GIFT Nifty Opening Update
GIFT Nifty opened today at 24,292.50. It is up 145.50 points (0.60%) from yesterday’s close of 24,091.50— so the trend is positive.
The Indian stock market continued its subdued trend, with the benchmark indices closing slightly lower in response to mixed global signals on Tuesday, 28 July. The BSE Sensex declined by 70 points, representing a decrease of 0.09%, concluding at 76,765.92. Meanwhile, the NSE Nifty 50 saw a reduction of 11 points, or 0.04%, finishing at 23,985.35. However, the market is likely to open on a higher note as trends in the Gift Nifty index signalled a positive start on Wednesday, 29 July. Gift Nifty was positioned around the 24,253 level, reflecting an increase of more than 150 points compared to the prior closing of Nifty futures.
“Indian equity markets are likely to open higher, with GIFT Nifty futures trading near the 24,200 level in early trade, suggesting a gap-up opening relative to the Nifty’s previous close of 23,985. Despite the positive opening cues, underlying sentiment is expected to remain cautious as geopolitical tensions in the Middle East continue to dominate investor focus,” said Ponmudi R.
As the market indicates a favourable opening, certain stocks are expected to attract attention on Wednesday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Adani Enterprises, Waaree Energies, Adani Ports and Special Economic Zone, and Bajaj Housing Finance are set to capture attention as these companies announce their Q1 results for 2026 today.
- L&T on Tuesday reported a 14% year-on-year rise in consolidated profit after tax to Rs 4,123 crore for the quarter ended June 30, 2026, compared with Rs 3,617 crore in the corresponding quarter last year.
- RVNL has established August 18 as the record date to ascertain the eligibility of shareholders for its final dividend of Rs 0.71 per share.
- Suzlon Energy reported a consolidated net profit of Rs 305 crore for the first quarter of FY27, reflecting a decline of nearly 6% year-on-year from Rs 324 crore recorded in the corresponding quarter of the prior financial year.
- Tata Capital reported a consolidated net profit of Rs 1,547 crore in the first quarter of FY27, reflecting a significant increase of over 56% year-on-year from Rs 990 crore in the same quarter last year.
- Ambuja Cements reported a consolidated net profit of Rs 577 crore for the first quarter of FY27, reflecting a 34% year-on-year decline from Rs 869 crore recorded in the same period last year.
- DCM Shriram on Tuesday reported a more than six-fold increase in profit after tax for the quarter ended June 30, 2026, while both revenue and operating profit recorded year-on-year growth.
- VST Industries – The cigarette and tobacco leaf manufacturer reported a 24.5% year-on-year decline in net profit for the first quarter of fiscal year 2027, as increased cigarette taxes and a downturn in its tobacco business adversely affected its overall performance.
- NTPC – The President of India has sanctioned the re-employment of Gurdeep Singh as Chairman and Managing Director of NTPC on a contractual basis for an extended period of six months following the conclusion of his current term on July 31, 2026. The extension will take effect from August 1, 2026, thereby ensuring continuity in the company’s leadership.