GIFT Nifty Opening Update
GIFT Nifty opened today at 24,132.00. It is down -124.50 points (-0.51%) from yesterday’s close of 24,283.00— so the trend is negative.
Indian benchmark indices, the Sensex and Nifty 50, concluded the trading session on Monday, July 20, in negative territory, reflecting subdued global sentiment as tensions between the United States and Iran intensified. The Sensex experienced a decline of 443 points, representing a decrease of 0.57%, concluding at 77,708.52. Meanwhile, the Nifty 50 recorded a loss of 96 points, equivalent to a 0.39% drop, finishing the session at 24,238.50. The broader markets exhibited superior performance compared to the headline indices. The Nifty Midcap 100 advanced by 0.60%, whereas the Nifty Smallcap 100 recorded a gain of 0.16%.
However, the market is likely to open lower as trends in the Gift Nifty index signalled a negative start on Tuesday, 21 July. Gift Nifty was positioned around the 24,154 level, reflecting a decline of more than 105 points from the prior closing of Nifty futures. “Indian equity markets are expected to open on a subdued note as investors remain cautious amid escalating geopolitical tensions in the Middle East, elevated crude oil prices, persistent foreign portfolio investor (FPI) selling, and continued weakness in the Indian rupee. The combination of external headwinds has reinforced a risk-off mood, limiting investors’ appetite for equities,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Tuesday due to their individual positive or negative catalysts.
Equities to Monitor:
- Bajaj Auto, Adani Energy Solutions, Indian Hotels Company, TVS Motor Company, JSW Infrastructure, Adani Total Gas will be under scrutiny as these firms are set to disclose their Q1 results for 2026 today.
- CDSL – The Securities and Exchange Board of India has imposed a fine of Rs 1 crore on Central Depository Services (India) Ltd due to cybersecurity and operational shortcomings that resulted in a malware attack in November 2022.
- Paytm – One97 Communications, the parent of Paytm, reported a 79% year-on-year increase in net profit to Rs 220 crore for the quarter, up from Rs 123 crore in the same period last year.
- BlueStone Jewellery and Lifestyle reported an adjusted net profit of Rs 14 crore for the June quarter, marking a turnaround from an adjusted net loss of Rs 21 crore in the corresponding period last year.
- Larsen & Toubro on Monday announced that its Metals & Minerals business has secured multiple significant contracts from leading public and private sector metals and mining firms in India, thereby reinforcing its role in delivering engineering, procurement, and construction solutions throughout the metals and minerals value chain.
- Canara HSBC Life Insurance reported a year-on-year increase of 20.3% in net profit, reaching Rs 28.1 crore in the first quarter.
- Sobha reported a robust performance in the first quarter, with net profit increasing to Rs 51 crore from Rs 14 crore during the corresponding period last year.
- Emcure Pharma has disclosed that its co-marketed brand, Poviztra, has received approval from the Central Drugs Standard Control Organisation for the treatment of non-cirrhotic metabolic dysfunction-associated steatohepatitis in adults exhibiting moderate-to-advanced liver fibrosis.
- IndiGo has entered into a Memorandum of Understanding with CFM International to procure over 1,000 LEAP-1A engines for 510 Airbus A320neo Family aircraft. The agreement signifies the largest single order for LEAP engines to date and establishes a new benchmark for CFM International.