GIFT Nifty Opening Update
GIFT Nifty opened today at 22,579.50. It is up 23.50 points (0.10%) from yesterday’s close of 22,592.00- so the trend is positive.
The Indian stock market is anticipated to commence on a downward trajectory on Thursday, 8 October, as indicated by GIFT Nifty suggesting a subdued opening. GIFT Nifty was trading at approximately 22,557, reflecting a decline of nearly 35 points from the prior close of Nifty futures, indicating a bearish start for the domestic benchmark indices. On Wednesday, Indian equities concluded the trading session in negative territory, breaking a two-day streak of gains following the Reserve Bank of India’s decision to increase its key policy rate for the first time in almost four years. The 30-share BSE Sensex experienced a decline of 429.11 points, representing a decrease of 0.59%, closing at 72,638.70. Out of the constituents, 26 stocks saw a decrease while four recorded an increase.
Meanwhile, investors are likely to monitor several stocks on Thursday, 8 October, in light of numerous corporate announcements. Key developments encompass new order wins, business updates, expansion plans, and other company-specific announcements that may impact individual stocks throughout the session. Tata Consultancy Services, Reliance Industries, Ola Electric, Tata Steel, PC Jeweller, Sun Pharma, and Varun Beverages are among the shares that will attract attention on Thursday.
Equities to Monitor:
- Tata Consultancy Services – Tata Group’s IT services arm, Tata Consultancy Services, is set to release its results for the September quarter on October 8.
- Reliance Industries has received an order dated October 6, 2026, from the Joint Commissioner of Customs (Import), ACC, Mumbai, imposing a redemption fine and penalty totalling Rs 18,74,978. The penalty pertains to an alleged underpayment of customs duty resulting from the improper classification of imported goods in the Bill of Entry. The company intends to contest the order.
- Ola Electric Mobility has sanctioned a rights issue amounting to Rs 1,000 crore via partly paid-up equity shares.
- Tata Steel announced on Wednesday that its crude steel production in India rose by 10% year-on-year to 6.21 million tonnes during the second quarter of FY27. Deliveries increased by 7% year-on-year, reaching a total of 5.97 million tonnes.
- Sun Pharmaceutical Industries announced on Wednesday, October 7, that its board is scheduled to convene on Monday, October 12, to deliberate on and potentially approve the issuance of listed, rated, unsecured, and redeemable non-convertible debentures amounting to Rs 15,000 crore.
- Bank of Baroda – Ratings on the company’s Rs 10,000 crore infrastructure bonds and Rs 2,000 crore and Rs 500 crore Tier II bonds were reaffirmed at CARE AAA; Stable. The Rs 1,10,000 crore certificate of deposit program received a reaffirmation of its rating at CARE A1+. The rating on the Tier II bonds has been withdrawn.
- PC Jeweller reported a consolidated revenue growth of approximately 28% year-on-year for the quarter ending September 30, 2026.
- TD Power Systems has initiated its qualified institutional placement and established the floor price at Rs 775.35 per equity share.
- Varun Beverages will allocate an investment of up to Rs 4.10 crore in Jager Renewables, a special purpose vehicle created to generate and supply solar power to consumers in Uttar Pradesh.
- Allcargo Terminals – Multimodal logistics operator Allcargo Terminals reported total volumes of 61,800 twenty-foot equivalent units in September 2026, reflecting a decline of 7% year-on-year and 6% month-on-month.
