GIFT Nifty Opening Update
GIFT Nifty opened today at 23,890.00. It is up 254.00 points (1.07%) from yesterday’s close of 23,691.00— so the trend is positive.
The benchmark indices on the Indian stock market are poised for a gap-up opening on Monday, May 25, as the Nifty futures at the GIFT city in Ahmedabad show an upward trend, suggesting a favourable outlook for stocks today. NSE data indicated that the GIFT NIFTY futures increased by 0.96% to 23,949 points prior to the opening bell on Monday, supported by favourable signals from declining crude oil prices, momentum from Asian markets, and a rising optimism regarding a potential US-Iran peace agreement.
Last week, the NIFTY50 index experienced a weekly increase of 0.3%, concluding at 23,719 points following Friday’s trading session. Similarly, the BSE SENSEX recorded a weekly rise of 0.2%, finishing at 75,415 points. The domestic stock market is anticipated to commence with substantial gains on Monday, May 25. The GIFT NIFTY futures indicate that the NIFTY50 index is poised to open 207 points higher.
Equities to monitor:
- Earnings today – According to the BSE list, 219 companies are scheduled to report their March quarter results today. The list comprises entities including Hitachi Energy India, Rail Vikas Nigam, Suzlon Energy, NBCC (India), Pine Labs, Container Corporation of India, Amara Raja Energy & Mobility, Sudarshan Chemical Industries, Campus Activewear, Surya Roshni, TVS Supply Chain Solutions, Aditya Birla Fashion & Retail, and NESCO, among others.
- Oil-linked stocks, particularly oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation Limited, will attract attention as crude oil prices experienced a significant decline in early Asian trading on Monday. This movement follows reports from the weekend indicating that negotiations to reopen the Strait of Hormuz are nearing completion. At this time, both oil benchmarks had experienced a decline exceeding 5%, with Brent retreating below the $100 mark to trade at $98.27, while WTI decreased to $91.63. Paints, tyres, and aviation stocks will attract attention. Additionally, oil marketing companies will attract investor attention following the increase in petrol and diesel prices by 2.61-2.71 per litre on Monday. This marks the fourth price hike in under two weeks, as state-owned fuel retailers persist in transferring the burden of escalating international oil prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices have approached 7.5 per litre since fuel price adjustments resumed on May 15 following an extended freeze, raising concerns regarding inflationary pressures and elevated transport costs throughout the economy. The latest revision resulted in an increase of Rs 2.61 per litre for petrol and Rs 2.71 per litre for diesel, as reported by industry sources. Petrol prices in Delhi have been elevated to Rs 102.12 per litre, up from Rs 99.51, while diesel prices have seen an increase to Rs 95.20 per litre, rising from Rs 92.49.
- Sterlite Technologies shares are poised to attract significant attention from stock market investors on Monday, May 22, following the announcement that the telecom equipment maker’s subsidiary has secured a supply order exceeding Rs 10,000 crore from an unnamed ‘hyperscale’ partner, according to an exchange filing. “We hereby wish to inform you that a subsidiary of Sterlite Technologies Limited has received a Product Award Letter (PAL) from a hyperscale partner for a multi-year supply of optical connectivity products,” the company informed the stock exchanges. In the NSE filing, the company revealed that the international order pertains to an undisclosed United States-based ‘hyperscale’ client, for which Sterlite Tech will provide optical connectivity products tailored to the customer’s specifications. The deal details further indicated that the contract, valued at approximately $1.1 billion or Rs 10,622 crore (based on an Indian rupee exchange rate of 95.7), is set to be executed over a multi-year period concluding by the end of March 2029.
- Wipro announced on Friday, May 22, that it has set the record date for its largest-ever buyback, amounting to Rs 15,000 crore, as per a regulatory filing. The company announced that it has established Friday, June 5, 2026, as the record date to ascertain the entitlement and identify the equity shareholders eligible to partake in the buyback. On April 16, Wipro’s board of directors approved a proposal to buy back up to 60 crore fully paid-up equity shares of Rs 2 each, representing 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding Rs 15,000 crore at a price of Rs 250 per equity share.
