GIFT Nifty Opening Update
GIFT Nifty opened today at 24,409.50. It is down -33.50 points (-0.14%) from yesterday’s close of 24,431.00— so the trend is negative.
The benchmark indices, Sensex and Nifty 50, concluded lower on Friday, 14 August, thereby interrupting their two-week winning streak. Market sentiment exhibited a cautious demeanour, influenced by uncertainty surrounding a potential US-Iran peace agreement, fluctuations in crude oil prices, increasing bond yields, and apprehensions regarding a resurgence of inflationary pressures. The Sensex declined by 71 points, representing a decrease of 0.09%, closing at 78,009.25. Meanwhile, the Nifty 50 experienced a drop of 30 points, equivalent to 0.12%, settling at 24,366.
On Monday, the market is anticipated to commence in the negative territory, as indications from the Gift Nifty index suggest a bearish opening. Gift Nifty was positioned at approximately 24,393.5, reflecting a decline of more than 56 points from the prior closing of Nifty futures. “Indian equity markets are expected to remain range-bound with a cautious bias as persistent geopolitical tensions in the Middle East continue to restrain risk appetite. Ongoing disruptions to regional shipping, Iran’s assertion that the Strait of Hormuz remains under its control, and renewed Israeli strikes in Lebanon have heightened concerns over further escalation and prolonged disruptions to global energy and trade routes,” said Ponmudi R. As the market indicates a negative opening, certain stocks are expected to attract attention on Monday owing to their individual positive or negative catalysts. Equities to Monitor:
- Cochin Shipyard reported a decline exceeding 19% in consolidated net profit, amounting to Rs 151.5 crore in Q1 FY27, in contrast to Rs 188 crore during the same period last year.
- Reliance Industries and UK-based aerospace major Rolls-Royce on Friday announced plans to jointly develop an indigenous combat engine for India’s Advanced Medium Combat Aircraft (AMCA) program, thereby reinforcing initiatives aimed at establishing self-reliant aerospace propulsion capabilities within the nation.
- Voltas reported a 52% year-on-year increase in consolidated net profit to Rs 214 crore in Q4 FY27, compared to Rs 140 crore in the corresponding quarter of the previous year.
- PhysicsWallah reduced its consolidated net loss by 31% to Rs 88.3 crore in the April-June quarter, down from Rs 127 crore a year prior, as operating revenue increased by 24% to Rs 1,054 crore, largely propelled by its online business.
- NMDC – State-run NMDC reported a 2% year-on-year increase in consolidated net profit to Rs 2,005.71 crore for the June quarter, aided by higher revenue from iron ore sales.
- IndusInd Bank – The Reserve Bank of India has imposed a monetary penalty of Rs 59.20 lakh on private sector lender IndusInd Bank for breaching specific provisions of its directives related to ‘Interest Rate on Deposits’ and ‘Securitisation of Standard Assets’.
- Patanjali Foods’s consolidated profit surged 86% year-on-year to Rs 335.7 crore, in contrast to Rs 180.4 crore during the same period last year. Revenue from operations increased by 29% to Rs 11,337.5 crore, whereas EBITDA experienced a substantial rise of 69% to Rs 543.3 crore.
- Schneider Electric’s Indian arm reported a 69.84% year-on-year decline in profit after tax attributable to the company’s owners, amounting to Rs 12.44 crore in the June quarter, a decrease from Rs 41.24 crore a year earlier. Meanwhile, revenue from operations rose by 4.78%, reaching Rs 651.36 crore, up from Rs 621.63 crore.
- Kwality Wall’s reported a 35% year-on-year rise in net profit, reaching Rs 51 crore in Q4 FY27, up from Rs 38 crore in the same quarter of the previous year.
- Natco Pharma’s consolidated net profit experienced a significant decline of 57% year-on-year, amounting to Rs 206.5 crore in the first quarter ending June 2026. This downturn can be attributed mainly to reduced sales of its generic cancer medication, lenalidomide.
