GIFT Nifty Opening Update
GIFT Nifty opened today at 23,931.50. It is down -149.50 points (-0.62%) from yesterday’s close of 24,099.00— so the trend is negative.
The Sensex and Nifty 50 benchmark indices in India are predicted to open lower on Thursday, reflecting conflicting signals from the global market as investors became more cautious of a possible escalation in the conflict as excitement surrounding the US-Iran ceasefire faded. With the indicator lingering around 23,973—nearly 84 points below the previous close of Nifty futures—“Indian markets are likely to open on a flat to mildly negative note, as strong global cues are being tempered by fresh uncertainty around the durability of the recent geopolitical de-escalation. While US markets rallied sharply, with the Dow surging over 1,300 points on easing oil prices and ceasefire optimism, Asian markets are showing mixed trends, reflecting a more cautious undertone,” said Hariprasad K.
On Wednesday, however, the Indian stock market witnessed a strong rally following the announcement of the US-Iran ceasefire agreement, with the Nifty 50 ending close to the Rs 24,000 level. The Nifty 50 increased 873.70 points, or 3.78%, to close at Rs 23,997.35, while the Sensex rose 2,946.32 points, or 3.95%, to conclude at Rs 77,562.90. On Thursday, April 9, 2026, these equities are likely to remain in the spotlight due to the US-Iran war.
Equities to Monitor:
- Tata Consultancy Services, Anand Rathi Wealth, and GM Breweries: As the firms release their Q4 results for 2026 today, attention will remain on their shares.
- Bosch: For Rs 9,068.68 crore, the technology and services company has authorized the purchase of a 100% share in Bosch Chassis Systems India from its group companies.
- NHPC: According to NHPC, a Rs 26,070 crore investment for the Kamala Hydroelectric Project has been approved by the Cabinet Committee on Economic Affairs (CCEA).
- NTPC: Subject to the necessary regulatory permits, NTPC and Electricite de France (EDF) have signed a non-binding memorandum of understanding (MoU) to evaluate potential collaboration on new nuclear power projects in India.
- KEC International received orders worth Rs 2,518 crore, including a joint venture contract under the Kavach train safety program and its largest civil segment commercial real estate project.
- ITC Hotels: According to media sources, GQG Partners Equity Fund sold 1.3 crore shares, or 0.62% of the company’s equity, for Rs 197 crore at an average price of Rs 152.67 per share in a block sale.
- Lupin has secured approval from the United States Food and Drug Administration (US FDA) for its Dapagliflozin and Metformin Hydrochloride extended-release tablets, offered in strengths of 5 mg/500 mg, 5 mg/1,000 mg, 10 mg/500 mg, and 10 mg/1,000 mg.
- RedTape: The rights of the multinational sports footwear brand SPRANDI in India, Nepal, Bhutan, and Sri Lanka have been acquired by RedTape.
- Info Edge: With solo billings up 7.45% year over year to Rs 1,057.1 crore, Info Edge reported a steady Q4 performance.
- RITES: National Aluminium Company Limited has given RITES a Rs 119 crore Letter of Acceptance for project management consultancy (PMC) services.