- Hindalco Industries reported its earnings for the January-March quarter of the 2025-26 financial year (Q4 FY26) on Friday, May 22, revealing a 26.74% quarter-on-quarter surge in its consolidated net profit to Rs 2,597 crore. In the previous quarter, it reported a profit of Rs 2,049 crore. However, on a year-on-year basis, its profit declined by 50.83% from Rs 5,284 crore in the March quarter of the 2024-25 fiscal year. Its bottom line was affected by the Oswego disruption resulting from fires, as stated in a regulatory filing.
- Sun Pharmaceuticals reported a 26% increase in its consolidated net profit after tax (PAT) for the March quarter of the fiscal year ending 2025-26, attributed to the company’s robust performance in the domestic market. The NSE filings indicated that Sun Pharma’s net profits increased by 26% to Rs 2,714 crore in the fourth quarter, compared to Rs 2,149 crore in the same period a year earlier, according to the consolidated financial statements.
- Eicher Motors reported a nearly 12% increase in net profit after tax (PAT), driven by a robust growth in core revenues, attributed to strong domestic market demand in India, as stated in an exchange filing. In the NSE filing, Eicher Motors reported a nearly 12% increase in consolidated net profit after tax to Rs 1,520 crore for the fourth quarter of the fiscal year ending 2025-26, compared to Rs 1,362 crore during the corresponding period of the previous year. The automaker’s revenue from core operations increased by 15.7% year-on-year to Rs 5,961 crore in the March quarter, compared to Rs 5,150 crore in the corresponding quarter of the previous fiscal year, according to the consolidated statements.
- Signature Global aims to nearly double its operational revenue this fiscal year to Rs 5,000 crore, driven by improved project execution, according to a senior company official. Gurugram-based Signature Global Ltd reported a slight increase in income from operations, rising to Rs 2,595.86 crore in the last fiscal year, compared to Rs 2,498 crore in 2024-25. We have provided the revenue recognition guidance of Rs 5,000 crore for the current fiscal year,” stated Signature Global Chairman Pradeep Aggarwal in an interview. He noted that construction activities were impacted in the last fiscal year due to restrictions implemented in response to elevated air pollution levels throughout Delhi-NCR. Aggarwal indicated that the prohibition on construction activities has postponed the completion of certain projects, thereby affecting revenue recognition as well.
- Anupam Rasayan has entered into an agreement to acquire up to a 43.3% stake in Bliss GVS Pharma Ltd., a pharmaceutical formulations company, for an estimated 1,369.51 crore. Additionally, the company plans to initiate an open offer to acquire a further 26% stake in the firm, as stated in their announcement. The Surat-based company will acquire a 43.3% stake at Rs 299 per share for Rs 1,369.51 crore and will initiate a mandatory open offer for an additional 26% from public shareholders at the same price, as stated by Anupam Rasayan in a late-night regulatory filing. We have entered into a definitive agreement to acquire a 43.3%-48.2% equity stake and are making an open offer to the public shareholders of Bliss GVS Pharma,” Anand Desai stated. The acquisition will be financed through a Rs 300 crore term loan, with the balance covered by a non-controlling, non-voting equity instrument. This will strategically strengthen our presence across the pharmaceutical value chain, spanning key starting materials to finished dosage formulations,” Desai added. Bliss GVS Pharma engages in the development and export of a diverse array of formulations, encompassing suppositories, tablets, capsules, and injectables. The company, founded in 1984, possesses EU-GMP certification and runs manufacturing facilities in Maharashtra and Daman, having received approvals from the USFDA and the World Health Organization.
- Studds Accessories announced a 6.1% increase in its post-tax profit, reaching Rs 21.1 crore for the March quarter of FY26. The profit after tax during the fourth quarter of FY25 was recorded at Rs 19.9 crore, according to Studds Accessories Ltd. Net revenue from operations during the quarter under review amounted to Rs 167.5 crore, reflecting an increase of 11% from Rs 149.8 crore in the January-March period of 2024-25. For the entire FY26, net profit increased by 18.7% year-on-year to Rs 82.7 crore, while revenue rose by 8.6% to Rs 634.2 crore. The year (FY26) was characterised by robust growth in both domestic and export markets, bolstered by an enhanced product mix, premiumisation strategies, operational efficiencies, and strong brand acceptance across various segments, stated Sidharth Bhushan Khurana, Managing Director at Studds Accessories Ltd.
