GIFT Nifty Opening Update
GIFT Nifty opened today at 23,017.50. It is down -38.00 points (-0.16%) from yesterday’s close of 23,042.50- so the trend is negative.
The Indian stock market is anticipated to commence Friday’s trading session, October 30, on a subdued note, as suggested by GIFT Nifty. The index was trading near 23,038, down around 15 points or 0.07% from the previous close of Nifty futures, indicating a largely flat opening for domestic benchmark indices. In the previous session on Thursday, benchmark indices Sensex and Nifty concluded with notable gains, each rising by over 1%, propelled by robust buying activity in the banking, FMCG, and IT sectors. The 30-share BSE Sensex advanced 905.01 points, or 1.24%, to settle at 74,151.04, marking its highest closing level in over a week.
Meanwhile, the NSE Nifty 50 increased by 237.90 points, or 1.05%, concluding the session at 22,936.75. Several stocks are poised to capture investors’ attention as companies unveil business and corporate developments. Updates related to fresh order wins, operational performance, expansion strategies, and other company-specific announcements could influence stock-specific movements during Friday’s trading session. Reliance Industries, Jio Platforms, Bharat Electronics, IndiGo, Suzlon Energy, Trent, Vedanta Power, and RVNL are among the shares attracting attention on Friday.
Equities to Monitor:
- Reliance Industries, Jio Platforms, Sun Pharmaceutical Industries, Bharat Electronics, Indian Oil Corporation, Varun Beverages, GAIL shares will attract attention as these companies are set to announce their Q2 results for 2026 today.
- Trent – Tata Group-owned retail company Trent reported a 25.3% year-on-year increase in consolidated net profit, reaching Rs 468.09 crore in Q2 FY27, up from Rs 373.42 crore in the same quarter of the previous year.
- Suzlon Energy reported a 69% year-on-year decline in consolidated net profit, amounting to Rs 394 crore for the September quarter, compared to Rs 1,279 crore in Q2 FY26. However, revenue from operations increased by 26% to Rs 4,869 crore, propelled by unprecedented quarterly wind turbine deliveries of 710 MW.
- IndiGo – InterGlobe Aviation, operator of the budget airline IndiGo, reported a reduced consolidated net loss of Rs 1,879 crore in Q2 FY27, down from Rs 2,582 crore in the corresponding period of the previous year. However, the loss expanded sequentially from Rs 237 crore reported in the June quarter.
- Vedanta Power achieved profitability in the September quarter of FY27, posting a profit after tax of Rs 83 crore, a notable turnaround from the net loss of Rs 1,688 crore recorded in the same quarter of the previous year. The company reported a net loss of Rs 423 crore in the first quarter of fiscal year 2027.
- RVNL has obtained a letter of award from the Ministry of External Affairs to develop a detailed project report for the establishment of a Professional and Technical Education Center in Seychelles.
- Vedanta Oil and Gas reported a 21% quarter-on-quarter decline in profit to Rs 746 crore in Q2 FY27, compared with Rs 944 crore in the preceding June quarter.
- Sagility India – Promoter Sagility BV is reportedly planning to divest a 12% stake in the company via a block deal valued at Rs 2,377 crore, as per reports.
