GIFT Nifty Opening Update
GIFT Nifty opened today at 22,869.50. It is up 103.00 points (0.45%) from yesterday’s close of 22,714.50- so the trend is positive. The Indian stock market is anticipated to commence on a positive note on Friday, October 23, as suggested by GIFT Nifty. The index was trading near 22,800, up around 165 points, or 0.73%, from the previous close of Nifty futures, signalling a positive start for the domestic benchmark indices. The Sensex and Nifty 50 extended their losing streak to a third consecutive session on Thursday, as surging crude oil prices amid escalating tensions in West Asia dampened investor sentiment. The BSE Sensex experienced a decline of 460.30 points, representing a decrease of 0.62%, concluding at 73,249.39. Meanwhile, the NSE Nifty 50 saw a reduction of 123.70 points, equivalent to a drop of 0.54%, finishing at 22,687.65.
Several stocks are expected to attract attention during Friday’s trading session as companies disclose significant corporate developments. Updates related to order wins, business performance, expansion plans, and other company-specific announcements may impact the movements of individual stocks. Shares in focus on Friday include Infosys, Adani Power, Tata Motors, Swiggy, Cyient, Adani Energy Solutions, and Hindustan Petroleum Corporation.
Equities to monitor:
- Infosys, Adani Power, Shriram Finance, Tata Motors, Bharat Petroleum Corporation, Coforge shares will remain in focus as companies report their Q2 results for 2026 today.
- Swiggy reported a consolidated loss after tax of Rs 922 crore in the September quarter, a decrease from Rs 1,092 crore in the same quarter last year. However, the loss expanded from Rs 792 crore in the June quarter.
- Cyient reported a 7.7% increase in revenue on a quarter-on-quarter basis, reaching Rs 2,235 crore in the September quarter, up from Rs 2,075.7 crore in the previous quarter. Net profit increased by 22% on a sequential basis, rising to Rs 132.5 crore from Rs 108.7 crore.
- eMudhra has chosen to voluntarily withdraw from the global SSL/TLS certificate market, attributing this decision to escalating compliance demands, surging costs, and constrained growth opportunities. The segment constitutes approximately 1% of the company’s total global revenue.
- Adani Energy Solutions has announced a remarkable 148% increase in consolidated net profit for the September quarter, reaching Rs 1,323 crore, up from Rs 534 crore in the same period last year. Revenue from operations increased by 53% year-on-year to Rs 10,076 crore.
- Colgate-Palmolive India reported a 4.1% year-on-year rise in net profit, reaching Rs 341.5 crore in Q2, compared to Rs 328 crore in the same period last year.
- Reliance Industries – Total bids for Reliance Industries’ Jio Platforms The IPO surpassed Rs 1 lakh crore as it reached the midpoint of its second day of bidding, indicating significant advancement for what is characterised as India’s largest IPO.
- Adani Total Gas has announced a 3.2% increase in net profit year-on-year, reaching Rs 167 crore for the second quarter, up from Rs 162 crore in the corresponding period last year.
- BlueStone Jewellery and Lifestyle reported a net loss of Rs 3.2 crore for the quarter ended September 30, 2026, a significant reduction from the Rs 52 crore loss recorded in the same period last year.
- HPCL reported a net profit of Rs 3,482.6 crore in Q2, contrasting with a net loss of Rs 11,526 crore in the preceding quarter.
- CreditAccess Grameen reported a remarkable 298.7% increase in net profit year-on-year, reaching Rs 502 crore in Q2, up from Rs 126 crore in the same quarter last year.
