GIFT Nifty Opening Update
GIFT Nifty opened today at 24,350.00. It is down -23.50 points (-0.10%) from yesterday’s close of 24,355.00— so the trend is negative.
Indian benchmark indices concluded Friday’s trading session on a positive note, with the Nifty 50 successfully reclaiming and closing above the 24,200 threshold. The Sensex gained 261.79 points, or 0.34%, to finish at 77,763.91, while the Nifty 50 advanced 95.15 points, or 0.39%, to settle at 24,270.85. However, the market is likely to open in negative territory as trends in the Gift Nifty index indicated a subdued start on Monday, 6 July. Gift Nifty was positioned around the 24,340 level, reflecting a decline of more than 13 points from the prior closing of Nifty futures.
“Indian equities are expected to open on a steady note, supported by positive global cues, subdued crude oil prices and improving risk sentiment. Geopolitical concerns have continued to recede as the U.S.–Iran situation remains stable, with diplomatic engagement progressing and no major disruptions reported. The easing of tensions has reduced concerns over energy supply risks in the Middle East, underpinning investor confidence across global markets,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Thursday owing to their individual positive or negative catalysts.
Stocks to Monitor:
- HDFC Bank released its business update for the first quarter of FY27, reporting growth across key metrics, including gross advances, deposits, and advances under management. Gross advances increased by 15.4% on a year-on-year basis, reaching Rs 30.61 lakh crore.
- Vedanta Oil and Gas’s average daily gross operated production experienced a year-on-year decline of 17%, reaching 77.7 kboepd in the quarter that concluded on June 30. On a sequential basis, production decreased by 5%.
- Yes Bank reported loans and advances of Rs 2.85 lakh crore for the April–June quarter of FY27, reflecting an 18.4% year-on-year increase from Rs 2.41 lakh crore in the corresponding quarter of the previous fiscal.
- Vedanta Power – The company’s power sales increased by 38% year-on-year, reaching 5,225 million units in the first quarter of FY27, compared to 3,784 million units in the same period last year.
- IndusInd Bank – The private sector lender reported a 2.3% year-on-year decline in net advances to Rs 3,26,171 crore as of June 30, 2026, according to its Q1 FY27 business update released on Friday.
- NBCC India company announced on Friday that it has secured construction work orders worth nearly Rs 132.28 crore in Assam and Odisha, according to a regulatory filing.
- Godrej Consumer – The FMCG major on Friday indicated that it anticipates consolidated revenue to increase in the high teens during the first quarter of FY27, propelled by substantial volume growth and solid performance in both domestic and international markets, as per its quarterly business update.
- Fortis Healthcare has entered into an operations and management (O&M) agreement with Odisha-based Dion Group to manage a 300-bed greenfield multi-specialty hospital in Cuttack, marking its foray into the state, according to an exchange filing dated Friday, July 3.
- Housing and Urban Development Corporation has entered into a memorandum of understanding (MoU) with the Bihar government to provide term loans amounting to Rs 1 lakh crore over the next five years, aimed at enhancing urban infrastructure projects within the state.
- Kotak Mahindra Bank – In its Q1 business update, the lender disclosed a year-on-year rise of 15.1% in net advances, reaching Rs 5.12 lakh crore. Current account and savings account (CASA) deposits increased by 10.2% year-on-year, reaching Rs 2.31 lakh crore, while total deposits at the end of the period (EOP) rose by 11.7% to Rs 5.72 lakh crore.