GIFT Nifty Opening Update
GIFT Nifty opened today at 24,099.50. It is up 107.00 points (0.45%) from yesterday’s close of 23,955.50— so the trend is positive.
The Indian stock market extended its gains for a fourth consecutive session on Wednesday, buoyed by increasing optimism regarding a potential US-Iran peace agreement and a decrease in crude oil prices. The benchmark index advanced 347.14 points, or 0.45%, to end the day at 77,155.62, while the broader index climbed 96.55 points, or 0.40%, to close at 24,085.70. However, the market is likely to open on a flat note as trends in the Gift Nifty index signalled a muted opening on Thursday, 18 June. Gift Nifty was positioned around the 24,083 level, reflecting a decline of more than 11 points from the prior closing of Nifty futures.
“Indian markets are expected to trade with a cautiously positive bias, supported by encouraging developments on both the geopolitical and monetary policy fronts. Investor sentiment has strengthened after the White House confirmed that U.S. President Donald Trump has formally signed the Peace Deal Memorandum, a significant step forward in the broader U.S.–Iran peace process. The agreement is expected to facilitate the reopening of the Strait of Hormuz, easing geopolitical risks, reducing energy-market uncertainty and improving global risk appetite,” said Ponmudi R.
As the market indicates a favourable opening, certain stocks are expected to attract attention on Thursday owing to their individual positive or negative catalysts.
Equities to Monitor:
- IFCI shares are expected to attract attention following the submission of its draft IPO documents to the market regulator Sebi by the NSE earlier this week.
- Rail Vikas Nigam Ltd. has obtained a Letter of Acceptance from East Coast Railway for the construction of bridges under the EPC model, which is part of the expansion of the third and fourth railway lines between Nergundi–Barang and Khurda Road–Vizianagaram on the Bhadrak–Vizianagaram route.
- HFCL has obtained a contract valued at Rs 2,666 crore from RVNL for the provision of equipment as part of the BharatNet Phase-III initiative.
- DOMS Industries experienced significant block deal activity, as SBI Mutual Fund acquired 9.3 lakh shares valued at Rs 205 crore, while Axis Mutual Fund purchased 3.6 lakh shares worth Rs 79.6 crore.
- RailTel Corporation of India – RailTel has obtained a Letter of Intent (LoI) from the Director IT for a domestic initiative focused on the establishment of disaster recovery IT infrastructure.
- Corona Remedies – Sepia Investments divested shares of Corona Remedies valued at around Rs 749 crore via a block deal conducted on the stock exchanges.
- Apollo Hospitals – The Reserve Bank of India (RBI) has issued a compounding order concerning Apollo Hospitals, thereby concluding the proceedings against the company. To resolve the issue, Apollo Hospitals disbursed a compounding fee amounting to Rs 17.8 crore.
- Bosch Home Comfort – Promoter Bosch Global Software Technologies intends to divest as much as 7.97% of its stake, amounting to 21.7 lakh shares, in Bosch Home Comfort via an offer-for-sale (OFS) set for June 18–19.
- Lupin has announced the launch of Azilsartan Medoxomil Tablets in 40 mg and 80 mg strengths in the United States following the approval from the US FDA for its Abbreviated New Drug Application (ANDA).