GIFT Nifty Opening Update
GIFT Nifty opened today at 24,443.00. It is up 53.50 points (0.22%) from yesterday’s close of 24,341.50— so the trend is positive.
The Indian equity benchmarks, Sensex and Nifty 50, are anticipated to commence trading on a favorable note on Tuesday, April 21, influenced by signals from global markets in light of revived optimism regarding peace negotiations between the US and Iran. Gift Nifty trends also suggest a firm start for domestic indices, with the index trading near the 24,417 mark, reflecting a premium of about 77 points over the previous close of Nifty futures. “Indian markets are poised to open on a slightly positive note, with Gift Nifty indicating an opening around the 24,400 zone. However, despite the stable start, the overall setup remains highly event-driven, with volatility expected to play a central role in today’s session given the weekly expiry,” said Hariprasad K.
On Monday, the Indian stock market concluded with slight increases, as escalating crude oil prices and persistent uncertainty regarding the US–Iran conflict maintained a cautious investor sentiment. The BSE Sensex increased by 26.76 points, representing a rise of 0.03%, closing at 78,520.30. Meanwhile, the Nifty 50 saw an uptick of 11.30 points, or 0.05%, concluding at 24,364.85. In the context of the ongoing US-Iran conflict, attention is expected to be directed towards these stocks on Tuesday, April 21, 2026 —
Equities to Monitor:
- HCL Tech, Nestle India, 360 ONE WAM, and Tata Elxsi are poised to attract attention on Tuesday, as these firms prepare to announce their Q4 results for 2026.
- Vedanta has established May 1 as the record date for its current demerger process. The board has sanctioned the scheme to take effect on the specified date and has delineated the share allotment ratios for the four newly established entities.
- TVS Motor has entered into a joint development agreement with Hyundai Motor Company aimed at the design, production, and commercialization of electric micromobility three-wheelers for markets in India and abroad.
- PNB Housing Finance announced a 19% rise in its profit for the fourth quarter on Monday, attributed to strong demand for home loans and enhanced asset quality.
- RailTel Corporation of India disclosed in a filing that it has obtained a Letter of Acceptance from the Municipal Corporation of Greater Mumbai for a cloud services initiative.
- Hindustan Copper unveiled its Rs 7,188.60 crore mine expansion initiative and delineated its Vision 2030 strategy at the annual meeting.
- JSW Steel has formed a joint venture with South Korea’s POSCO to develop a 6 mtpa greenfield steel plant in Odisha.
- AU Small Finance Bank announced that its board will evaluate strategies to raise capital via a qualified institutional placement (QIP), preferential allotment, or other feasible methods on April 27.
- Suzlon Energy and Korea-based GS E&C have entered into a preliminary agreement to collaborate in the renewable energy sector in India, aiming to enhance related solutions.
- NELCO reported a net profit of Rs 1.1 crore in the fourth quarter, marking a significant recovery from a net loss of Rs 4.1 crore in the corresponding period of the previous year. Additionally, revenue experienced a year-on-year increase of 17.3%, reaching Rs 79.2 crore.