GIFT Nifty Opening Update
GIFT Nifty opened today at 22,735.00. It is down -85.00 points (-0.37%) from yesterday’s close of 22,728.50- so the trend is negative.
The Indian stock market is anticipated to commence on a lower note on Thursday, October 22, as suggested by GIFT Nifty. The index was trading around 22,682, down nearly 46.50 points, or 0.20%, from the previous close of Nifty futures, indicating a negative start for domestic benchmark indices. On Wednesday, Indian equity benchmarks continued to experience losses for a second consecutive session, with the Sensex falling by 143 points due to selling pressure in the power, banking, and financial sectors. Elevated crude oil prices have also dampened investor sentiment. The 30-share BSE Sensex declined by 143.21 points, representing a decrease of 0.19%, closing at 73,709.69.
Meanwhile, the NSE Nifty 50 experienced a drop of 77.60 points, equivalent to a 0.34% decline, settling at 22,811.35. Several stocks are expected to attract attention during Thursday’s trading session as companies disclose significant corporate developments. Updates on order wins, business performance, expansion plans, and other company-specific developments may influence fluctuations in individual stocks. On Thursday, attention will be directed toward shares such as Swiggy, Adani Energy, Hindustan Petroleum Corporation, GMDC, Reliance Industries, Eternal, and Indian Hotels.
Equities to Monitor:
- Swiggy, Adani Energy, Hindustan Petroleum Corporation, Adani Total Gas, Bluestone Jewellery, Colgate shares will be under scrutiny as these companies are set to announce their Q2 results for 2026 today.
- Eternal – The parent company of Zomato and Blinkit reported a 92.3% year-on-year increase in consolidated net profit, reaching Rs 125 crore in Q2 FY27, up from Rs 65 crore in the same quarter of the previous year.
- Indian Hotels – The Tata Group hospitality firm reported a 19.5% year-on-year increase in net profit to Rs 380 crore for the September quarter, compared to Rs 318 crore in the same period last year.
- KEI Industries reported a 29.3% year-on-year increase in profit after tax to Rs 262.4 crore in the second quarter, while revenue rose by 38.5% to Rs 3,776.4 crore.
- Bharat Electronics – The Ministry of Defence has awarded BEL a contract valued at Rs 770 crore for the provision of enhanced low-level light-weight radar (LLLR-I) systems to the Indian Army.
- GMDC issued a dividend cheque amounting to Rs 223.55 crore to the Gujarat government, reflecting the state’s allocation of its final dividend for FY26.
- Tata Communications announced that Spain’s National Court has ruled in favour of its subsidiary, Tata Communications (Spain) S.L., in a tax dispute with the Spanish Tax Agency.
- Juniper Green Energy has established two wholly owned subsidiaries: Juniper Green Cosmic Fifteen Private Limited and Juniper Green Kite Fifteen Private Limited.
- Mahindra & Mahindra Financial Services reported a 55% year-over-year increase in net profit to Rs 882 crore in the second quarter of FY27, compared to Rs 569 crore in the same quarter of the previous year.
- Pine Labs allocated around Rs 25 crore to its wholly owned subsidiary, Synergistic Financial Networks Private Limited, by acquiring 49,869 equity shares via a rights issue.