- Reliance Infrastructure reported a significant drop in consolidated net profit, amounting to Rs 918.07 crore for the March quarter of FY26, attributing this downturn to increased expenses. The company reported a net profit of Rs 4,387.08 crore in the same quarter a year ago, as stated by Reliance Infrastructure in an exchange filing on Friday. During the latest January-March period, the company’s total income decreased to Rs 4,154.34 crore from Rs 4,268.05 crore recorded in the fourth quarter of the preceding 2024-25 financial year. Expenses, encompassing various components, rose to Rs 5,419.87 crore during the reporting period, up from Rs 4,827.97 crore in the same quarter of FY25.
- Indian Railway Finance Corporation – The state-owned Indian Railway Finance Corporation is set to raise $2 billion via external commercial borrowing, predominantly in Japanese yen, to support its business expansion in the current financial year. The external commercial borrowing (ECB) constitutes a segment of the Rs 70,000 crore resource mobilisation strategy sanctioned by the board of Indian Railway Finance Corporation (IRFC) for the current financial year. We have recently finalised a loan agreement with a consortium of banks to secure an external commercial borrowing loan amounting to JPY equivalent to $1.1 billion. “Given the pipeline of projects, we expect disbursements within the June quarter itself,” stated Manoj Kumar Dubey. The ECB has been raised for the JPY equivalent of $1.1 billion, tied up for a 5-year tenor and benchmarked to the overnight TONAR (Tokyo Overnight Average Rate).
- Life Insurance Corporation of India has positioned itself as the leading profit-generating entity within the Indian financial sector for the March quarter, achieving a net profit exceeding Rs 23,400 crore. Even among central public sector enterprises, the corporation sustained its leading position for fourth-quarter profit for FY26. Last week, LIC announced a 23% increase in net profit, reaching a record Rs 23,420 crore for the recently concluded March quarter, compared to Rs 19,013 crore during the same period last year. The insurance behemoth was succeeded by the nation’s largest lender, State Bank of India (SBI), and the second-largest lender HDFC Bank, which reported profits of Rs 19,684 crore and Rs 19,221 crore, respectively, for the fourth quarter, as indicated by the financial figures released on exchanges. However, SBI significantly outperformed LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC’s Rs 57,419 crore.
- NTPC reported a consolidated net profit exceeding Rs 10,614.95 crore for the March quarter, reflecting a significant increase of over 34% compared to the same period last year. The company reported a net profit of Rs 7,897.14 crore in the same quarter a year ago, NTPC stated in an exchange filing. However, total income decreased to Rs 50,410.58 crore in the March quarter of FY26, down from Rs 51,085.05 crore in the fourth quarter of the previous financial year 2024-25. The company reduced its expenses to Rs 43,237.90 crore from Rs 43,390.76 crore in the corresponding period of the previous year. In a separate statement, NTPC reported that its consolidated net profit for FY26 increased by 15% to Rs 27,546 crore, compared to Rs 23,953 crore in FY25.
- Gokaldas Exports has disclosed a 31.97% year-on-year decrease in consolidated net profit, amounting to Rs 35.96 crore for the quarter ending March 31. This decline is attributed to disruptions stemming from US tariffs and geopolitical volatility. The company’s net profit stood at Rs 52.86 crore during the same period of the previous year, as reported by Gokaldas Exports in a regulatory filing. Revenue from operations experienced a growth of 5.27% in the quarter under review, amounting to Rs 1,068.84 crore, in contrast to Rs 1,015.33 crore during the corresponding period of the previous fiscal year. Disruption stemming from punitive US tariffs and fluctuating geopolitical events adversely affected our costs and margins throughout the year. Exceptional teamwork, robust customer relationships, and unwavering execution amidst significant challenges enabled us to achieve outstanding business performance. We grew our revenue and more or less maintained our EBITDA margin,” stated Sivaramakrishnan Ganapathi.