GIFT Nifty Opening Update
GIFT Nifty opened today at 23,140.50. It is down -26.00 points (-0.11%) from yesterday’s close of 23,140.50— so the trend is negative.
The Indian equity benchmarks are poised to decline on Thursday, June 11, as suggested by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad declined 130 points or 0.56% to 23,110 amid weak cues from Asian markets. The Indian equity benchmarks relinquished their intraday gains and concluded the session with little change on Wednesday, as investors engaged in profit-taking in response to lacklustre signals from global markets following an escalation of geopolitical tensions in West Asia.
The SENSEX experienced a decline of up to 715 points from its peak during the day, while the NIFTY50 index reached an intraday low of 23,185 after previously attaining a high of 23,425 earlier in the session. The SENSEX experienced an increase of 64 points, representing a rise of 0.09%, concluding at 73,983. Conversely, the NIFTY50 index saw a decrease of 27 points, equivalent to a decline of 0.12%, finishing at 23,215.
Equities to Monitor:
- Bharti Airtel on Wednesday announced the replacement of its Priority Postpaid service, which had sparked a net neutrality debate, with the Fast Lane service, thereby extending the commitment to enhanced connectivity for postpaid users. The company has updated its website, substituting the term Airtel Priority with Fast Lane Technology and modifying certain aspects of the service descriptions in the terms and conditions. Airtel had previously articulated that “Priority service enhances customer experience during periods of network congestion in eligible coverage areas” and “Priority access enhances service experience during network congestion,” statements that have since been omitted.
- Havells India reported that its consumer appliances brand Lloyd faced a difficult fiscal year 2026, with revenues declining by 23 percent due to subdued summer demand and high channel inventory, which significantly impacted profitability. Despite the downturn, the brand continued to advance in its pursuit of becoming a comprehensive player in the home-appliances sector for Indian households. The brand maintained its momentum in the air-conditioner segment while broadening its footprint in washing machines, refrigerators, and televisions, aligning with its strategy to transform into a holistic home-appliances brand for Indian households, as detailed in Havells’ annual report.
- REC, Power Finance Corporation – The President has sanctioned the merger of REC Ltd with Power Finance Corporation, nearly seven years subsequent to PFC’s acquisition of the government’s majority stake in REC. In March 2019, the state-owned PFC finalised the acquisition of the government’s majority stake of 52.63 percent in REC Ltd for Rs 14,500 crore. In a regulatory filing, the REC has reported that the Ministry of Power, through its letter dated June 10, 2026, has communicated the approval of the Competent Authority (President of India) regarding the proposed merger of REC into PFC. On May 16, the Board of Directors, during its meeting, reserved the proposal for the merger of REC into PFC, pending approval from the President of India.
- Eternal, the parent entity of Zomato and Blinkit, on Wednesday announced that it has received a demand notice amounting to Rs 9.63 crore for Goods and Services Tax (GST), inclusive of interest and penalty, from the tax authorities in Andhra Pradesh. The demand order has been acknowledged concerning the short payment of output tax for the period spanning April 2023 to March 2024, as stated by the company in a regulatory filing. This is to inform that the company has received an order on June 9, 2026, for the period April 2023 to March 2024, passed by Deputy Commissioner, State Special Circle-I, Andhra Pradesh, confirming demand of GST of Rs 6,48,72,000 with interest of Rs 2,49,53,504 and penalty of Rs 64,87,200′, Eternal stated.