GIFT Nifty Opening Update
GIFT Nifty opened today at 23,635.50. It is down -167.00 points (-0.70%) from yesterday’s close of 23,708.00— so the trend is negative.
On Friday, May 15, benchmark indices Sensex and Nifty 50 ended their two-day winning streak as profit booking impacted the markets. This decline was influenced by weak global cues, a significant rise in crude oil prices, and the rupee hitting a new all-time low against the US dollar. The Sensex declined by 161 points, representing a decrease of 0.21%, concluding at 75,237.99. Meanwhile, the Nifty 50 experienced a drop of 46 points, or 0.19%, finishing at 23,643.50. However, the market is poised to end its gaining streak as indications from the Gift Nifty index suggest a negative opening on Monday. Gift Nifty was positioned around the 23,521 level, reflecting a decline of more than 186 points compared to the prior closing of Nifty futures.
“Indian markets are likely to open on a cautious note as renewed geopolitical rhetoric from the U.S. continues to weigh on global investor sentiment. U.S. President Donald Trump issued a fresh warning stating that the “clock is ticking for Iran,” signaling growing impatience over the pace of negotiations and increasing uncertainty surrounding the ongoing U.S.–Iran situation and the Strait of Hormuz. This continues to remain a key overhang for global financial markets,” said Ponmudi R. With the market indicating a negative opening, certain stocks are expected to attract attention on Monday based on their individual positive or negative catalysts.
Stocks to Monitor:
- Indian Oil, Ola Electric, JSW Cement The shares of Indian Oil, Ola Electric, and JSW Cement are set to attract attention today as these companies are scheduled to announce their Q4 results.
- Vodafone Idea reported a net profit of Rs 51,970 crore in the fourth quarter, a significant turnaround from a loss of Rs 5,286 crore in the previous quarter, bolstered by an exceptional gain.
- Hindustan Copper announced a consolidated net profit of Rs 444 crore for the quarter ending in March, a significant rise from Rs 189 crore in the same period last year, reflecting a 134% increase year-on-year.
- Tata Steel reported a consolidated net profit of Rs 2,965 crore for the quarter ending in March, a significant rise from Rs 1,201 crore during the same period last year, reflecting a 147% increase.
- Power Finance Corporation has advanced its plans for a merger with REC Limited, as its board has approved the request for formal consent from the President of India regarding the transaction.
- Steel Authority of India – State-owned Steel Authority of India Ltd reported a consolidated net profit of Rs 1,836 crore for the fourth quarter, reflecting a 46.7% year-on-year increase from Rs 1,251 crore in the same period last year.
- Power Grid Corporation of India – On Friday, May 15, the company announced a 9.7% year-on-year rise in consolidated net profit for Q4FY26, amounting to Rs 4,546.3 crore.
- Cochin Shipyard reported a varied performance for the March quarter on May 15, with both revenue and net profit experiencing a year-on-year decline, although margins showed notable improvement due to enhanced operational performance.
- Premier Energies reported a 64.4% year-on-year increase in consolidated net profit for the fourth quarter ended March 31, 2026, amounting to Rs 456.8 crore, up from Rs 277.8 crore in the same period last year, driven by strong revenue growth.
- Bajaj Electricals reported a consolidated net loss of Rs 67.5 crore in the fourth quarter of FY26, compared to a profit of Rs 59.1 crore in the same period last year. The decrease was primarily attributed to diminished operational performance and a notable change in exceptional items.
- Delhivery reported a slight year-on-year decrease of 0.2% in net profit for the fourth quarter, with figures of Rs 72.4 crore compared to Rs 72.6 crore in the corresponding quarter last year.
- Emcure Pharma – The Pune-based pharmaceutical company announced that the United States Food and Drug Administration (US FDA) conducted a current Good Manufacturing Practices (cGMP) inspection at its formulations manufacturing facility located in Sanand, Ahmedabad, Gujarat, from May 6 to May 15, 2026.
- NCC Ltd reported a decline of 18.8% in consolidated net profit for the fourth quarter, with profit decreasing to Rs 206 crore from Rs 253.8 crore in the same period last year.