GIFT Nifty Opening Update
GIFT Nifty opened today at 24,515.50. It is down -54.50 points (-0.22%) from yesterday’s close of 24,516.00— so the trend is negative.
The Indian stock market concluded Wednesday with significant gains, as late-session buying propelled both benchmark indices higher by more than 1%, following reports indicating that the US and Iran were nearing an agreement to resolve their conflict. The Sensex experienced a notable increase of 940.73 points, representing a rise of 1.22%, concluding at 77,958.52. Meanwhile, the Nifty 50 advanced by 298.15 points, equivalent to a gain of 1.24%, ending at 24,330.95.
However, the market is poised to end its gaining streak as trends in the Gift Nifty index indicated a negative opening on Thursday. Gift Nifty was positioned around the 24,442 level, reflecting a decline of more than 5 points from the prior close of Nifty futures. With the market indicating a downward trajectory, certain stocks are expected to attract attention on Thursday, driven by their individual positive or negative catalysts. In light of current market conditions, the following are the top 10 stocks that will attract attention on Thursday, 7 May –
Equities to monitor
- BSE, Britannia Industries, Bharat Forge, MRF, Lupin are set to capture attention today as these companies are scheduled to announce their Q4 results for 2026.
- Bajaj Auto reported a standalone net profit of Rs 2,746 crore for the quarter ending in March, an increase from Rs 2,049 crore in the same period last year, reflecting a 34% year-on-year growth.
- Paytm – The parent company of Paytm reported a net profit of Rs 184 crore in the fourth quarter, compared to a loss of Rs 540 crore in the same period last year, supported by a significant enhancement in operational performance.
- PB Fintech showcased a strong performance in the fourth quarter, with net profit increasing by 54% year-on-year to Rs 261 crore from Rs 170 crore. Revenue experienced a notable increase of 37%, reaching Rs 2,061 crore, compared to Rs 1,507.9 crore during the same period last year.
- Meesho has successfully decreased its consolidated losses to Rs 166 crore in the quarter ended March, a significant reduction from Rs 1,391 crore in the same period last year, reflecting an 88% decline.
- ACME Solar Holdings has revealed that its subsidiary has initiated an 8 MW wind power project in Gujarat.
- Biocon has denied any claims of succession planning or leadership transition in response to inquiries from the exchange concerning a media report. The clarification comes in response to a report suggesting that Kiran Mazumdar-Shaw had chosen her niece as her successor, which subsequently influenced the stock price on May 6.
- Shree Cement reported a 4.3% decline in net profit year-on-year, totaling Rs 532 crore in the fourth quarter of FY26, compared to Rs 556 crore in the same quarter of FY25.
- Radico Khaitan reported a significant rise in fourth-quarter earnings, attributed to premiumisation and enhanced margins. Net profit nearly doubled to Rs 179.5 crore in the March quarter, up from Rs 92 crore in the same period last year.
- Zaggle Prepaid Ocean Services – The fintech company has revealed that it has entered into a three-year agreement with The Supreme Industries Ltd to provide its Zaggle Propel rewards platform.