GIFT Nifty Opening Update
GIFT Nifty opened today at 23,174.50. It is up 33.00 points (0.14%) from yesterday’s close of 23,094.50- so the trend is positive.
The Indian stock market is anticipated to commence at a higher level on Monday, October 19, as suggested by GIFT Nifty. The index was trading around 23,174.5, up nearly 80 points or 0.35% from the previous close of Nifty futures, indicating a favourable beginning for domestic benchmark indices. On Friday, Indian equities concluded higher for the second consecutive session, with the Sensex increasing by over 400 points and the Nifty 50 surpassing the 23,100 threshold. Information technology stocks spearheaded the advances, rising over 3% due to persistent buying interest fuelled by corporate earnings. The Sensex concluded at 74,729.27, reflecting an increase of 413.66 points, equivalent to a rise of 0.56% from its prior closing figure of 74,315.61.
The Nifty 50 concluded at 23,146.15, reflecting an increase of 148.80 points or 0.65% from the prior close of 22,997.35. Meanwhile, several stocks are expected to attract attention during Monday’s trading session as companies disclose significant corporate developments. Updates regarding order wins, business performance, expansion plans, and other company-specific developments may impact the movements of individual stocks. Hindustan Zinc, IREDA, Bajaj Finance, HDFC Bank, ICICI Bank, Axis Bank, and Vedanta are among the equities that will attract attention on Monday.
Equities to Monitor:
- Hindustan Zinc, IREDA, Bajaj Finance, L&T Technology, and Union Bank shares will attract attention as these companies are part of the 35 firms scheduled to announce their Q2 results for 2026 today.
- HDFC Bank reported a 4.7% increase in net profit year-on-year, reaching Rs 19,510 crore for the September quarter. Net interest income experienced a growth of 9.7% during the period.
- Axis Bank‘s net profit increased by 37.6% year-on-year, reaching Rs 7,003 crore in the September quarter. NII increased by 11.8% to Rs 15,372 crore, surpassing market expectations.
- ICICI Bank reported results for the September quarter that exceeded expectations, with net profit increasing by 20.1% year-on-year to Rs 14,843 crore and net interest income rising by 17.7% to Rs 25,339 crore. Asset quality exhibited an enhancement during the quarter.
- Yes Bank reported a year-on-year increase of 65.14% in net profit, reaching Rs 1,080 crore for the September quarter, while net interest income rose by 22.7% to Rs 2,822 crore.
- Vedanta intends to increase its annual zinc production capacity at its South African operations to 500,000 tonnes, effectively doubling the current output. The expansion will proceed following an investment of nearly $600 million in Phase II of the Gamsberg project, which is operated by Vedanta Zinc International.
- Oil India Limited entered into a revenue-sharing contract (RSC) on October 15, 2026, concerning the Special Coal Bed Methane (CBM) Block SRONHP-(CBM)-2026/1. The agreement signifies a further advancement in the company’s strategy to diversify its energy portfolio.
- IDBI Bank reported a 39% year-on-year decline in net profit for the September quarter, amounting to Rs 2,206 crore. However, excluding the one-time gain from the sale of its NSDL investment in the corresponding year-ago quarter, profit increased by 14%. NII increased by 28.7%, with net interest margin expanding to 4.11%.
- Ixigo – The travel technology company achieved profitability in the September quarter, reporting a net profit of Rs 61.3 crore, a significant improvement from a loss of Rs 3.2 crore during the corresponding period last year.
- Zen Technologies’s board has sanctioned an investment of Rs 135.15 crore to secure a 51.98% ownership in Bengaluru-based defence technology firm Cogknit Semantics Private Limited on a fully diluted basis.
