GIFT Nifty Opening Update
GIFT Nifty opened today at 23,912.00. It is up 34.50 points (0.14%) from yesterday’s close of 23,930.50— so the trend is positive.
The Indian stock market concluded the day on a strong note on Monday, supported by a notable reduction in geopolitical tensions following the announcement of a peace agreement between the US and Iran. Benchmark indices demonstrated robust performance, with the Sensex increasing by 736.38 points, or 0.97%, to finish at 76,264.33, while the Nifty 50 progressed by 231 points, or 0.98%, to conclude at 23,853.90. However, the market is likely to open with caution as trends in the Gift Nifty index indicated a flat opening on Tuesday, 16 June. Gift Nifty was positioned around the 23,932 level, reflecting an increase of more than 15 points compared to the prior close of Nifty futures.
“Indian markets are expected to trade with a positive bias as investors respond to a significant easing of geopolitical risks following a breakthrough in U.S.–Iran negotiations. The United States and Iran have reportedly signed a preliminary agreement, with US President Donald Trump and Iran’s lead negotiator endorsing a framework that could pave the way for the reopening of the Strait of Hormuz. The agreement is being seen as a major step towards regional stability and has strengthened confidence across global financial markets by reducing concerns over energy supply disruptions and broader geopolitical uncertainty. This is expected to support wider market participation and strengthen the ongoing recovery, particularly in oil-sensitive sectors that stand to benefit from lower energy prices and improving economic conditions,” said Ponmudi R.
As the market indicates a favourable beginning, certain stocks are expected to attract attention on Tuesday owing to their individual positive or negative catalysts.
Stocks to Monitor:
- HCL Technologies announced an investment of Rs 1,427.25 crore (approximately $150 million) in Axonwise Private Limited, acquiring a 10.46% minority stake through an all-cash transaction.
- General Insurance Corporation of India – The Government of India on Monday, June 15, initiated an Offer for Sale in state-owned reinsurer GIC Re, aiming to divest up to a 5% stake in the company.
- State Bank of India – The Board of Directors is set to convene on June 18 to assess proposals aimed at raising capital in FY27 via either a public offering or a private placement.
- Mahindra & Mahindra Financial Services – The Board of Directors has sanctioned the issuance of non-convertible debentures amounting to Rs 1,000 crore via a private placement approach.
- Oil India has entered into a Memorandum of Understanding with the Council of Scientific and Industrial Research to collaboratively pursue research, innovation, and technology development in the energy sector.
- Yes Bank and Northern Arc Capital have formed a partnership aimed at expanding credit access, enhancing digital lending initiatives, and offering customers a more diverse array of debt investment opportunities.
- Adani Enterprises – The Adani Group and Jabil Inc. have announced their intention to form a strategic partnership focused on establishing a manufacturing platform for AI and data center infrastructure in India.
- Craftsman Automation has revealed that its Fund-Raising Committee has approved the initiation of a Qualified Institutions Placement of equity shares, with the objective of raising up to Rs 2,000 crore.
- Devyani International and Sapphire Foods India have obtained the required observation letters from the NSE and BSE, enabling the companies to move forward with their planned merger.