GIFT Nifty Opening Update
GIFT Nifty opened today at 24,285.50. It is down -76.00 points (-0.31%) from yesterday’s close of 24,303.00— so the trend is negative.
Indian benchmark indices, the Sensex and the Nifty 50, concluded with significant gains on Wednesday, July 29, bolstered by vigorous purchasing in major banking and IT stocks. The Sensex experienced an increase of 889 points, representing a rise of 1.16%, concluding at 77,654.60. Meanwhile, the Nifty 50 saw an advancement of 265 points, equivalent to a 1.10% gain, finishing at 24,250.20. However, the market is likely to open on a subdued note as trends in the Gift Nifty index indicated a negative start on Thursday, 30 July. Gift Nifty was trading around the 24,330 level, reflecting an increase of more than 19 points from the prior close of Nifty futures.
“Indian equity markets are expected to open on a cautious note, with a mixed global backdrop likely to keep investor sentiment guarded. Wall Street ended sharply lower ahead of earnings from major U.S. technology companies, reflecting persistent concerns over AI-related valuations and elevated capital spending, while Asian markets are trading with a modest positive bias in early trade, offering little directional conviction. GIFT Nifty futures are hovering around the 24,300 mark, indicating a flat to marginally positive opening compared with the Nifty’s previous close at 24250,” 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.
Equities to Monitor:
- Bajaj Finance, M&M, Indian Railway Finance Corporation, Swiggy, Mazagon Dock Shipbuilders, Vedanta, Mankind Pharma, and Hyundai Motor India shares are set to attract attention as these firms announce their Q1 results for 2026 today.
- Bajaj Housing Finance reported a 22.6% increase in net profit year-on-year, reaching Rs 715 crore for the June quarter, compared to Rs 583 crore during the corresponding period last year. This growth was bolstered by ongoing business expansion and reduced loan loss provisions.
- Eicher Motors reported a robust performance for the quarter, with net profit increasing by 21.3% year-on-year to Rs 1,462.5 crore, in contrast to Rs 1,205.2 crore during the same period last year.
- Vedanta Oil & Gas reported a net profit of Rs 945 crore for the June quarter, marking a recovery from a net loss of Rs 476 crore in the previous quarter.
- Dabur India reported a consolidated net profit of Rs 586 crore for the quarter, reflecting a 15.3% increase from Rs 508 crore recorded in the same period last year.
- Waaree Energies on Wednesday reported a consolidated net profit of Rs 850 crore for the first quarter, an increase from Rs 745 crore in the corresponding period last year and Rs 773 crore in the preceding quarter.
- NBCC India has formalised an agreement with the Government of the Republic of Seychelles to undertake the $75 million Ile Aurore Housing Project in Seychelles. The project encompasses the development of 1,008 affordable housing units, accompanied by the requisite supporting infrastructure.
- Hirect has secured its inaugural order from the United States for traction motor assemblies, signifying its entry into the US market. The company is anticipated to fulfil the order in FY27.
- Hexaware Technologies reported a 13% year-on-year decline in its net profit to Rs 330.2 crore for the quarter, compared with Rs 379.7 crore in the corresponding period last year.