GIFT Nifty Opening Update
GIFT Nifty opened today at 24,049.50. It is up 29.00 points (0.12%) from yesterday’s close of 24,014.50— so the trend is positive.
The Indian stock market concluded in negative territory on Tuesday, July 14, as investor sentiment faced pressure from escalating geopolitical tensions and rising crude oil prices. Ending a three-session winning streak, the Sensex experienced a decline of 561 points, or 0.72%, settling at 77,054.94. Meanwhile, the Nifty 50 decreased by 159 points, or 0.66%, closing at 24,052.05. However, the market is likely to open lower as trends in the Gift Nifty index signalled a negative start on Wednesday, 15 July. Gift Nifty was trading near the 24,049 mark, up over 25 points from the previous close of Nifty futures.
“Indian markets are expected to open on a steady note, with Gift Nifty trading around 24,049, broadly in line with the Nifty’s previous close of 24,052, indicating a flat-to-steady start. However, underlying sentiment is likely to remain cautious as geopolitical tensions in the Middle East continue to dominate investor focus. The United States and Iran have continued to exchange missile strikes, keeping concerns over regional stability elevated and pushing crude oil prices above $85 per barrel amid fears of prolonged disruptions to global energy supplies. Persistently higher oil prices are expected to remain a key headwind for import-dependent economies such as India by adding to inflationary pressures and concerns over the current account deficit,” said Ponmudi R.
As the market indicates a negative/positive opening, certain stocks are expected to attract attention on Wednesday owing to their specific positive/negative catalysts.
Equities to Monitor:
- Union Bank of India, Groww, HDFC Life Insurance Company, HDFC Asset Management Company, and ICICI Prudential Life Insurance Company are set to capture attention as they announce their Q1 results for FY27 today.
- Tata Elxsi reported a net profit of Rs 170.6 crore for the quarter ending June 30, 2026, reflecting an 18.2% increase compared to the same period last year.
- L&T Technology Services on Tuesday, July 14, reported a consolidated net profit of Rs 357 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting a 13% increase relative to the corresponding period of the previous year.
- Delhivery announced on Tuesday that the Reserve Bank of India has granted approval for its wholly owned subsidiary, Delhivery Financial Services Private Limited, to receive a Certificate of Registration as a Type II non-deposit taking non-banking financial company.
- Jammu & Kashmir Bank – The state-owned lender intends to divest a 0.5% stake in PNB MetLife India Insurance Company Ltd to MetLife International Holdings, LLC for Rs 120.1 crore.
- Hero MotoCorp’s Committee of Directors has sanctioned an additional investment of up to Rs 10 billion in its associate company, Ather Energy, through the subscription of equity shares or other eligible securities that represent or are convertible into equity shares via a preferential allotment.
- Easy Trip Planners – Travel-tech platform EaseMyTrip has announced a strategic Memorandum of Understanding with the Department of Tourism, Government of Jharkhand. This collaboration aims to digitally promote the state’s tourism destinations and enhance their visibility among travellers across the nation.
- NBCC (India) announced that its board has sanctioned a scheme of arrangement for the merger of its wholly owned subsidiary, HSCC (India) Ltd, into the company on a going-concern basis.
- Kirloskar Brothers – On Tuesday, a prominent pump manufacturer announced that its wholly owned subsidiary, SPP Pumps Ltd, based in the UK, has obtained an international contract valued at GBP 11.67 million (approximately Rs 149.59 crore) from Saipem Offshore Construction SPA for the provision of vertical pumps and associated spare parts.