GIFT Nifty Opening Update
GIFT Nifty opened today at 24,330.00. It is up 157.00 points (0.65%) from yesterday’s close of 24,257.50— so the trend is positive.
The Indian stock market benchmark indices, Sensex and Nifty 50, are poised for a higher opening on Friday, reflecting a mixed trend observed in global markets. The trends on Gift Nifty suggest a favourable opening for the Indian benchmark index. Gift Nifty was trading around the 24,447 level, a premium of nearly 182 points to the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices. On Thursday, the Indian stock market concluded on a positive note, with the benchmark Nifty 50 finishing above the 24,100 level. The Sensex surged by 579.48 points, representing an increase of 0.75%, to close at 77,502.12. Meanwhile, the Nifty 50 settled 169.85 points higher, marking a rise of 0.71% at 24,175.70.
Asian markets experienced a decline on Friday, reflecting a drop in US technology stocks from the previous night. Japan’s Nikkei 225 experienced a decline of 0.60%, whereas the Topix recorded a decrease of 0.16%. South Korea’s Kospi declined by 3.46%, while the Kosdaq Index experienced a decrease of 1.12%. Hong Kong’s Hang Seng index futures suggested a stable opening. The US stock market concluded Thursday with a mixed performance, as the Dow achieved a record closing high following a softer-than-anticipated US jobs report that alleviated concerns regarding interest rate increases.
These are the leading stocks that will capture attention on Friday, July 3:
- Adani Enterprises – The company initiated a qualified institutional placement (QIP) aimed at raising as much as Rs 10,000 crore. The firm initiated the qualified institutional placement on Thursday, targeting the issuance of up to 34.7 million shares to institutional investors. They will be sold at an indicative price of 2,883 rupees apiece.
- Coal India has augmented coal supplies to the nation’s power plants, reaching 51.44 million tonnes in June FY26–27. This marks a 5.9% increase compared to the 48.57 million tonnes supplied in the same month the previous year, a response to the escalating electricity demand during the peak summer season.
- Bharat Petroleum Corporation has finalised the acquisition of the remaining 39.14% stake in IBV Brasil Petroleo Limitada for 2,312 crore, thereby increasing its indirect shareholding in the Brazilian oil and gas entity to a full 100%.
- Sterlite Technologies, the broadband technology firm, announced on Thursday (July 2) that it has successfully raised Rs 1,500 crore through a qualified institutions placement (QIP), attracting participation from both domestic and global investors.
- Punjab National Bank reported on Thursday (July 2) that its global business increased by 10.32% year-on-year, reaching Rs 29,99,876 crore as of June 30, 2026. This growth was bolstered by a consistent rise in both deposits and advances.
- Varun Beverages announced that its South African step-down subsidiary, Twizza, will undergo a merger with its subsidiary Bevco. This transaction will not involve any cash consideration or the issuance of new shares.
- Ujjivan Small Finance Bank reported a year-on-year increase in total deposits of 25.1%, reaching Rs 48,307 crore, up from Rs 38,619 crore in the June quarter of the financial year 2026–27. This growth was bolstered by a significant 37.8% rise in current account and savings account (CASA) deposits, which totalled Rs 12,930 crore.
- Equitas Small Finance Bank has disclosed a year-on-year growth of 26.70% in gross advances, reaching Rs 47,653 crore as of June 30, 2026. Concurrently, total deposits experienced an increase of 10.44%, amounting to Rs 48,976 crore.
- CSB Bank reported a 26% year-on-year increase in total deposits, reaching Rs 45,415 crore as of June 30, 2026. This growth was primarily fuelled by robust term deposit performance alongside a moderate expansion in CASA.
- PC Jeweller reported a consolidated revenue increase of approximately 21% year-on-year for the June quarter. It was noted that debt has been reduced by over 90%; a debt-free status is expected to be attained within the current quarter.
- BLS E-Services, the technology-enabled digital service provider firm, has announced the acquisition of a 100% stake in Atyati Technologies Private Limited for approximately Rs 157 crore in an all-cash transaction.
- Marico Ltd, a domestic FMCG entity, announced on Thursday its expectation for consolidated revenue to increase in the early twenties for the first quarter of FY27. This growth is anticipated to be supported by widespread expansion across its core, digital, and international segments. Additionally, the India business has reported double-digit underlying volume growth, achieving a multi-quarter peak.
- Texmaco Rail & Engineering announced on Thursday that it has secured a Letter of Acceptance from South Central Railway for an order valued at Rs 26.56 crore.