GIFT Nifty Opening Update
GIFT Nifty opened today at 23,889.50. It is up 8.00 points (0.03%) from yesterday’s close of 23,873.50— so the trend is positive.
Benchmark indices Sensex and Nifty 50 concluded the trading session on Wednesday, May 27, with slight declines, representing their second consecutive day of losses. This downturn was primarily influenced by underwhelming performances from notable heavyweight stocks, including HDFC Bank and ICICI Bank, despite the continued outperformance of mid- and small-cap stocks. The Sensex declined by 142 points, representing a decrease of 0.19%, to close at 75,867.80. Meanwhile, the Nifty 50 experienced a slight slip of 7 points, or 0.03%, settling at 23,907.15.
“Nifty extended its losing streak for a second session, slipping marginally by 6 points to settle at 23,907. Nifty remained in the narrow range ahead of Thursday’s market holiday. NSE cash market turnover rose by 6% compared to the previous session. From a technical perspective, Nifty is hovering around its 50-DEMA near 24,000, with the recent swing high at 24,100 acting as immediate resistance. On the downside, support is seen at 23,800, where the prior breakout aligns with the 20-DEMA, while a stronger base is placed near 23,600. These levels are likely to guide near-term positioning until a decisive breakout provides directional clarity,” said Nandish Shah.
Amid this backdrop, these stocks are likely to attract attention on Friday owing to their respective positive or negative catalysts.
Equities to Monitor:
- Asian Paints, IndiGo, Glenmark Pharma, NMDC, and IREDA shares will attract attention today as these companies are set to announce their Q4 results.
- Reliance Industries announced on Wednesday that its 49th Annual General Meeting is scheduled for Friday, June 19.
- Zydus Lifesciences announced on Wednesday that its Buyback Committee has sanctioned a modification to the current buyback programme, increasing the buyback price while decreasing the quantity of equity shares to be repurchased.
- Oil India – The state-owned company announced that its wholly owned subsidiary, OIL Green Energy Ltd, has entered into a joint venture agreement with Hindustan Waste Treatment Private Ltd, a wholly owned subsidiary of SFC Environmental Technologies Ltd, to develop bioenergy and sustainable waste management projects across India.
- Ashok Leyland reported unprecedented quarterly and annual figures in revenue, profit, and commercial vehicle volumes for FY26, bolstered by strong domestic demand, growth in exports, a thriving aftermarket sector, and increasing momentum in electric mobility.
- Godfrey Phillips India – The cigarette and tobacco products manufacturer announced that it has entered into a contract manufacturing agreement with Polisetty Somasundaram Tobacco Products (India) Private for the production and supply of cigarettes and other tobacco products.
- Patanjali Foods announced on Wednesday that it has been issued a tax demand notice totalling Rs 1,352.9 crore for FY23. The notice specifies Rs 676.46 crore allocated for both SGST and CGST, in addition to a penalty of Rs 135.29 crore and interest accruing at a rate of 18% on both CGST and SGST.
- GMR Airports on Thursday reported a net profit of Rs 302.5 crore for the January–March quarter, against a loss of Rs 237.6 crore in the corresponding period last year.
- PhysicsWallah – The edtech company reported a notable decrease in losses during the fourth quarter of FY26, attributed to strong revenue growth and improved operating leverage in both its online and offline segments.
- Bharat Dynamics – Defence PSU Bharat Dynamics (BDL) on Thursday reported a standalone net profit of Rs 113.18 crore for the January–March quarter of FY26, indicating a 58.5% year-on-year decline from Rs 272.77 crore recorded in the corresponding quarter of the previous financial year.