GIFT Nifty Opening Update
GIFT Nifty opened today at 24,090.50. It is down -84.50 points (-0.35%) from yesterday’s close of 24,093.00— so the trend is negative.
On April 27, investor sentiment regarding domestic equities showed improvement during Monday’s session, with benchmark indices climbing nearly 1% and ending a three-day streak of losses. The upward movement was mainly driven by a recovery in technology stocks, complemented by robust performances from pharmaceutical and consumer goods sectors, which provided additional backing. The Nifty 50 and the Sensex both experienced an increase of 0.80%. The broader market exhibited a similar trend, as the Nifty Midcap 100 and Nifty Smallcap 100 indices recorded gains exceeding 1.5%. Nevertheless, the market appears poised to end its upward momentum, as indications from the Gift Nifty index suggest a bearish start on Tuesday. Gift Nifty was positioned around the 24,076 level, reflecting a decline of more than 14.50 points compared to the prior close of Nifty futures.
“Indian markets are expected to commence with a subdued tone, as Gift Nifty suggests a predominantly stable opening near the 24,070 level. While the index remains near key support levels, the broader setup suggests a balance between supportive global cues and lingering macro uncertainties,” stated Hariprasad K. With the market indicating a downward trend, certain stocks are expected to attract attention on Tuesday, driven by their individual positive or negative catalysts. In light of current market conditions, here are the top 10 stocks to watch on Tuesday, April 28 –
Equities to Monitor:
- Maruti Suzuki, Eternal, Bandhan Bank, Castrol India, Fedbank Financial Services are set to capture attention as these companies announce their Q4 results for 2026 today.
- Trent has established Friday, May 29, 2026, as the record date to determine shareholders who qualify for its inaugural bonus issue, which will be presented in a 1:2 ratio.
- RailTel Corporation of India has obtained a letter of acceptance from Eastern Coalfields Limited for a contract valued at Rs 145.47 crore, taxes included.
- Bajaj Housing Finance demonstrated a consistent performance for the March quarter, with profit after tax rising 14% year-on-year to Rs 669 crore, while net total income increased by 20% to Rs 1,141 crore, supported by strong loan growth and stable asset quality.
- Nippon India Asset Management Company reported a 29% year-over-year increase in net profit for the quarter ending March 31, attributed to an increase in assets under management and steady growth in systematic inflows.
- AU Small Finance Bank announced a significant year-on-year increase of 65.1% in net profit, reaching Rs 831.4 crore for the fourth quarter, compared to Rs 504 crore in the same period last year. In FY26, the net profit increased by 25% year-on-year, reaching Rs 2,641 crore, up from Rs 2,106 crore in FY25.
- Mahindra & Mahindra has completed a Share Purchase Agreement with specific promoters of Carnot Technologies to obtain an additional 28.03% ownership in the company from them.
- Samvardhana Motherson International is poised to secure a 51% equity stake in Nissin Advanced Coating Indo Co (Nissin India) from Japan’s Nissin Electric Co.
- City Union Bank – In conjunction with its March quarter results released on April 27, the bank announced a bonus issue and dividend, underscoring its earnings growth and dedication to shareholder rewards.
- Rallis India reported a net loss of Rs 15 crore in the fourth quarter, an improvement from the loss of Rs 32 crore seen in the same period last year.