GIFT Nifty Opening Update
GIFT Nifty opened today at 24,740.50. It is up 162.50 points (0.66%) from yesterday’s close of 24,579.50— so the trend is positive.
On Tuesday, August 4, Indian benchmark indices exhibited divergent movements in a notable trading session, with the 30-share Sensex experiencing an increase of over 0.60%, while the NSE Nifty 50 saw a decline exceeding 1%. The pronounced divergence between the two leading indices caught market participants off guard. In the previous session, the Sensex experienced a notable increase of 544 points, representing a rise of 0.70%, concluding at 78,639. Meanwhile, the Nifty 50 advanced by 391 points, equivalent to a gain of 1.60%, finishing at 24,774.30. The Nifty surged by approximately 201 points in the last two minutes of Monday’s trading session following the implementation of the Closing Auction Session in the equity cash segment, effective from that day forward.
The market is poised for a positive opening, as trends in the Gift Nifty index indicate an upward trajectory on Wednesday, 5 August. Gift Nifty was positioned around the 24,700 level, reflecting an increase of more than 160 points compared to the prior closing of Nifty futures. “Indian equity markets are poised for a firm start, with improving global risk sentiment underpinning investor confidence after renewed optimism over a potential U.S.-Iran agreement raised expectations that shipping through the Strait of Hormuz could gradually normalize. The prospect of easing geopolitical tensions has driven a sharp decline in crude oil prices, with WTI crude falling to a fresh low near $74 a barrel before stabilizing around the $75 mark. Reflecting the improvement in sentiment, GIFT Nifty futures are trading above the 24,700 level in early trade, comfortably above the Nifty’s previous close of 24,614, pointing to a positive opening for domestic equities,” 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:
- Whirlpool of India, Power Grid Corporation of India, PB Fintech, Biocon are set to capture attention as these firms announce their Q1 results for 2026 today.
- Nykaa – The parent company of Nykaa reported a substantial increase in profitability for the June quarter, with its consolidated net profit rising more than threefold year-on-year to Rs 79.7 crore, up from Rs 24.4 crore in the same quarter last year.
- Bharti Airtel reported a consolidated net profit of Rs 8,167 crore for the April–June quarter of FY27, reflecting a 37% year-on-year increase from Rs 5,948 crore in the corresponding period last year.
- LIC – The government is set to initiate an offer for sale in LIC on Tuesday, targeting non-retail investors. This move is aligned with its strategy to reduce its stake and comply with minimum public shareholding requirements ahead of the established timeline. Retail investors are afforded the opportunity to engage in the Offer for Sale on Wednesday.
- BSE, India’s oldest stock exchange, reported a 62% year-on-year increase in consolidated net profit attributable to shareholders for the June quarter, driven by higher operational revenue and stronger investment income. Profit attributable to shareholders increased to Rs 874 crore, in contrast to Rs 539 crore during the same period last year.
- HDFC Bank is set to convene its 32nd Annual General Meeting on August 5, subsequent to the resignation of former non-executive chairman Atanu Chakraborty, who stepped down due to “ethical concerns. Shareholders will also evaluate proposals to raise capital through Additional Tier I perpetual debt instruments, Tier II bonds, and long-term infrastructure bonds via private placement.
- Marico reported a 27% year-on-year increase in consolidated net profit to Rs 652 crore for the June quarter, compared to Rs 513 crore in the same period last year.
- Bharti Hexacom exhibited robust performance in the June quarter, with consolidated net profit increasing by more than 23% year-on-year to Rs 482.4 crore, up from Rs 391.6 crore in the same period last year, bolstered by revenue growth and enhanced operating profitability.
- NHPC reported a consolidated net profit of Rs 1,095.87 crore for the quarter ending June 30, 2026, reflecting an increase of 2.9% compared to Rs 1,065.02 crore in the corresponding quarter of the previous year.