GIFT Nifty Opening Update
GIFT Nifty opened today at 22,713.50. It is down -228.50 points (-1.00%) from yesterday’s close of 22,812.00- so the trend is negative.
The Indian stock market is anticipated to commence trading at a lower level on Wednesday, October 28, as suggested by GIFT Nifty futures. GIFT Nifty was trading around 22,749, down nearly 62.50 points, or 0.27%, from its previous close, indicating a subdued opening for domestic benchmark indices. Meanwhile, the IPO market is attracting attention as Reliance-backed Jio Platforms prepares for its stock market debut today, with investors closely monitoring its listing performance on the NSE and BSE. In the prior session, the benchmark indices Sensex and Nifty concluded the day almost unchanged following a session characterised by volatility. Profit booking in IT stocks and heavyweight banking shares, along with persistent crude oil price pressures and caution ahead of the US Federal Reserve’s policy decision, weighed on investor sentiment.
Several stocks are expected to attract attention during Wednesday’s trading session as companies disclose corporate developments. Updates on order wins, business performance, expansion plans, and other company-specific developments may impact the movements of individual stocks. Jio Platforms, Reliance Industries, Hindustan Unilever, Adani Enterprises, TVS Motor, Larsen & Toubro, and Maruti Suzuki are among the shares attracting attention on Wednesday.
Equities to Monitor
- Jio Platforms is poised to make its much-anticipated entrance on Dalal Street on Wednesday, having secured approximately Rs 30,200 crore through its initial public offering, marking the largest public issue in the history of India’s market.
- Reliance Industries shares will attract attention as Jio Platforms officially launches on the BSE and NSE. The company has also announced that its board will convene on 30 October to evaluate its financial results for the September quarter and to deliberate on a proposal to raise funds via non-convertible debentures.
- Hindustan Unilever, Adani Ports and Special Economic Zone, Adani Enterprises, TVS Motor Company, Hyundai Motor India, Hero MotoCorp, Meesho, Vedanta shares will remain in focus as companies are scheduled to release their Q2 results today.
- L&T reported a 33% year-on-year increase in consolidated profit after tax to Rs 5,202 crore for the quarter ended September 30, 2026, compared with Rs 3,926 crore in the corresponding quarter of the previous fiscal year.
- Maruti Suzuki India reported a 26% year-on-year decrease in consolidated net profit, amounting to Rs 2,466 crore for the July–September quarter of FY27, compared to Rs 3,349 crore in the same period the previous year, even as it recorded an increase in revenue.
- Infosys has successfully finalised the implementation of a global SAP S/4HANA platform for Syngenta’s Crop Protection division. The initiative consolidates operations that were previously distributed across various enterprise resource planning systems into a unified digital platform, encompassing over 10,000 employees in 80 countries.
- Tata Capital reported a 51% year-on-year increase in consolidated net profit to Rs 1,660 crore for the September quarter, compared to Rs 1,097 crore in the same period last year. The growth was underpinned by the expansion of loans, a rise in interest income, and a reduction in credit costs.
- Bajaj Auto reported a 35% year-on-year increase in profit after tax, amounting to Rs 3,354 crore for the September quarter. Strong demand in both domestic and export markets enabled the two-wheeler manufacturer to attain its highest quarterly revenue to date.
- Waaree Energies reported a 14.7% year-on-year decline in net profit to Rs 718.68 crore in the second quarter of FY27, compared with Rs 842.5 crore in the corresponding quarter of FY26.
- Vedanta Iron and Steel Limited reported a reduced loss after exceptional items of Rs 324 crore for Q2 FY27, in contrast to a loss of Rs 477 crore in the same quarter of the prior fiscal year.
