GIFT Nifty Opening Update
GIFT Nifty opened today at 22,820.00. It is down -74.00 points (-0.33%) from yesterday’s close of 22,733.00- so the trend is negative.
The Indian stock market is anticipated to commence on a positive note on Thursday, October 29, as GIFT Nifty suggests an optimistic opening for domestic equities. GIFT Nifty was trading near 22,766, reflecting an increase of approximately 33 points or 0.15% from the previous close of Nifty futures, indicating a potentially robust opening for the benchmark indices. The Sensex and Nifty concluded Wednesday’s trading session in the red, with the Sensex declining by 352 points and the Nifty finishing beneath the 22,700 threshold. The 30-share BSE Sensex commenced the day on a downward trajectory, experiencing a significant decline of 995 points, reaching an intraday low of 72,603.57 during the morning session.
Meanwhile, the 50-share NSE Nifty experienced a decline of 50.90 points, or 0.22%, concluding at 22,698.85. Several stocks are anticipated to remain in focus on Thursday as companies disclose corporate updates. Developments pertaining to order wins, business performance, expansion strategies, and other company-specific announcements may impact fluctuations in individual stocks. On Thursday, shares of Jio Platforms, Coal India, IndiGo, Trent, Meesho, and Hero Motocorp are expected to attract attention.
Equities to Monitor:
- Jio Platforms shares will continue to attract attention following their stock market debut, as investors evaluate the stock’s performance after a listing premium exceeding 21%.
- Coal India, Asian Paints, Interglobe Aviation, Trent, Ambuja Cements, Pine Labs, Milky Mist Dairy Food shares will attract attention as these companies are set to announce their Q2 results for 2026 today.
- Meesho reported a 23% year-on-year increase in net merchandise value to Rs 12,911 crore for the quarter ended September.
- Hero MotoCorp reported a 41% year-on-year increase in consolidated profit after tax to Rs 1,861 crore in Q2 FY27, up from Rs 1,309 crore in the same quarter of the previous fiscal year.
- TVS Motor Company reported a 52% year-on-year increase in profit after tax to Rs 1,377 crore for the second quarter of FY27, compared to Rs 904 crore in the same quarter last year.
- Hyundai Motor India reported a 24% year-on-year decline in standalone net profit to Rs 1,189 crore for the second quarter of fiscal year 2027, compared to Rs 1,570 crore in the same period last year.
- Force Motors experienced a decline of 16.2% year-on-year in net profit, reporting Rs 294 crore for the second quarter of FY27, compared to Rs 351 crore in the corresponding quarter of the prior fiscal year.
- Bandhan Bank reported a 23.9% quarter-on-quarter increase in net profit to Rs 622 crore for Q2 FY27, compared with Rs 502 crore in the preceding quarter.
- GMR Airports Ltd disclosed a profit after tax of Rs 65.4 crore for the second quarter of FY27, an increase from Rs 35.1 crore in the same quarter of the previous year.
- PNB Housing Finance reported a 33% year-on-year rise in net profit, reaching Rs 627 crore for the September quarter, in contrast to Rs 472 crore in Q2 FY26.
