GIFT Nifty Opening Update
GIFT Nifty opened today at 24,217.00. It is down -180.50 points (-0.74%) from yesterday’s close of 24,240.00— so the trend is negative.
The Indian stock market concluded Friday’s session in negative territory, reflecting a consecutive decline as selling pressure mounted on major index stocks. The Sensex experienced a decline of 516.33 points, representing a decrease of 0.66%, closing at 77,328.19. Meanwhile, the Nifty 50 saw a drop of 150.50 points, which is a 0.62% fall, finishing at 24,176.15. However, the market is poised to extend its losing streak as indicators from the Gift Nifty index suggest a negative opening on Monday. Gift Nifty was positioned around the 24,092 level, reflecting a decline of more than 142 points from the prior closing of Nifty futures.
“On the domestic front, institutional flows, rupee movement and sectoral participation—particularly within banking and energy-linked stocks—are expected to remain key drivers of market direction. While selective domestic buying is offering some support to benchmark indices, foreign institutional investor (FII) activity will be closely monitored amid continued selling pressure in recent sessions. Overall, market sentiment remains highly news-driven and volatile, with geopolitical developments, crude oil trends and institutional flow dynamics likely to dictate the near-term trajectory,” said Ponmudi R.
In light of current market conditions, the following are the top 10 stocks that will attract attention on Monday, 11 May –
Equities to Monitor:
- Canara Bank, Indian Hotels, and JSW Energy will attract attention as they are set to release their Q4 results today.
- Swiggy has successfully decreased its losses to Rs 800 crore in the fourth quarter, a notable improvement from Rs 1,081 crore in the same period last year and Rs 1,065 crore in the previous quarter.
- Multi Commodity Exchange of India has announced a consolidated net profit of Rs 530 crore for the quarter ending in March, a significant increase from Rs 135 crore during the same period last year, reflecting a remarkable 291% year-on-year growth.
- Urban Company reported a net loss of Rs 161.2 crore in Q4, significantly larger than the profit of Rs 2.84 crore noted in the same quarter last year, even with a 42.6% year-on-year increase in revenue to Rs 425.6 crore from Rs 295.5 crore.
- Tata Consumer Products on Friday announced a consolidated net profit of Rs 419 crore for the fourth quarter, reflecting a 21% rise from Rs 345 crore reported in the same quarter of the previous year.
- Hyundai Motor – The organization underperformed relative to the sector regarding volume expansion. Net profit experienced a decline of 22% year-on-year, amounting to Rs 1,256 crore, whereas revenue saw an increase of 5%, reaching Rs 18,916 crore.
- Bank of Baroda – The lender anticipates a deposit growth ranging from 10% to 12% for FY27, with Net Interest Margins (NIMs) expected to stay within the range of 2.75% to 2.95% throughout the financial year.
- Bajaj Healthcare reported a net loss of Rs 22.9 crore in the fourth quarter, compared to a net profit of Rs 11.2 crore during the same period last year, with revenue declining by 0.9% year-on-year to Rs 143.6 crore.