GIFT Nifty Opening Update
GIFT Nifty opened today at 24,006.50. It is down -19.50 points (-0.08%) from yesterday’s close of 24,025.50— so the trend is negative.
The Indian stock market maintained its upward momentum on Tuesday, recording its third consecutive session of gains, with the benchmark Nifty 50 closing just below the 24,000 threshold. The Sensex advanced 544.15 points, or 0.71%, to settle at 76,808.48, while the Nifty 50 climbed 135.25 points, or 0.57%, to close at 23,989.15. However, the market is likely to open on a positive to flat note as trends in the Gift Nifty index signalled a muted opening on Wednesday, 17 June. Gift Nifty was positioned around the 24,004 level, reflecting an increase of more than 3 points compared to the prior closing of Nifty futures.
“Indian markets are likely to trade with a positive bias as improving geopolitical sentiment and a sharp decline in crude oil prices continue to support risk appetite. Crude oil prices have fallen sharply to a nearly three-month low and are currently trading in the $75–76 per barrel range. Falling energy prices are expected to act as a tailwind for the Indian economy, helping contain inflation, improve external balances and support earnings growth across several sectors,” said Ponmudi R.
As the market indicates a favourable beginning, certain stocks are expected to attract attention on Wednesday owing to their individual positive or negative catalysts.
Stocks to Monitor:
- GIC – The offer for sale of General Insurance Corporation of India received a strong response from investors on its opening day, with the issue being subscribed 3.72 times, indicating healthy demand, particularly from institutional participants.
- Prime Focus – Market regulator Sebi has concluded adjudication proceedings against Prime Focus and its directors, determining that the company employed the correct accounting treatment for the transfer of its business divisions to its indirect subsidiaries.
- Wipro has introduced its Applied AI Center of Excellence for Claude models powered by Anthropic, thereby enhancing its initiatives to assist enterprises in expediting AI adoption and generating business value through sophisticated artificial intelligence solutions.
- Nykaa on Tuesday announced a partnership with OpenAI, focusing on the enhancement of shopping experiences through artificial intelligence. This collaboration will also allow users to access its product catalogue directly via ChatGPT.
- Zydus Lifesciences announced that it has successfully completed the acquisition of US-based pharmaceutical company Assertio Holdings Inc. for USD 166.4 million.
- Krishna Institute of Medical Sciences has launched a qualified institutions placement aimed at raising up to Rs 15,000 million through a complete primary issuance of equity shares.
- DOMS Industries – As reported, the Italian stationery giant FILA (Fabbrica Italiana Lapis ed Affini S.p.A.) is anticipated to divest as much as a 7% stake in DOMS via block transactions.
- Bharat Forge’s subsidiary, Kalyani Strategic Systems, in collaboration with Paramount, showcased the Simha 4×4, a next-generation light armoured multi-purpose vehicle, at Eurosatory 2026.