GIFT Nifty Opening Update
GIFT Nifty opened today at 23,900.50. It is up 114.50 points (0.46%) from yesterday’s close of 23,828.00— so the trend is positive.
Indian equity benchmarks extended their losing streak to a fifth consecutive session on Friday, as increasing crude oil prices, in the context of the escalating US-Iran conflict, continued to weigh on investor sentiment. The BSE Sensex experienced a decline of 332 points, representing a decrease of 0.43%, concluding at 76,059.77. Similarly, the NSE Nifty 50 fell by 102 points, also a 0.43% drop, finishing at 23,767.45. However, the market is likely to open on a higher note as trends in the Gift Nifty index signalled a positive start on Monday, 27 July. Gift Nifty was trading near the 23,934 mark, reflecting an increase of over 127 points from the prior close of Nifty futures.
“Indian equities are likely to begin the week on a positive note as investors take comfort from a temporary easing in geopolitical tensions, lifting risk sentiment across global markets. Market sentiment strengthened after the Trump administration signaled a pause in further military strikes on Iran to allow diplomatic efforts to continue, easing immediate concerns over a broader regional conflict. Reflecting the improved mood, Gift Nifty futures are trading around 23,938, compared with the previous Nifty close of 23,767, indicating a gap-up opening for domestic equities,” said Ponmudi R.
As the market indicates a favourable opening, certain stocks are expected to attract attention on Monday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Bharat Electronics, Coal India, Indus Towers, Canara Bank, Coforge, and Tata Power are poised to attract attention as these companies are set to disclose their Q1 results for 2026 today.
- NTPC – State-run power major NTPC reported an 11.9% year-on-year rise in standalone net profit to Rs 5,342.4 crore for the first quarter of FY27, compared with Rs 4,774 crore in the same period last year.
- IDFC Bank reported a record quarterly profit after tax of Rs 1,075 crore for the quarter ending June 30, 2026, reflecting a substantial year-on-year increase of 132.4% from Rs 463 crore in the same quarter of the previous year.
- KFin Technologies reported a mixed performance in its first-quarter earnings, with net profit experiencing a decline of 2.6% year-on-year, amounting to Rs 75.2 crore. In contrast, revenue showed a robust increase of 30.1%, reaching Rs 356.5 crore.
- Oil and Natural Gas Corporation – State-owned Oil and Natural Gas Corporation has commenced drilling its inaugural deepwater exploratory well in the Mahanadi offshore basin, initiating a significant campaign focused on accessing India’s deepwater and ultra-deepwater hydrocarbon reserves.
- Bank of Baroda reported a net profit of Rs 1,278 crore for the quarter ended June 30, 2026, reflecting a 71.8% decline from Rs 4,541 crore in the corresponding quarter last year. On a sequential basis, profit declined from Rs 5,616 crore reported in Q4FY26.
- Waaree Renewable Technologies Ltd, a subsidiary of Waaree Energies Ltd, has announced the acquisition of two engineering, procurement, and construction contracts for ground-mounted solar photovoltaic projects, boasting a total capacity of 800 MWac (1,082 MWp), as per a regulatory filing.
- Bank of India exhibited robust performance in the June quarter, with net profit escalating by 35.6% year-on-year to Rs 213.2 crore, while net interest income advanced by 17.8% to Rs 684 crore. Asset quality exhibited improvement on a sequential basis, while provisions experienced a significant reduction year-on-year, decreasing to Rs 57.1 crore.
- REC exhibited a lacklustre performance in the first quarter, as net profit declined by 6% year-on-year to Rs 4,192.7 crore. Net interest income experienced a decline of 4% compared to the same period last year, amounting to Rs 5,453 crore.
- Tata Consumer Products – Tata Consumer delivered a strong first-quarter performance, reporting a 27.8% year-on-year increase in net profit to Rs 427 crore.