GIFT Nifty Opening Update
GIFT Nifty opened today at 23,740.50. It is down -47.50 points (-0.20%) from yesterday’s close of 23,760.00- so the trend is negative.
The Indian stock market is anticipated to commence lower on Wednesday, November 4, thereby ending its four-session winning streak, as suggested by GIFT Nifty. GIFT Nifty was positioned at approximately 23,718, reflecting a decline of nearly 40 points, or 0.17%, compared to the prior close of Nifty futures, indicating a subdued commencement for domestic benchmark indices. On Tuesday, benchmark indices Sensex and Nifty continued their upward trajectory for the fourth consecutive session, concluding nearly 2% higher. The 30-share BSE Sensex rallied 1,225.07 points, or 1.62%, to close at 76,917.85, marking its highest level of the session. Similarly, the 50-share NSE Nifty increased by 370.05 points, or 1.58%, to close at 23,810.85, also reaching its intraday high.
Meanwhile, several equities are expected to attract attention on Wednesday due to company-specific announcements and corporate developments. Updates on new order wins, business performance, expansion plans, and operational developments may induce stock-specific movements throughout the trading session. BSE, Nykaa, Lenskart, NSE, Multi Commodity Exchange, SBI, Indian Energy Exchange are among the shares attracting attention on Wednesday.
Equities to Monitor:
- BSE, FSN E-Commerce Ventures, Lenskart Solutions, Power Finance Corporation, Cummins India, Zydus Lifesciences, Apollo Hospitals Enterprises shares will attract attention as these companies are set to announce their Q2 results for 2026 today.
- The National Stock Exchange of India reported a 23% year-on-year increase in consolidated profit after tax, reaching Rs 2,578 crore in Q2FY27, up from Rs 2,098 crore in the same quarter of the previous financial year. These represent the exchange’s inaugural quarterly earnings following its debut on Dalal Street in September 2026.
- The State Bank of India, recognised as the largest public sector lender in the nation, disclosed a 14% year-on-year increase in standalone net profit, reaching Rs 23,038 crore in the second quarter of FY27, compared to Rs 20,160 crore during the same period last year.
- Happiest Minds Technologies reported a 15.12% year-on-year increase in consolidated net profit to Rs 62.19 crore for the September quarter of FY27.
- Indian Energy Exchange reported a 16.5% year-on-year increase in electricity traded volume, reaching 13.1 billion units in October. Real-time market volume experienced a notable increase of 23.7%, reaching 5.7 billion units, whereas day-ahead market volume saw a decline of 3.8%, totalling 4,508 million units.
- Multi Commodity Exchange of India reported a 130% year-on-year increase in consolidated net profit, reaching Rs 454.57 crore in Q2FY27, up from Rs 197.47 crore in the same quarter of the previous fiscal year.
- Bata India reported a 28.6% year-on-year increase in net profit to Rs 18 crore for the second quarter of FY27, compared to Rs 14 crore in the corresponding quarter of the previous year.
- V-Mart Retail disclosed a net loss of Rs 16 crore for the second quarter of FY27, a significant increase from the loss of Rs 8.87 crore recorded in the same period the previous year.
- Awfis Space Solutions reported a 93.7% year-on-year increase in net profit, reaching Rs 31 crore for the second quarter of FY27, compared to Rs 16 crore in the corresponding quarter of the previous year.
- Chambal Fertilisers and Chemicals’s net profit for the second quarter of FY27 was Rs 632 crore, down 2.6% year over year from Rs 649 crore in the same period last year.
