Stocks in Focus : Monday, 09 November

GIFT Nifty Opening Update

GIFT Nifty opened today at 24,930.50. It is up 35.00 points (0.14%) from yesterday’s close of 24,981.00- so the trend is positive.

The Indian stock market is anticipated to commence on a positive note on Monday, November 9, as GIFT Nifty suggests an optimistic opening for domestic benchmark indices. GIFT Nifty was trading at approximately 25,018, reflecting an increase of nearly 38 points or 0.15% from the prior close of Nifty futures, indicating a gap-up opening for both the Sensex and Nifty. However, both benchmark indices erased their opening gains and ended lower during Sunday’s special Muhurat Trading session, marking the first instance in nine years that the Sensex and Nifty closed in negative territory during the auspicious Diwali trading session. The Sensex experienced a decline of nearly 29 points, concluding at 80,999, whereas the Nifty 50 fell by 44 points, finishing at 24,986.

The losses also interrupted the six-session winning streak of both indices. In the preceding week, the Sensex experienced an increase of 6,569 points, whereas the Nifty recorded an approximate gain of 9%. Meanwhile, several equities are poised to capture attention during Monday’s trading session due to company-specific announcements and corporate developments. Updates regarding new order acquisitions, business performance, expansion strategies, and operational advancements may influence stock-specific movements. Tata Steel, Whirlpool of India, Adani Enterprises, Mahindra & Mahindra, and BHEL are among the shares attracting attention on Monday.

Equities to Monitor:

• Whirlpool of India and Olectra Greentech are set to capture attention as they prepare to unveil their Q2 results for 2026 today.
• Tata Steel reported a 16.2% year-on-year increase in consolidated profit after tax to Rs 3,699.59 crore in Q2FY27, up from Rs 3,183.09 crore in the same quarter of the previous financial year.
• Voltas reported a 53.4% year-on-year increase in net profit to Rs 52.6 crore in the second quarter of FY27, compared to Rs 34.3 crore in the corresponding quarter of the previous year. Revenue from operations rose by 15.3%, reaching Rs 2,707 crore compared to Rs 2,347 crore in the previous year.
• Bharat Heavy Electricals has secured an order with a value ranging from Rs 600 crore to Rs 900 crore from Power Grid Corporation of India. The contract entails the installation of synchronous condensers at the Barmer-II HVDC Terminal Station located in Rajasthan.
• Marico has entered into definitive agreements with the promoters of Bonorizon Consumer Ventures Private Limited to secure a 51% stake in the company. The transaction entails a total consideration of as much as Rs 35 crore.
• Adani Enterprises has disclosed that its joint venture, AdaniConneX Private Limited, has finalised the acquisition of a complete 100% stake in Vizag Mega Data Center Park Limited.
• Wipro has announced the appointment of Angan Guha as President and Chief Executive Officer of its Americas 2 Strategic Market Unit, effective December 8, 2026. Guha will report to Wipro’s CEO and Managing Director, Srini Pallia, and will become a member of the company’s Executive Leadership Team.
• Siemens announced a 3.9% year-on-year rise in net profit, reaching Rs 504 crore for the quarter spanning July to September 2026, in contrast to Rs 485 crore during the same period the previous year.
• Waaree Renewable Technologies has obtained an engineering, procurement and construction work order for a 285 MWp solar power project from a prominent independent power producer. The domestic commercial project is projected to reach completion in FY28.
• Zydus Lifesciences has disclosed that its wholly owned subsidiary, Zydus Therapeutics, has published findings from a Phase 2b clinical trial concerning its investigational drug saroglitazar.