GIFT Nifty Opening Update
GIFT Nifty opened today at 24,282.50. It is up 20.50 points (0.08%) from yesterday’s close of 24,297.50— so the trend is positive.
Bulls finally made a comeback on Dalal Street on Thursday, August 20, following a seven-session losing skid. The main indices saw strong increases, rekindling market optimism. Despite the ongoing impasse between the US and Iran regarding the Strait of Hormuz, robust demand for banking and NBFC stocks, along with advancements in FMCG and technology shares, bolstered the market. The Nifty 50 concluded the trading session with an increase of 0.55%, closing at 24,211. The Sensex increased by 0.75%, closing at 77,488. Broader markets also closed in positive territory, with the Nifty Smallcap 100 increasing by 0.67% and the Nifty Midcap 100 advancing by 0.50%.
“Markets staged a strong rebound on Thursday, snapping their seven-session losing streak amid supportive global cues. After a firm opening, the Nifty maintained a positive bias through most of the session, while the Sensex also advanced strongly. On the weekly expiry day, the Nifty settled at 24,231, while the Sensex closed at 77,537.72. Investor sentiment improved following stabilisation in global bond markets after the US Treasury announced measures to increase buybacks of long-duration debt, easing concerns over rising global yields. A stronger rupee and short covering following the recent correction further supported the recovery. However, Brent crude remained elevated near $94 per barrel amid continuing geopolitical tensions and uncertainty surrounding the Strait of Hormuz, keeping inflation and external-sector risks on investors’ radar,” said Ajit Mishra.
As the market exhibited a positive shift, certain stocks are expected to attract attention on Friday, influenced by their individual positive or negative catalysts. Equities to Monitor:
- Hindustan Aeronautics – The Bengaluru bench of the NCLT has sanctioned the dissolution of Infotech HAL Ltd, a dormant joint venture equally owned by Hindustan Aeronautics Ltd and Cyient.
- RailTel Corp – The Navratna PSU has secured a contract valued at Rs 164.79 crore from Western Coalfields for the establishment of an MPLS VPN network, which will be on a rental basis for a duration of 60 months. The project is slated for execution by September 2031.
- Tata Motors Passenger Vehicles has reinstated standard operations at its Sanand facilities in Gujarat, along with suppliers’ plants in the vicinity, following brief interruptions due to significant rainfall and flooding.
- Kfin Technologies experienced a significant block deal, as General Atlantic Singapore divested 1.51 crore shares, equating to an 8.8% stake in the firm, for approximately Rs 1,400 crore.
- Lemon Tree Hotel has bolstered its footprint in Gujarat with the inauguration of Lemon Tree Hotel in Bharuch, thereby increasing its total operational portfolio in the state to 12 properties.
- Krishna Institute of Medical Sciences has entered into an operations and management agreement with Aurevia Hospitals to take exclusive control of the 250-bed Arete Hospital located in Gachibowli, Hyderabad.
- Amagi Media Labs is expected to attract attention on Friday following the launch of a Rs 600 crore block deal on Thursday, representing approximately 5% of its total equity.
- Niva Bupa Health Insurance – Meanwhile, the health insurance company stated that the IRDAI has issued a warning regarding the violation of the applicable Expense of Management limits for FY25. The regulator has imposed a six-month prohibition on the company from establishing new business locations, effective August 19, 2026.
- Saatvik Green Energy announced that its material subsidiary, Saatvik Solar Industries, has secured and accepted a commercial order valued at Rs 190 crore from a domestic independent power producer/EPC player for the supply of solar PV modules.
