GIFT Nifty Opening Update
GIFT Nifty opened today at 23,651.00. It is up 130.50 points (0.55%) from yesterday’s close of 23,515.50— so the trend is positive.
India’s benchmark equity indices, the Sensex and Nifty 50, concluded the trading session on Thursday, May 21, with slight declines, influenced by profit-taking activities in major stocks including Reliance Industries, Bharti Airtel, and Infosys. The Sensex declined by 135 points, representing a decrease of 0.18%, concluding at 75,183.36. Meanwhile, the Nifty 50 experienced a slight drop of 4 points, or 0.02%, finishing at 23,654.70.
“Benchmark indices ended on a negative note on 21 May during the weekly Sensex expiry session, as markets witnessed volatile trade and profit booking at higher levels. Although crude oil prices cooled off and the Indian Rupee recovered after touching record low levels, selling pressure continued to weigh on the indices through the session. At close, the Sensex declined 135.03 points or 0.18% to settle at 75,183.36, while the Nifty slipped 4.30 points or 0.02% to close at 23,654.70,” said Bajaj Broking Research in a note. With the market indicating a favourable opening, certain stocks are expected to attract attention on Friday, influenced by their individual positive or negative catalysts.
Equities to Monitor:
- Sun Pharma, Hindalco, Eicher Motors, Torrent Pharma, and NTPC Green are set to attract attention as these companies announce their Q4 results for 2026 today.
- ITC – Diversified conglomerate ITC Ltd on Thursday reported a 5% year-on-year increase in consolidated net profit for the March quarter, amounting to Rs 5,113 crore, compared to Rs 4,875 crore in the corresponding period of the previous year.
- Maruti Suzuki India, the leading passenger vehicle manufacturer in the country, announced on Thursday a price increase of up to Rs 30,000 across its entire model lineup, effective June 2026. The company cited ongoing inflationary pressures and rising input costs as the reasons for this decision.
- Nykaa reported a significant rise in fourth-quarter earnings, with consolidated net profit climbing to Rs 78.4 crore in Q4FY26 from Rs 20.3 crore in the same period last year, propelled by strong revenue growth and enhanced margins.
- GAIL (India) Limited on Thursday reported a 21.2% decline in net profit for the March quarter, amounting to Rs 1,262.2 crore, a decrease from Rs 1,603 crore in the previous quarter.
- Tata Steel announced on Thursday, May 21, that the Supreme Court of India has stayed further proceedings in a GST input tax credit (ITC) case related to a tax demand of Rs 890.52 crore for FY2018-19 to FY2020-21.
- Honasa Consumer – The FMCG company reported a significant rise in net profit for the March quarter, with earnings soaring 176% year-on-year to Rs 69 crore, up from Rs 25 crore in the corresponding period last year.
- LG Electronics reported its highest quarterly revenue to date in Q4FY26, propelled by a widespread recovery in demand and significant growth in premium product categories, such as large-screen televisions, French-door refrigerators, fully automatic washing machines, and 5-star rated air conditioners.
- Aurobindo Pharma, the drug manufacturer, reported a 2% year-on-year increase in consolidated net profit for the March quarter, amounting to Rs 921 crore, compared to Rs 903 crore during the corresponding period last year.