GIFT Nifty Opening Update
GIFT Nifty opened today at 23,575.00. It is up 129.50 points (0.55%) from yesterday’s close of 23,423.50— so the trend is positive.
On Wednesday, May 13, Indian benchmark indices Sensex and Nifty 50 experienced a slight uptick, successfully breaking a four-session streak of losses. The Sensex increased by 50 points, representing a rise of 0.07%, concluding at 74,608.98, whereas the Nifty 50 saw an uptick of 33 points, equivalent to 0.14%, finishing at 23,412.60. Broader markets exhibited superior performance relative to the benchmarks, as evidenced by the BSE Midcap index increasing by 0.71% and the BSE Smallcap index advancing by 0.27%. However, the market is poised to extend its upward trajectory as indications from the Gift Nifty index suggested a higher opening on Thursday.
Gift Nifty was positioned around the 23,553 level, reflecting an increase of more than 130 points compared to the prior closing of Nifty futures. “Indian markets are likely to witness a positive start today, with Gift Nifty indicating a gap-up opening supported by improving global sentiment and a strong rebound in technology-led US markets. After days of heightened volatility and sustained selling pressure, global equities are showing signs of short-term stabilization, which could support sentiment in domestic markets during the opening session,” said Hariprasad K. With the market indicating a negative opening, certain stocks are expected to attract attention on Thursday, influenced by their individual positive or negative catalysts.
Equities to Monitor:
- JSW Steel, HAL, IRFC, Muthoot Finance, Tata Motors PV, and Vishal Mega Mart are set to capture attention as these firms announce their Q4 results today.
- Tata Motors Commercial Vehicles business reported a standalone net profit of Rs 2,406 crore for the quarter ended March, reflecting a 70% increase from Rs 1,419 crore in the same period last year.
- Bharti Airtel reported a stable performance in the March quarter, with consolidated net profit rising 10.5% quarter-on-quarter to Rs 7,325 crore from Rs 6,630 crore in Q3 FY26.
- Bharti Hexacom reported a 4.6% decline in consolidated net profit for the fourth quarter of FY26, with profit recorded at Rs 446.7 crore compared to Rs 468.4 crore in the same period last year.
- Zydus Lifesciences has notified the stock exchanges that its Board of Directors will assess a proposal regarding the buyback of fully paid-up equity shares during a meeting set for Tuesday, May 19, 2026.
- NBCC India disclosed that it has secured work orders amounting to Rs 131.02 crore for projects situated in Andhra Pradesh and New Delhi, according to an exchange filing.
- Zaggle Prepaid Ocean Services reported a 30.6% year-on-year increase in consolidated net profit for the fourth quarter of FY26, reaching Rs 41 crore, compared to Rs 31 crore in the corresponding period last year, bolstered by strong revenue growth and improved operating margins.
- Maruti Suzuki, India’s largest automaker, declared on Wednesday its allocation of Rs 1,372 crore for the development of specialized green logistics infrastructure, aiming to increase the proportion of vehicle transportation via railways to 35% by the fiscal year 2030-31.
- Oil India reported a strong standalone performance for the fourth quarter of FY26 on May 13, propelled by heightened crude oil production and improved price realizations.
- Kaynes Technologies – The Mysuru-based electronics systems design and manufacturing firm reported a consolidated net profit of Rs 91 crore for the fourth quarter, reflecting a decline of 22% from Rs 116 crore recorded in the corresponding period of the previous year.