GIFT Nifty Opening Update
GIFT Nifty opened today at 24,618.50. It is down -17.50 points (-0.07%) from yesterday’s close of 24,631.50— so the trend is negative. The Indian stock market exhibited limited volatility on Monday, August 10, as the ambiguity regarding a prospective peace agreement in the Middle East sustained elevated crude oil prices for the fourth consecutive session. Meanwhile, the release of weaker-than-expected US jobs data has alleviated apprehensions regarding the likelihood of imminent interest rate increases by the US Federal Reserve. The Nifty 50 experienced a marginal increase of 0.05%, concluding at 24,583, whereas the Sensex recorded a slight decline of 0.06%, finishing at 78,542.
The market is expected to commence with a cautious outlook, as indications from the Gift Nifty index suggest a subdued opening on Tuesday, 11 August. Gift Nifty was positioned around the 24,616.5 level, reflecting a decline of more than 43 points compared to the prior close of Nifty futures. “Indian equity markets are expected to trade with a cautious bias as uncertainty surrounding U.S.-Iran negotiations over the reopening of the Strait of Hormuz continues to weigh on global risk sentiment. The renewed geopolitical uncertainty has triggered a rebound in crude oil prices, contributing to a weaker close on Wall Street and a subdued start across Asian markets, setting a cautious backdrop for domestic equities,” said Ponmudi R.
As the market indicates a negative opening, certain stocks are expected to attract attention on Tuesday owing to their individual positive or negative catalysts.
Equities to Monitor:
- Rail Vikas Nigam, MRF, Zydus Lifesciences, NBCC (India), and Senco Gold are set to capture attention as these companies announce their Q1 results for 2026 today.
- Vodafone Idea reported a net loss of Rs 3,754 crore in the first quarter of FY27, in contrast to a profit of Rs 51,970 crore recorded in the fourth quarter of FY26. The previous quarter’s bottom line was significantly enhanced by an exceptional gain of 57,491 crore, while the company noted an exceptional gain of 1,611 crore in the June quarter.
- Wipro will be replaced in the Nifty 50 index effective September 30, signalling the Bengaluru-based IT services major’s departure from India’s benchmark equity index. The move signifies the conclusion of Wipro’s almost uninterrupted presence in the Nifty 50 since the inception of the index.
- Bharti Airtel’s B2B division, Airtel Business, has formed a partnership with the state-owned telecom entity ITI Ltd to collaboratively provide digital solutions to enterprises, as stated in a joint announcement made on Monday.
- ONGC – State-owned Oil and Natural Gas Corporation and Shell Energy India have entered into a non-binding memorandum of understanding (MoU) to explore opportunities in deepwater and ultra-deepwater oil and gas exploration, along with sourcing liquefied natural gas.
- Bharat Electronics – Navratna defence PSU Bharat Electronics Ltd announced that it has secured additional orders amounting to Rs 541 crore following its last disclosure on July 31, 2026.
- Gland Pharma company reported a 47.1% year-on-year increase in net profit to Rs 317 crore for Q1 FY27, compared to Rs 215 crore in the corresponding quarter of the previous year.
- Lupin announced that it has obtained approval from the US Food and Drug Administration for its Abbreviated New Drug Application for Sodium Zirconium Cyclosilicate for Oral Suspension in 5 g/packet and 10 g/packet strengths.
- Zen Technologies has secured an order valued at Rs 295 crore, inclusive of GST, from the Ministry of Defence for the provision of simulators.
- KEC International reported a lacklustre operating performance in the first quarter of FY27, with net profit decreasing by 41.7% year-on-year to Rs 72.6 crore, down from Rs 124.6 crore. Revenue, meanwhile, held steady at Rs 5,024 crore.