GIFT Nifty Opening Update`
GIFT Nifty opened today at 23,884.00. It is down -98.50 points (-0.41%) from yesterday’s close of 23,961.50— so the trend is negative.
The Indian stock market experienced a significant downturn on Wednesday, 22 July, as the benchmark indices closed nearly 1% lower each, reflecting a widespread selloff across various sectors. The BSE Sensex experienced a decline of 715.06 points, equivalent to 0.92%, concluding at 76,755.05. Meanwhile, the NSE Nifty 50 fell by 191.45 points, or 0.79%, finishing at 23,996.25. However, the market is likely to open on a cautious note as trends in the Gift Nifty index signalled a negative start on Thursday, 23 July. Gift Nifty was positioned around the 23,887 level, reflecting a decline of more than 101 points compared to the prior closing of Nifty futures.
“Indian equities are poised for a weaker start, with investor sentiment remaining fragile as escalating tensions in the Middle East fuel a fresh surge in global oil prices and weigh on risk appetite. Early indications from Gift Nifty point to a modest gap-down opening, reflecting growing concerns over the conflict’s potential impact on global energy supplies and inflation. The combination of elevated oil prices and persistent pressure on the Indian rupee is likely to keep investors cautious, with market participants expected to closely monitor geopolitical developments and energy markets for further direction,” said Ponmudi R.
As the market indicates a potentially negative opening, certain stocks are expected to attract attention on Thursday, driven by their individual positive or negative catalysts.
Stocks to Monitor:
- Infosys, IndiGo, Meesho, Cipla, Vishal Mega Mart, and Motilal Oswal Financial Services shares will attract attention as these companies are set to disclose their Q1 results for 2026 today.
- BPCL on Wednesday reported a standalone net loss of Rs 3,962 crore for the first quarter, compared with a net profit of Rs 6,124 crore in the corresponding quarter of the previous financial year.
- Eternal, the food delivery major, reported a consolidated net profit of Rs 92 crore for the first quarter of FY27, reflecting a remarkable 268% year-on-year growth from Rs 25 crore recorded in the same period last year.
- IndusInd Bank – Private sector lender on Wednesday reported a 46.5% year-on-year increase in net profit for the first quarter. The bank reported a net profit of Rs 1,002.5 crore for the quarter.
- HPCL, the Maharatna PSU, reported a net loss of Rs 11,526.4 crore for the June quarter, a stark contrast to the net profit of Rs 4,901.5 crore recorded in the previous quarter, primarily due to the adverse effects of lower marketing margins on its profitability.
- Adani Green Energy disclosed a 19% year-on-year increase in consolidated net profit, reaching Rs 845 crore for the first quarter, in contrast to Rs 713 crore during the corresponding period last year.
- Dr Reddy’s Laboratories reported a significant 69% year-on-year decrease in net profit, amounting to Rs 444 crore (approximately $46 million) for the quarter ending June 30.
- IIFL Finance reported an 189.3% year-on-year increase in consolidated net profit, reaching Rs 675.1 crore in the first quarter, compared to Rs 233.4 crore in the same period last year.
- Sona BLW has disclosed that it has finalised agreements with DENSO Corporation of Japan to establish two joint ventures aimed at the development, design, manufacturing, and marketing of advanced electric and hybrid powertrain systems across various vehicle segments.