GIFT Nifty Opening Update
GIFT Nifty opened today at 24,140.50. It is down -196.50 points (-0.81%) from yesterday’s close of 24,234.50— so the trend is negative.
The Indian stock market experienced a significant uptick, propelled by widespread purchasing activity across various sectors, on Friday, 10 July. The BSE Sensex experienced an increase of 827.57 points, representing a rise of 1.08%, concluding at 77,569.39. Meanwhile, the NSE Nifty 50 advanced by 244.10 points, equivalent to a 1.02% gain, finishing at 24,206.90. However, the market is likely to open lower as trends in the Gift Nifty index signalled a negative start on Monday, 13 July. Gift Nifty was positioned around the 24,056 level, reflecting a decline of more than 168 points from the prior closing of Nifty futures.
“Indian equity markets are expected to open on a cautious note as renewed geopolitical tensions following a fresh round of military strikes between the United States and Iran have reignited concerns over global energy supplies and heightened risk aversion across financial markets. The escalation has triggered a sharp rebound in crude oil prices, weighing on overall investor sentiment. Gift Nifty is currently trading around the 24,100 mark, below Friday’s Nifty close of 24,206.90, indicating a gap-down start for domestic equities,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Monday owing to their individual positive or negative catalysts.
Equities to Monitor
- HCL Technologies, ICICI Prudential Asset Management Company, and Bajaj Consumer Care will attract attention as these firms are set to announce their Q1 results for FY27 today.
- DMart – Avenue Supermarts, which operates the DMart retail chain, reported a consolidated net profit of Rs 860.6 crore for the quarter ended June, marking an 11.3% year-on-year increase from Rs 773 crore recorded in the same period last year.
- HDFC Bank announced its intention to obtain shareholders’ approval for the potential raising of up to Rs 60,000 crore via private placements of Additional Tier-I (AT-I) bonds, Tier-II bonds, and long-term infrastructure bonds.
- JSW Energy has disclosed that its step-down wholly owned subsidiary, JSW Energy PSP Eleven Ltd., has obtained orders totalling Rs 443.74 crore from Bondada Renewable Energy Pvt. Ltd., which is a wholly owned subsidiary of Bondada Engineering Ltd., for the provision of Battery Energy Storage Systems and Power Conversion System solutions.
- NMDC – State-run iron ore producer NMDC Ltd. has adjusted the pricing of its iron ore products effective July 10, as indicated in a regulatory filing submitted on Friday.
- Power Grid Corporation of India – The state-run company announced on Friday (July 10) that it has emerged as the successful bidder under the Tariff-Based Competitive Bidding route for the “Transmission System for Integration of Krishnagiri REZ Phase-I” project.
- NTPC’s board has sanctioned an investment of Rs 20,456.7 crore for the advancement of the 1,600 MW Lara Super Thermal Power Project Stage-III located in Chhattisgarh.
- State Bank of India’s asset management division, SBI Funds Management, has reduced the scale of its initial public offering to Rs 9,812.9 crore from Rs 11,692.9 crore following the successful raising of Rs 1,880 crore from 30 investors in a pre-IPO placement.
- IndiGo – The Directorate General of Civil Aviation has issued a warning letter to the company after cargo spillage was discovered on the ground following the arrival of one of its flights in January 2026. The regulator identified discrepancies from established operating procedures and specific stipulations of the Aircraft (Carriage of Dangerous Goods) Rules in a follow-up audit.
- Pace Digitek’s subsidiary, Lineage Power, has entered into a Memorandum of Understanding with Bondada Renewable Energy to provide Battery Energy Storage Systems, which encompass DC blocks, C&I BESS cabinets, residential BESS, power conversion systems, energy management systems, and battery containers.
- Powerica has successfully obtained the winning bid in the e-reverse auction held by Gujarat Urja Vikas Nigam for the acquisition of power from 250 MW of grid-connected wind power projects.