GIFT Nifty Opening Update
GIFT Nifty opened today at 23,686.00. It is up 62.50 points (0.26%) from yesterday’s close of 23,617.50— so the trend is positive.
On Monday, May 18, benchmark indices Sensex and Nifty 50 experienced a slight uptick, rebounding significantly from intraday lows, driven by increased buying activity in certain heavyweight stocks. The Sensex, having experienced a decline exceeding 1,000 points during the day, subsequently recovered by more than 1,100 points to conclude in positive territory. In a similar vein, the Nifty 50 reached an intraday low of 23,317 before staging a recovery of over 300 points from that day’s nadir. The 30-share Sensex concluded the trading session with an increase of 77 points, representing a rise of 0.10%, finishing at 75,315.04. Meanwhile, the Nifty 50 saw a modest gain of 6 points, or 0.03%, closing at 23,649.95.
However, the market is poised to maintain its upward trajectory as indications from the Gift Nifty index suggested a favorable opening on Tuesday. Gift Nifty was positioned around the 23,649 level, reflecting an increase of more than 31.50 points compared to the prior closing of Nifty futures. “Indian equity markets are likely to begin today’s session on a positive note, with Gift Nifty trading near the 23,708 zone compared to yesterday’s Nifty close of 23,649. Supportive global cues and easing geopolitical fears are helping improve early market sentiment after recent volatility-driven sessions,” said Hariprasad K.
With the market indicating a favorable opening, certain stocks are expected to attract attention on Tuesday, influenced by their individual positive or negative catalysts.
Equities to Monitor:
- Bharat Electronics, Bharat Petroleum Corporation, Mankind Pharma, and Zydus Lifesciences shares will continue to attract attention as companies announce their Q4 results today.
- Lupin announced that it has obtained tentative approval from the United States Food and Drug Administration for its Abbreviated New Drug Application for Revefenacin Inhalation Solution, which is offered in 175 mcg/3 mL unit-dose vials.
- Indian Oil Corporation reported a 56.6% year-on-year increase in net profit, reaching Rs 11,377.51 crore, compared to Rs 7,264.85 crore during the corresponding period last year, propelled by robust marketing and refining margins.
- Eicher Motors – The Royal Enfield manufacturer has disclosed that the Andhra Pradesh government has sanctioned the allocation of a 215.7-acre land parcel in Tada for its planned greenfield manufacturing expansion project, anticipated to entail an investment of up to Rs 2,500 crore.
- Adani Group shares are expected to attract attention following the withdrawal of all criminal charges by the US Department of Justice against billionaire Gautam Adani and his nephew Sagar Adani. This development concludes the high-profile securities and wire fraud case in New York, as prosecutors have concluded that the allegations are no longer sustainable.
- Astral reported a mixed performance for the March quarter on May 18, with both profit and revenue demonstrating robust year-on-year growth, yet failing to meet Street estimates on critical operational metrics.
- Afcons Infrastructure – The Shapoorji Pallonji Group’s infrastructure engineering and construction division has disclosed a consolidated net loss of Rs 88.4 crore for the quarter ending March 2026, in contrast to a net profit of Rs 110.9 crore during the same period last year, attributed to macroeconomic challenges and specific one-off factors.
- Apollo Micro Systems reported strong earnings for the March quarter, propelled by a significant year-on-year rise in profit and revenue, supported by effective execution and improved operational performance.
- DOMS Industries reported a 17.2% year-on-year increase in consolidated net profit for the fourth quarter, with profit rising to Rs 56.7 crore from Rs 48.4 crore in the same period last year.
- Vascon Engineers has announced the acquisition of a Letter of Intent worth Rs 131.58 crore (excluding GST) from Reliance Industries for construction activities associated with the company’s Jamnagar expansion project.