GIFT Nifty Opening Update
GIFT Nifty opened today at 22,648.00. It is up 19.50 points (0.09%) from yesterday’s close of 22,602.50- so the trend is positive.
The Indian stock market is anticipated to commence on a positive note on Monday, 12 October 2026, as GIFT Nifty indicates a favourable opening for domestic benchmark indices. GIFT Nifty was trading near the 22,649 mark, reflecting an increase of approximately 47 points from the previous close of Nifty futures, suggesting a probable positive opening for the Indian equity market. On Friday, domestic equities broke an eight-week losing streak, concluding the week with modest gains as declining crude oil prices and positive corporate updates facilitated a late-week recovery. The BSE Sensex advanced 0.78% over the week to close at 72,472.33, while the NSE Nifty gained 0.44% to settle at 22,520.45.
Investors will monitor various stocks during Monday’s trading session as a succession of corporate announcements draws their attention. Order wins, business updates, expansion plans, and other company-specific developments are expected to influence stock-specific movements. HCL Tech, Anand Rathi and Wealth, DMart, Poonawalla Fincorp, and Canara HSBC Life Insurance are set to attract attention on Monday.
Equities to Monitor:
- HCL Technologies, ICICI Prudential Asset Management Company, RBL Bank shares will attract attention on Monday, as these firms are set to disclose their Q2 results for 2026 today.
- Anand Rathi Wealth net profit experienced a year-on-year decline of 9.5%, amounting to Rs 89.95 crore, whereas revenue saw an increase of 15.7%, reaching Rs 344 crore. EBITDA decreased by 15.1% to Rs 116.8 crore, while the EBITDA margin contracted to 34% from the previous 46.2%.
- Poonawalla Fincorp net profit increased to Rs 374.8 crore from Rs 74 crore in the corresponding period of the previous year. Net interest income experienced a substantial increase of 75.7%, rising to Rs 1,589 crore from Rs 905 crore. Concurrently, assets under management were reported at Rs 74,008 crore.
- DMart net profit increased by 8.5% year-on-year, reaching Rs 743.5 crore, while revenue saw a rise of 17.8%, totalling Rs 19,644 crore.
- Bazaar Style has inaugurated a new Style Baazar outlet in Raniganj, West Bengal, bringing its total number of stores to 286 as of the current date.
- Power Grid has fully commissioned its 20-GW Rajasthan renewable energy evacuation project under Phase III, Part C1, effective September 22, 2026.
- Canara Robeco Asset Management Company reported a 21.5% year-on-year increase in net profit to Rs 59.2 crore. Revenue increased by 18.6% compared to the same period last year, reaching Rs 128 crore.
- Canara HSBC Life Insurance net profit rose by 5.5% year-on-year to Rs 43.1 crore, whereas net premium earned expanded by 13% to Rs 2,553.2 crore.
- Waterways leisure tourism reported a net profit of Rs 54.4 crore, an increase from Rs 30.9 crore in the same period last year. Revenue increased by 30.9% year-on-year, reaching Rs 133 crore, up from Rs 102 crore.
- PTC Industries’s board has sanctioned the termination of its qualified institutional placement, which facilitated the raising of Rs 1,800 crore. The board has sanctioned the issuance and allocation of 8.54 lakh equity shares to qualified institutional buyers at Rs 21,060 per share, which reflects a 5% discount to the floor price.
