GIFT Nifty Opening Update
GIFT Nifty opened today at 24,563.00. It is up 58.00 points (0.24%) from yesterday’s close of 24,492.00— so the trend is positive.
Indian benchmark indices, the Sensex and Nifty 50, extended their winning streak to a fourth consecutive session on Monday, July 6, bolstered by the revival of the monsoon and renewed foreign institutional investor buying, which enhanced market sentiment. The Sensex climbed 521 points, or 0.67%, to settle at 78,285, while the Nifty 50 advanced 160 points, or 0.66%, to close at 24,430. Broader markets concluded the session in positive territory, as evidenced by the gains recorded in both the mid-cap and small-cap indices. However, the market is likely to open positively as trends in the Gift Nifty index signalled a favourable start on Tuesday, 7 July. Gift Nifty was positioned around the 24,578 level, reflecting an increase of more than 95 points compared to the prior closing of Nifty futures.
“Indian equities are expected to trade with a constructive bias, supported by favourable global cues, resilient domestic fundamentals and improving investor sentiment. Foreign Institutional Investors have turned net buyers over the past two sessions, reflecting improving risk appetite as geopolitical tensions ease and weaker-than-expected U.S. labour market data reinforce expectations of a less hawkish Federal Reserve. Domestic Institutional Investors (DIIs) have also maintained steady buying, providing continued support to the market and reinforcing the positive underlying tone,” said Ponmudi R.
As the market indicates a negative/positive opening, certain stocks are expected to attract attention on Tuesday owing to their individual positive/negative catalysts.
Stocks to Monitor:
- Cochin Shipyard – The government on Monday announced an Offer for Sale (OFS) in the company, which includes a base offer of a 2.52% stake, along with an additional 2.52% green-shoe option that may be exercised in the case of oversubscription.
- Trent – The Tata Group retailer reported a 19% year-on-year increase in standalone revenue for the June quarter, attributed to ongoing store expansion within its Westside and Zudio brands.
- Titan reported a 41% year-on-year growth in its consumer businesses for the first quarter of FY27, supported by robust performance across its jewellery, watches, eyewear and emerging businesses, as well as continued expansion of its retail network.
- Varun Beverages – PepsiCo’s second-largest bottling partner announced that its wholly owned subsidiary, VBL Industries (Kenya), has entered into a business transfer agreement to acquire the value-added dairy beverages, juices, and packaged drinking water business of Devyani Food Industries (Kenya) Ltd for $32 million (approximately Rs 305 crore).
- Tata Motors Passenger Vehicles reported an increase in production and domestic sales for the majority of its passenger vehicle range during the April–June 2026 quarter, as per data published by the Society of Indian Automobile Manufacturers (SIAM).
- Torrent Pharma has obtained approval from the Ahmedabad Bench of the National Company Law Tribunal (NCLT) for the proposed merger of JB Chemicals & Pharmaceuticals Ltd. with the company and their respective shareholders.
- Blue Jet Healthcare has initiated a qualified institutional placement (QIP) valued at Rs 600 crore to secure funding for expansion initiatives. The issue is priced at an indicative Rs 506 per equity share, reflecting a 10% discount to its Monday closing price of Rs 572.
- Hexaware Technologies has announced a strategic partnership with SmartRent Inc. aimed at enhancing customer operations and streamlining revenue processes through the implementation of AI-native solutions.
- Jubilant FoodWorks, which manages the fast-food brands Domino’s Pizza and Dunkin’ Doughnuts, announced a 14.1% increase in consolidated revenue from operations, reaching Rs 2,569.3 crore for the quarter ending June 30, 2026, compared to the same period last year.
- RITES Ltd, an infrastructure, consultancy, and engineering firm, announced on Monday that it has received a Letter of Acceptance from Volantis Asset Finance (Pty) Ltd, South Africa, for the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives.