GIFT Nifty Opening Update
GIFT Nifty opened today at 24,065.00. It is down -161.50 points (-0.67%) from yesterday’s close of 24,218.00— so the trend is negative.
The Indian benchmark indices concluded the trading session on Monday, 13 July, with minimal fluctuations, exhibiting a positive inclination amidst increased market volatility, as crude oil prices remained high due to rising tensions between the US and Iran. The BSE Sensex increased by 47.01 points, representing a rise of 0.06%, concluding at 77,616.40. Meanwhile, the NSE Nifty 50 saw a modest uptick of 4.10 points, equivalent to 0.02%, finishing at 24,211.00. However, the market is likely to open lower as trends in the Gift Nifty index signalled a negative start on Tuesday, 14 July. Gift Nifty was positioned around the 24,049 level, reflecting a decline of more than 193 points from the prior closing of Nifty futures.
“Indian markets are expected to trade under pressure as the continuing exchange of military strikes between the United States and Iran weighs on global risk sentiment. Investor concerns have intensified after the U.S. reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and announced a 20% transit fee on cargo passing through the strategic waterway, triggering fresh fears of disruptions to global energy supplies and a sharp surge in crude oil prices,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Tuesday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Tata Elxsi and L&T Tech will attract attention as they are set to announce their Q1 results for FY27 today.
- HCL Technologies, a prominent player in the IT services sector, reported a 20% year-on-year increase in consolidated net profit, reaching Rs 4,624 crore for the first quarter.
- ICICI Prudential Life Insurance Company reported a 23.1% year-over-year increase in net profit for the first quarter, bolstered by an expansion in total income.
- Bharat Electronics Limited – The Navratna defence public sector undertaking on Monday (July 13) announced that it has secured additional orders worth Rs 572 crore since its last disclosure on June 22, 2026.
- Grasim Industries announced that its subsidiary, Aditya Birla Renewables Ltd., has entered into an agreement to acquire the Sprng Energy group of companies from Shell Overseas Investment B.V. The transaction carries an enterprise value of Rs 17,200 crore ($1.8 billion).
- Emcure Pharma announced on Monday, July 13, its intention to acquire the remaining 12.05% stake in its subsidiary, Gennova Biopharmaceuticals Ltd, for Rs 231.87 crore, thereby establishing the biotech firm as a wholly-owned subsidiary.
- State Bank of India – SBI Funds Management, a subsidiary of the State Bank of India, has initiated its initial public offering today, seeking subscriptions for a total of Rs 9,813 crore, with shares priced between Rs 545 and Rs 574 each.
- Welspun Enterprises’s subsidiary, Welspun Pune Shirur Projects, has entered into a sub-concession agreement with the Maharashtra State Infrastructure Development Corporation and the Government of Maharashtra for the Rs 7,300-crore Pune-Shirur highway project.
- Container Corporation of India – The state-owned company reported an 8.89% year-on-year increase in container volumes for the quarter ending in June, bolstered by a rise in export-import and domestic cargo volumes.
- Poonawalla Fincorp announced that its Finance Committee has sanctioned the issuance of secured, rated, listed, redeemable non-convertible debentures amounting to Rs 500 crore via the private placement method.