GIFT Nifty Opening Update
GIFT Nifty opened today at 22,558.50. It is up 1.50 points (0.01%) from yesterday’s close of 22,608.00- so the trend is positive.
The Indian stock market is anticipated to commence trading at a lower level on Monday, October 26, as suggested by GIFT Nifty futures. GIFT Nifty was trading at approximately 22,535, reflecting a decline of nearly 72.50 points, or 0.32%, from the prior close of Nifty futures, indicating a subdued opening for domestic benchmark indices. The domestic market continued its downward trend on Friday, as the Sensex and Nifty 50 ended in negative territory due to widespread selling, high crude oil prices, and unfavourable global signals. The Nifty 50 concluded at 22,600, reflecting a decrease of 87.65 points, or 0.39%, whereas the BSE Sensex finished at 73,123.83, marking a decline of 125.56 points, or 0.17%.
Several stocks are poised to attract attention during Monday’s trading session as companies disclose significant corporate developments. Updates on order wins, business performance, expansion plans, and other company-specific announcements may impact the movements of individual stocks. On Monday, shares of Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Infosys, BPCL, Kotak Mahindra Bank, and Coforge will be in focus.
Equities to Monitor:
- Paytm, Mankind Pharma, Tata Consumer, ITC Hotels, Ather Energy, Nazara Technologies, and REC are set to capture attention as they prepare to unveil their Q2 results for 2026 today.
- Infosys reported a 6% year-on-year rise in consolidated net profit to Rs 7,823 crore in Q2 FY27, compared with Rs 7,364 crore in the corresponding quarter last year. However, the IT services company revised its FY27 revenue growth guidance downward to 1-2% in constant currency terms, a decrease from the previous estimate of 1.5-3%.
- Kotak Mahindra reported a 29.5% year-on-year increase in net profit, reaching Rs 4,212 crore in Q2, up from Rs 3,253.3 crore in the same quarter of the previous year. Net interest income (NII) experienced a year-on-year increase of 15.7%, rising to Rs 8,459 crore from Rs 7,311 crore in the previous year.
- Yes Bank stated that it is reviewing the Supreme Court’s decision regarding its Additional Tier 1 (AT-1) bonds and assessing the potential options and subsequent actions. The bank clarified that the bond terms provide it with discretion regarding coupon payments and confirmed that it has received enquiries from certain bondholders.
- Bharat Petroleum Corporation reported a net profit of Rs 4,993 crore in Q2, contrasting with a net loss of Rs 3,962 crore in the preceding quarter. EBITDA reached Rs 8,971 crore, in contrast to an EBITDA loss of Rs 4,077 crore recorded in the preceding quarter.
- Coforge reported a 56.5% year-on-year rise in net profit, reaching Rs 588.1 crore in the second quarter of FY27. This growth was bolstered by a complete quarter’s contribution from the acquisition of engineering services firm Encora, which was valued at $2.35 billion. Net profit increased by 13.4% on a sequential basis.
- Torrent Pharma reported a 50.8% year-over-year increase in second-quarter revenue, reaching Rs 4,979 crore, whereas net profit experienced a decline of 9.6%, amounting to Rs 534 crore. The name of the company was not disclosed in the information provided.
- Dr Reddy’s Laboratories reported a 1.5% year-on-year decline in second-quarter revenue to Rs 8,671 crore. Net profit declined by 36% to Rs 913.4 crore.
- SBI Funds Management reported a 3.4% increase in revenue quarter-on-quarter for Q2, reaching Rs 1,193 crore. However, net profit experienced a sequential decline of 20.3%, amounting to Rs 701.2 crore.
- Netweb Technologies reported a 61.5% increase in quarterly revenue for Q2, reaching Rs 1,323 crore, up from Rs 819 crore in the preceding quarter.
- Bank of India reported a 25.3% year-on-year increase in second-quarter net profit to Rs 3,202 crore. Net interest income experienced an increase of 18.5% year-on-year, reaching Rs 7,007 crore.
