GIFT Nifty Opening Update
GIFT Nifty opened today at 24,086.00. It is up 78.00 points (0.32%) from yesterday’s close of 24,042.00— so the trend is positive.
The Indian stock market concluded on a positive note on Wednesday, July 15, with benchmark indices Sensex and Nifty 50 recording modest gains. Meanwhile, the broader market exhibited stronger performance as mid- and small-cap indices rose by as much as 0.5%. Investor sentiment exhibited a cautious demeanour in light of the escalating tensions between the US and Iran, coupled with the upward trajectory of crude oil prices. The 30-share Sensex increased by 130 points, representing a rise of 0.17%, concluding at 77,185.43. Meanwhile, the Nifty 50 experienced an uptick of 26 points, equivalent to 0.11%, finishing at 24,078.50. On Thursday, the market is expected to commence on a stable note, as indications from the Gift Nifty index suggest a favourable opening. Gift Nifty was positioned around the 24,106 level, reflecting an increase of 39 points from the prior closing of Nifty futures.
“Indian markets are expected to trade with a cautious bias despite indications of a mildly positive opening, as elevated crude oil prices, persistent weakness in the Indian rupee, and escalating geopolitical tensions between the United States and Iran are likely to cap near-term upside. Gift Nifty is currently trading around 24,120, compared with the Nifty’s previous close of 24,078.50, signalling a marginally positive start. However, investors are likely to refrain from taking aggressive directional positions until there is greater clarity on the evolving geopolitical situation,” said Ponmudi R,
As the market indicates a favourable opening, certain stocks are expected to attract attention on Thursday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Wipro, Jio Financial Services, Tech Mahindra, BHEL, and ITC Hotels are expected to attract attention as these companies announce their Q1 results for 2026 today.
- Ather Energy, the electric two-wheeler manufacturer, announced on Wednesday that its board has approved a capital raise of 1,200 crore from existing investors, which include Hero MotoCorp and the India-Japan Fund.
- Tata Capital has secured $400 million through the issuance of fixed-rate senior unsecured Reg S bonds, which will mature in 3.5 years.
- HDFC Asset Management Company reported a 12% year-on-year increase in profit after tax, amounting to Rs 838 crore for the quarter that concluded in June.
- Exide Industries announced on Wednesday that it has invested Rs 99.99 crore into its wholly owned subsidiary, Exide Energy Solutions Ltd, via a rights issue. This capital infusion aims to bolster the development of its greenfield multi-gigawatt lithium-ion cell manufacturing facility in India.
- ICICI Lombard General Insurance reported a 46% year-on-year decline in net profit for the June quarter of FY27, with earnings decreasing to Rs 403 crore from Rs 747 crore in the same period last year, primarily attributed to the influence of exceptional items.
- Angel One reported substantial earnings for the June quarter, with net profit more than doubling compared to the previous year, driven by significant revenue growth and enhanced operating leverage that increased profitability.
- HDB Financial Services – The leading non-banking financial company on Wednesday announced its highest-ever quarterly Profit After Tax of Rs 785 crore for the first quarter of FY27, marking a 38.3% year-on-year increase from Rs 568 crore in the corresponding period last year.
- State Bank of India has appointed former LIC executive Sunil Agrawal as its Chief Financial Officer, as indicated in a filing with the stock exchange.
- Adani Power has entered into a 25-year Power Supply Agreement with the Maharashtra State Electricity Distribution Company to supply 1,600 MW of electricity over the long term from a 2×800 MW ultra-supercritical thermal power plant. The project will be developed under the Design, Build, Finance, Own and Operate model.