GIFT Nifty Opening Update
GIFT Nifty opened today at 24,251.00. It is up 93.50 points (0.39%) from yesterday’s close of 24,147.00— so the trend is positive.
The Indian stock market concluded the week with slight gains, navigating a volatile and range-bound trading atmosphere shaped by a blend of global and domestic indicators. On Thursday, the markets concluded with a decline, as Sensex fell by 583 points, or 0.75%, finishing at 76,913.50, while the Nifty 50 decreased by 180 points, or 0.74%, closing at 23,997.55. The broader market faced downward pressure, as the BSE 150 Midcap and BSE 250 Smallcap indices declined by 1% and 0.50%, respectively. Nevertheless, the market appears poised to end its downward trend, as indications from the Gift Nifty index suggest a favorable start on Monday. Gift Nifty was positioned around the 24,271 level, reflecting an increase of more than 124.50 points compared to the prior close of Nifty futures.
“Indian markets are poised to begin the week on a firm footing, with Gift Nifty signalling a gap-up opening near the 24,270 mark, well above the previous close of 23,997. The positive carryover reflects improving global sentiment, with Asian markets also trading in the green, setting the stage for a supportive start to domestic equities. However, while the opening bias is clearly optimistic, the key question remains one of sustainability. Markets continue to operate in an environment where momentum is largely event-driven, rather than supported by broad-based conviction,” said Hariprasad K. With the market indicating a downward trend, certain stocks are expected to attract attention on Wednesday, influenced by their individual positive or negative catalysts.
In light of current developments, the following are the ten stocks that are expected to attract attention on Monday, 4 May –
Equities to Monitor:
- BHEL, Ambuja Cements, Tata Technologies, Aditya Birla Capital, and Ather Energy shares are set to attract attention as these companies announce their Q4 results for 2026 today.
- Kotak Mahindra Bank reported a net profit increase of 13% year-on-year (YoY), reaching Rs 4,027 crore. Additionally, Net Interest Income experienced an 8% growth, amounting to Rs 7,876 crore, compared to Rs 7,284 crore during the corresponding period last year.
- DMart – Avenue Supermarts, which operates DMart, reported a net profit of Rs 656.6 crore for the March quarter of FY26, reflecting a 19% increase from Rs 550.90 crore recorded in the same quarter of the previous financial year.
- Adani Enterprises disclosed a net loss of Rs 220.7 crore, in contrast to a net profit of Rs 3,844.9 crore from the prior year. Revenue increased by 20.3% year-over-year to Rs 32,439.3 crore, whereas EBITDA stayed the same at Rs 3,731 crore. The EBITDA margin experienced a decrease, falling to 11.5% compared to 13.8% in the previous year.
- Central Depository Services reported a varied performance for the fourth quarter of FY26, with margins facing pressure despite a consistent increase in revenue. The organization experienced a decline in net profit of 20% year-over-year, reporting Rs 80.22 crore, a decrease from Rs 100 crore in the same quarter of the previous year.
- Vodafone Idea – The Department of Telecom has decreased the company’s outstanding AGR dues by 27%, lowering the total from Rs 87,695 crore to Rs 64,046 crore. However, the relief fell short of market expectations, which had forecasted a 50% reduction.
- Indus Towers – Revenue experienced a decline of 0.6% compared to the previous quarter, while showing an increase of 4.8% when compared to the same quarter last year. The EBITDA margin decreased to 55.1% from 55.3% in the prior quarter, impacted by increased repair and maintenance costs and diminished energy spreads.
- Mazagon Dock Shipbuilders – Revenue increased by 21% year-over-year to Rs 3,850 crore, supported by strong execution. EBITDA experienced a remarkable increase of 355%, reaching Rs 543 crore, while margins improved significantly to 14.1% compared to 3.8% in the previous year.
- Zen Technologies – Revenue experienced a decline of 45.2%, amounting to Rs 178 crore. EBITDA decreased by 63% compared to the previous year, reaching Rs 51 crore, while the margin narrowed to 28.6% from 42.5%. Net profit decreased to Rs 31 crore compared to Rs 101 crore during the corresponding period last year.
- Central Bank of India – Net Interest Income (NII) increased by 17% year-over-year, reaching Rs 4,002 crore. In contrast, net profit decreased to Rs 724.4 crore, down from Rs 1,033 crore in the prior year.