GIFT Nifty Opening Update
GIFT Nifty opened today at 23,554.00. It is up 115.00 points (0.49%) from yesterday’s close of 23,402.50- so the trend is positive.
The Indian stock market is poised to commence on an optimistic trajectory for the second consecutive session on Monday, November 2, as GIFT Nifty suggests a gap-up opening. The positive sentiment follows robust gains in the benchmark indices during the preceding trading session. GIFT Nifty was trading near 23,553, reflecting an increase of approximately 150 points or 0.65% from the previous close of Nifty futures, indicating a robust opening for domestic equity benchmarks. In the previous session, benchmark indices Sensex and Nifty extended their winning streak to three consecutive sessions, with the Sensex climbing over 1,200 points to its highest closing level in more than seven weeks. The 30-share BSE Sensex advanced 1,233.25 points, or 1.66%, to close at 75,692.78, marking its strongest closing level since September 7.
Similarly, the NSE Nifty 50 experienced an increase of 387.70 points, or 1.68%, concluding at 23,440.80, which represents its highest closing level in more than five weeks. Meanwhile, several stocks are expected to remain in focus on Tuesday due to company-specific announcements and corporate developments. Updates related to fresh order wins, business performance, expansion plans, and operational developments could influence stock-specific movements during the trading session. State Bank of India, National Stock Exchange, ITC, Marico, IDBI Bank, Sun Pharmaceuticals, and NALCO are among the shares attracting attention on Tuesday.
Equities to Monitor:
- State Bank of India, National Stock Exchange of India, Bajaj Finserv, Lupin, Multi Commodity Exchange of India, Emcure Pharmaceuticals will attract attention as these companies are set to disclose their Q2 results for 2026 today.
- ITC reported a consolidated net profit of Rs 4,229 crore for Q2FY27, reflecting an 18.5% year-on-year decline from Rs 5,187 crore in the corresponding period of the previous year. The decline in profitability was chiefly attributed to diminished earnings from its cigaret division, notwithstanding robust growth in its FMCG, agriculture, and paper sectors.
- Marico reported a 31% year-on-year increase in consolidated net profit, reaching Rs 550 crore for the September quarter. Revenue from operations rose by 12% to Rs 3,897 crore, compared to Rs 3,450 crore in the same quarter of the prior financial year.
- CONCOR reported a subdued performance in Q2FY27, with its net profit declining 6.8% year-on-year to Rs 353 crore.
- IDBI Bank – Employees and officers of IDBI Bank have initiated a two-day nationwide strike commencing November 2 in opposition to the proposed divestment of the government’s controlling interest in the institution to Fairfax Financial Holdings of Canada.
- PTC India disclosed a 24.8% year-on-year decrease in net profit, amounting to Rs 143.68 crore for the second quarter of FY27, in contrast to Rs 191 crore recorded in the same quarter of the previous year.
- Sun Pharma clarified that reports regarding an order to suspend production of an eye-care drug at one of its manufacturing facilities were related to developments in August 2026. The company indicated that there were no new developments or events on October 30, 2026.
- NALCO’s board has sanctioned an interim dividend of Rs 4.50 per share for FY27, representing 90% of the share’s nominal value of Rs 5. The dividend will be distributed on the company’s paid-up equity share capital of Rs 918.32 crore.
- Granules India reported a 39.2% year-on-year increase in consolidated net profit to Rs 182 crore for the second quarter of fiscal year 2027, compared with Rs 131 crore in the corresponding quarter of the previous year.
- Petronet LNG reported a 9.1% increase in standalone net profit on a quarter-on-quarter basis, reaching Rs 1,235.4 crore for Q2FY27, compared to Rs 1,132 crore in the preceding quarter.
- Lloyds Engineering Works intends to allocate Rs 100 crore toward its subsidiary, Steel Infra Solutions Company Ltd, via a preferential allotment of as many as 3,33,33,334 equity shares.
