The Indian stock market experienced an uptick on Wednesday, April 29, although it surrendered a considerable amount of its intraday advancements due to profit-taking at elevated levels, resulting in a notable decline during the latter part of the session. The Nifty 50 experienced a decline of approximately 170 points from its intraday high, concluding at 24,164, while still marking a 0.70% increase compared to the prior close. In a similar fashion, the Sensex declined by 462 points from its intraday peak but concluded the session with an increase of 0.82% at 77,520. Nevertheless, the market appears poised to extend its downward trajectory, as indications from the Gift Nifty index suggest a negative start on Thursday. Gift Nifty was positioned around the 24,165 level, reflecting a decline of more than 91 points compared to the prior closing of Nifty futures.
“Indian equity markets are likely to trade with a cautious bias in the near term, with volatility expected to remain elevated amid a confluence of global macroeconomic factors and persistent geopolitical tensions. The Federal Reserve has kept interest rates unchanged, signalling a data-dependent stance as it balances inflation risks against growth concerns, even as uncertainty remains elevated amid the ongoing Middle East conflict,” said Ponmudi R. With the market indicating a downward trend, certain stocks are expected to attract attention on Thursday based on their individual positive or negative catalysts.
In light of current market conditions, the following are the ten stocks that will capture attention on Thursday, April 30 –
Equities to Monitor:
- Hindustan Unilever, Adani Enterprises, Indus Towers, Bajaj Finserv, Mazagon Dock Shipbuilders, IDBI Bank are set to capture attention as these companies announce their Q4 results for 2026 today.
- Adani Power – The net profit of the thermal power producer for the quarter surged by 52% year-on-year, reaching Rs 4,017 crore, compared to Rs 2,637 crore in the same period last year.
- Bajaj Finance, India’s largest NBFC, reported a stable performance for the March quarter on April 29. The net profit increased by 22% year-over-year to Rs 5,465 crore, compared to Rs 4,480 crore in the same period last year.
- Larsen & Toubro announced in an exchange filing that it has entered into a Share Purchase Agreement with Hyderabad Metro Rail Limited to divest its complete stake in L&T Metro Rail (Hyderabad) Limited for Rs 1,461.47 crore.
- Adani Green plans to increase its battery energy storage capacity by up to 15,000 gigawatt-hours (GWh) each year, a strategy that will require investments amounting to thousands of crores.
- Motilal Oswal Financial Services disclosed a significant consolidated net loss of Rs 221 crore for the March quarter, an increase from Rs 65 crore during the corresponding period last year, despite a remarkable 125% year-on-year rise in its revenue from operations.
- Navin Fluorine International reported a fourth-quarter net profit of Rs 213 crore, reflecting a more than twofold increase from the Rs 95 crore reported in the same period last year.
- IIFL Finance showcased a strong performance in the fourth quarter on Wednesday, April 29, with net profit rising to Rs 586.8 crore from Rs 207.7 crore in the corresponding period last year, according to an exchange filing.
- Brigade Enterprises has disclosed its formation of a 50:50 joint venture with Bain Capital aimed at developing a premium mixed-use project in Whitefield, Bengaluru.
- Jana Small Finance Bank announced a 13.3% year-on-year rise in its fourth-quarter net profit, reaching Rs 140 crore, compared to Rs 123 crore in the same period last year.