GIFT Nifty Opening Update
GIFT Nifty opened today at 23,985.50. It is down -82.00 points (-0.34%) from yesterday’s close of 24,042.00— so the trend is negative.
The Indian stock market experienced widespread buying on Monday, July 27, as benchmark indices rose approximately 1% each, effectively ending a five-session decline. The 30-share Sensex experienced a notable increase of 776 points, representing a rise of 1.02%, concluding at 76,835.78. Meanwhile, the NSE Nifty 50 advanced by 229 points, equivalent to a 0.96% gain, finishing at 23,995.95. However, the market is likely to open on a subdued note as trends in the Gift Nifty index indicated a negative start on Tuesday, 28 July. Gift Nifty was positioned around the 23,986 level, reflecting a decline of more than 42 points from the prior closing of Nifty futures.
“Indian markets are expected to trade cautiously, balancing an improving geopolitical backdrop against renewed volatility in global technology stocks. The U.S. continues to pause strikes on Iran, keeping hopes of a diplomatic resolution alive, although investors remain cautious as markets await tangible progress in the ongoing negotiations. Early indications from Gift Nifty futures, trading around the 24,000 mark, point to a largely flat start for domestic equities,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Tuesday, driven by their individual positive or negative catalysts.
Equities to Monitor:
- Larsen and Toubro, Hindustan Unilever, Varun Beverages, Tata Capital, and Suzlon Energy shares are set to attract attention as these companies announce their Q1 results for 2026 today.
- HDFC Bank has finalised its internal assessment of the deposit arrangement with the Maharashtra State Road Development Corporation. Following the review, the board concluded that the employees involved had exceeded business boundaries but found no evidence of bad faith, personal gain, or any improper motive.
- Bharat Electronics, a defence public sector undertaking, reported a consolidated net profit of Rs 1,054.53 crore for the first quarter of FY27. This figure reflects an approximate 9% year-on-year increase from Rs 969.91 crore reported in the same period last year.
- Adani Energy Solutions on Monday initiated its qualified institutional placement aimed at raising Rs 3,500 crore from institutional investors under the base issue. The company has established the floor price for the offering at Rs 1,698.15 per equity share.
- Coal India reported a consolidated net profit of Rs 8,852 crore for the first quarter of FY27, indicating a slight year-on-year increase of less than 1% compared to Rs 8,797 crore in the corresponding quarter of the previous financial year.
- Tata Power reported June quarter results that exceeded expectations, with net profit increasing by 11% compared to the previous year. Robust contributions from its renewable energy, transmission, and power generation sectors effectively mitigated the pressures on operating margins.
- Indus Towers reported earnings for the June quarter that were largely consistent with market expectations. The company’s net profit decreased by 2.6% on a sequential basis, amounting to Rs 1,745.8 crore, down from Rs 1,792.9 crore reported in the preceding quarter.
- Welspun Corp has secured a new order valued at approximately 960 crore for the supply of coated line pipes from its manufacturing facility located in Little Rock, US.
- Northern Arc Capital reported a 17.6% year-on-year increase in net profit, reaching Rs 121.8 crore for the quarter ending June 30, compared to Rs 103.6 crore in the same period last year.
- Gravita India on Monday reported a 14.1% year-on-year rise in consolidated profit to Rs 106.4 crore for the first quarter, compared with Rs 93.3 crore in the year-ago period.