GIFT Nifty Opening Update
GIFT Nifty opened today at 24,125.50. It is down -51.50 points (-0.21%) from yesterday’s close of 24,169.50— so the trend is negative.
The Indian stock market concluded lower on Tuesday, July 21, with benchmark indices Sensex and Nifty 50 experiencing declines for a second consecutive session. Ongoing tensions in the Middle East, coupled with elevated crude oil prices, have contributed to a subdued investor sentiment. The Sensex declined by 238 points, representing a decrease of 0.31%, concluding at 77,470.11. Meanwhile, the Nifty 50 experienced a reduction of 51 points, equivalent to 0.21%, finishing at 24,187.70. However, the market is likely to open on a cautious note as trends in the Gift Nifty index signalled a negative start on Wednesday, 22 July. Gift Nifty was positioned around the 24,108 level, reflecting a decline of more than 72 points from the prior closing of Nifty futures.
“Indian equities are poised for a measured start on Wednesday, with positive global cues expected to underpin sentiment, although elevated crude oil prices and persistent geopolitical tensions are likely to temper risk appetite. Still, gains in domestic markets may remain measured as crude oil prices continue to hover near the $84–85 per barrel range. The renewed strength in oil is keeping investors cautious over its potential impact on India’s inflation outlook, import bill and corporate margins, limiting the scope for aggressive buying despite the constructive global backdrop,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Wednesday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Shares of Eternal, Adani Power, Nestle India, Adani Green Energy, Bharat Petroleum Corporation, JSW Energy, Dr Reddy’s Laboratories, and Hindustan Petroleum Corporation are set to attract attention as these companies announce their Q1 results for 2026 today.
- Adani Total Gas disclosed a 14% year-on-year decline in consolidated net profit, amounting to 142 crore for the first quarter.
- Indian Hotels – Tata Group-owned Indian Hotels Company reported an 18.67% year-on-year rise in consolidated net profit, reaching Rs 390.81 crore for the quarter ending June 2026.
- Adani Energy Solutions reported a 124% year-on-year increase in consolidated net profit, reaching Rs 1,149 crore in the first quarter.
- Bandhan Bank Q1 Results – Private lender Bandhan Bank on Tuesday reported a 35% year-on-year increase in net profit to Rs 502 crore for the first quarter of FY27, up from Rs 372 crore in the same quarter of the previous financial year.
- Maruti Suzuki India on Tuesday declared a price hike of up to 30,000 across its entire vehicle lineup, set to take effect from August 2026, attributed to a persistent increase in input costs.
- Cyient DLM reported a profit after tax of Rs 16.3 crore for the first quarter of FY27, reflecting a substantial year-on-year increase of 118.2% from Rs 7.4 crore recorded in the same period last year.
- TVS Holdings, the promoter company of TVS Motor Company, on Tuesday announced a 73.8% increase in net profit year-on-year, reaching Rs 1,173.5 crore for the first quarter, up from Rs 675.3 crore in the corresponding period last year.
- JSW Infrastructure – The JSW Group company reported a consolidated net profit of Rs 357.6 crore for the first quarter of FY2026-27, reflecting an 8.2% year-on-year decline, despite revenue and operating profit achieving double-digit growth.