GIFT Nifty Opening Update
GIFT Nifty opened today at 23,984.00. It is up 12.50 points (0.05%) from yesterday’s close of 23,989.00— so the trend is positive.
Despite notable fluctuations, benchmark indices continued their upward trend for the fifth consecutive session on Thursday, June 18, closing the day in positive territory. Softer crude oil prices, in the wake of the US-Iran peace agreement, alleviated worries stemming from the US Federal Reserve’s hawkish position. The BSE Sensex finished at 77,410, an increase of 254 points, or 0.33%, while the NSE Nifty 50 concluded at 24,168, rising by 82 points, or 0.34%, compared to the prior close.
“Indian equity markets advanced for a fifth consecutive day, supported by improving global risk sentiment following the formal signing of the U.S.–Iran peace deal and continued weakness in crude oil prices. The combination of easing geopolitical uncertainty and lower energy costs continued to underpin investor confidence, outweighing concerns stemming from the Federal Reserve’s cautious policy outlook. The Nifty opened flat and remained largely range-bound through the session before late buying interest lifted the index higher, allowing it to close in positive territory and extend its recent winning streak,” said Ponmudi R.
As the stock market experiences a rally, certain stocks are expected to attract attention on Friday due to their individual positive or negative catalysts.
Stocks to Monitor:
- Reliance Industries is scheduled to conduct its Annual General Meeting on Friday, June 19. Investors are eagerly anticipating updates on the group’s new energy initiatives, progress related to the proposed listing of Jio Platforms, and its strategy for capital deployment across different sectors.
- Wipro has successfully completed a significant, multi-year data center migration project for METRO AG, a prominent global food wholesale company. In a separate development, the company announced its intention to acquire an additional 20% stake in Aggne Global IT Services Private Ltd, thereby increasing its total ownership in the firm to 80%.
- Tata Motors on Thursday signed a Memorandum of Understanding (MoU) with the Ministry of Road Transport and Highways (MoRTH) to back the Government of India’s initiative focused on replacing outdated trucks and buses in the Delhi-NCR area.
- HDFC Bank – The Reserve Bank of India (RBI) has granted approval for Keki Mistry to extend his term as interim part-time chairman of HDFC Bank, enabling him to serve in this capacity until September 18, 2026.
- Bharat Forge – Kalyani Strategic Systems Ltd (KSSL), the defence division of Bharat Forge Ltd., has formed a strategic alliance with AM General, a manufacturer of military vehicles in the United States. The contract was finalised at the Eurosatory defence exhibition taking place in Paris.
- Infosys – The American Depository Receipts (ADRs) of Infosys experienced significant selling pressure on Thursday following Accenture’s revision of its annual revenue growth forecast. Infosys ADRs experienced a decline of over 7% on 18 June.
- Bosch Home Comfort – Bosch Global Software Technologies, a promoter of Bosch Home Comfort India Ltd, on Thursday (June 18) exercised the oversubscription option in its ongoing Offer for Sale (OFS), raising the total offer size to 21.67 lakh equity shares, which accounts for 7.97% of the company’s paid-up equity share capital.
- HCL Tech announced on Thursday, June 18, the launch of an AI Innovation Zone in Chennai to assist enterprises in developing and implementing Intel-powered artificial intelligence products and HCLTech’s AI-driven solutions.
- Amber Enterprises announced on Thursday that it has entered into a manufacturing partnership with Oppo Mobiles India Pvt. Ltd. to produce smartphones for the Oppo, OnePlus, and Realme brands in India.
- Diamond Power Infrastructure – The board of the company has given the green light to raise as much as 2,000 crore through a Qualified Institutions Placement (QIP), pending the required approvals from shareholders and regulatory bodies.