GIFT Nifty Opening Update
GIFT Nifty opened today at 23,795.00. It is up 411.50 points (1.74%) from yesterday’s close of 23,628.50— so the trend is positive.
The Indian stock market experienced a significant increase on Friday, driven by positive sentiment regarding a possible US-Iran agreement and a notable decline in global crude oil prices. The benchmark Sensex surged 1,695.40 points, or 2.30%, to finish at 75,527.95, while the Nifty 50 advanced 461.30 points, or 1.99%, ending the session at 23,622.90. However, the market is likely to continue its gaining streak as trends in the Gift Nifty index signalled a positive opening on Monday, 15 June. Gift Nifty was positioned around the 23,982 level, reflecting an increase of more than 296 points compared to the prior close of Nifty futures.
“Indian markets are expected to trade with a strong positive bias, supported by a significant geopolitical breakthrough that has substantially improved global risk sentiment. The United States and Iran have reportedly agreed to a deal aimed at halting the conflict that has unsettled the Middle East over the past several months. US President Donald Trump stated that the Strait of Hormuz is expected to reopen following the formal signing of the agreement, marking a major step toward regional de-escalation and reducing concerns over global energy supply disruptions,” said Ponmudi R.
As the market indicates a favourable opening, certain stocks are expected to attract attention on Monday owing to their individual positive or negative catalysts.
Stocks to Monitor:
- Vedanta’s four demerged businesses—Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—are set to make their debut on the stock exchanges on Monday, June 15.
- ONGC State-owned oil and gas major Oil and Natural Gas Corporation announced on Friday, June 12, that its subsidiary, ONGC Petro additions Ltd, has approved a plan to raise up to Rs 4,471 crore through a private placement of non-convertible debentures.
- Hindustan Petroleum Corporation Ltd. has announced that August 14, 2026, will serve as the record date for identifying shareholders entitled to receive its proposed final dividend of Rs 19.25 per equity share for FY26, as stated by the company on Friday.
- KIMS – The Board has sanctioned the issuance of 77,02,182 warrants via a preferential allotment on a private placement basis at Rs 779 per warrant. These warrants may be exercised in one or more tranches starting from the date of allotment and extending up to a period of 18 months from the date of issuance.
- JSW Energy has entered into a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire a 100% stake in Maruti Clean Coal and Power, which owns and operates a 300 MW thermal power plant situated in Chhattisgarh.
- Nestle India has refuted allegations of infestation in MAGGI noodles, indicating that it has not yet obtained the product sample from the complainant for analysis, as the complainant’s account is currently unreachable.
- Power Grid Corporation of India, a state-run entity, declared on Friday that it has successfully secured a bid in a tariff-based competitive bidding process for the establishment of an inter-state transmission system project in Andhra Pradesh.
- Meesho has disclosed the acquisition of Kirana Club Pte. Ltd and Retail Pulse Labs Private for a total consideration of 202.08 crore, in line with its strategy to enhance and expand its presence in India’s digital commerce sector.
- NLC India announced on Friday that it has obtained a significant mineral block in Telangana. In a regulatory filing, the company announced its selection as the preferred bidder in the auction of critical and strategic mineral blocks conducted by the Ministry of Mines.
- Dr Reddy’s has announced the launch of Bosutinib Tablets, a medication indicated for the treatment of Chronic Myeloid Leukaemia.