GIFT Nifty Opening Update
GIFT Nifty opened today at 24,420.50. It is down -49.00 points (-0.20%) from yesterday’s close of 24,471.00— so the trend is negative.
The Indian stock market persisted in its downward trajectory on Wednesday, with the Nifty 50 concluding at 24,435, reflecting a decrease of 35 points, or 0.15%. The weakness emerged against a backdrop of heightened geopolitical tensions in the Middle East, a renewed increase in crude oil prices, and selling pressure affecting Tata Group stocks. The market is poised for a negative opening, as indicated by trends in the Gift Nifty index on Thursday, 13 August. Gift Nifty was positioned around the 24,446.5 level, reflecting a decline of more than 24 points from the prior closing of Nifty futures.
“Indian equity markets are expected to open on a cautious note, with GIFT Nifty futures hovering just above the 24,400 mark compared with the Nifty’s previous close of 24,435, pointing to a muted start despite a rebound across global markets. Elevated crude oil prices, driven by the continuing US-Iran standoff over the Strait of Hormuz, remain the primary overhang for domestic equities and are likely to keep investor sentiment measured,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Thursday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Tata Motors Passenger Vehicles, LG Electronics India, Honasa Consumer, and Brainbees Solutions shares will be under scrutiny as these companies are set to announce their Q1 results for 2026 today.
- Jio Financial Services and Bank of America Corporation have finalised a definitive agreement whereby Bank of America will acquire up to a 49.9% stake as a joint venture partner in Jio Financial Services Limited’s wholly owned non-banking financial company lending arm, Jio Credit. The investment will be executed via a preferential allotment of equity shares and warrants.
- GMR Airports reported a consolidated net profit of Rs 91 crore for the quarter ending June 30, 2026, marking a reversal from a net loss of Rs 212 crore in the corresponding period of the previous year, bolstered by enhanced revenue and operational performance.
- Lenskart Solutions reported a net profit of Rs 222 crore in the first quarter of FY27, a significant increase from Rs 60 crore in the same quarter of the previous year.
- Apollo Hospitals Enterprise reported a 38.4% year-on-year increase in consolidated net profit to Rs 610 crore for the quarter ended June 30, 2026, up from Rs 441 crore in the corresponding period last year.
- Grasim Industries reported a standalone net profit of Rs 247 crore in Q1FY27, a notable recovery from a net loss of Rs 118 crore in the corresponding quarter of the previous year. The company reported a standalone profit of Rs 164 crore in Q4FY26.
- Axis Bank has successfully raised $300 million, which is approximately Rs 2,850 crore, thru the issuance of bonds aimed at overseas investors. The funds will be allocated to facilitate the bank’s strategic expansion and growth initiatives.
- IRCON International reported a net profit decline of 43.62% year-on-year, amounting to Rs 92.74 crore in Q1FY27, a decrease from Rs 164.5 crore in the same quarter of the previous year.
- Waterways leisure tourism has established August 26 as the record date to ascertain which shareholders qualify for the proposed stock split.
