The Indian stock market is expected to open positively on Thursday, driven by strength in global markets. GIFT Nifty was trading higher in the morning. The rally in Asian and US markets has boosted investor confidence, making an early b start for Sensex and Nifty probable.
Stock Market: The Indian stock market is likely to begin trading on a positive note on Thursday. A b opening for both the Sensex and Nifty is anticipated, fueled by robust global markets and an increased risk appetite among investors. At 8 AM, GIFT Nifty futures were trading 43 points higher at 25,727. Markets were closed on Wednesday for Guru Nanak Jayanti, leading to an expectation of increased investor activity on Thursday.
Strength in Asian Markets
Asian markets are showing upward momentum on Thursday. Hong Kong's Hang Seng Index was trading 0.87 percent higher. Japan's Nikkei rose by 0.93 percent, and South Korea's Kospi Index was trading with a gain of 0.54 percent. This strength in Asian markets is a positive indicator for Indian markets as well.
US Market Trends
US markets witnessed a rally on Wednesday. After questions raised by the US Supreme Court regarding President Donald Trump's tariffs, investors grew hopeful that some trade duties might see relief. Consequently, the S&P 500 gained 0.37 percent, the Nasdaq rose by 0.65 percent, and the Dow Jones increased by 0.48 percent. The strength in US markets has also boosted investor confidence in Indian stock markets.
Stocks to Watch Today
Several major companies are scheduled to release their results on Thursday, which could impact market direction. Investors will be keeping an eye on these stocks.
- Paytm (One97 Communications): The company reported a net profit of ₹21 crore for the September quarter, significantly lower than last year's ₹928 crore. However, its revenue increased by 24.2 percent to ₹2,061 crore.
- IndiGo (InterGlobe Aviation): The airline company incurred a loss of ₹2,582.1 crore in the second quarter, compared to ₹986.7 crore last year. The company's revenue grew by 9.3 percent to ₹18,555.3 crore.
- Britannia Industries: The FMCG company's profit increased by 23.1 percent to ₹654.5 crore. Its revenue stood at ₹4,840.6 crore. Additionally, Rakshit Hargave has been appointed as the new CEO.
- Grasim Industries: The company's revenue rose by 17 percent to ₹39,900 crore. Net profit surged by 76 percent to ₹553 crore.
- Delhivery: The logistics company reported a loss of ₹50.4 crore, in contrast to a profit of ₹10.2 crore last year. Revenue increased by 16.9 percent to ₹2,559.3 crore. The company announced that Vivek Pabari will be the new CFO starting January 1, 2026.
- Godrej Agrovet: The company's net profit decreased by 12 percent to ₹84.3 crore, while revenue rose by 4.8 percent to ₹2,567.4 crore.
- CSB Bank: The bank's profit increased by 15.8 percent to ₹160.3 crore. Gross NPA reduced to 1.81 percent, and Net NPA declined to 0.52 percent.
- Berger Paints: The company's net profit fell by 23.5 percent to ₹206.4 crore, while revenue grew by 1.9 percent to ₹2,827.5 crore.
- Aditya Birla Fashion and Retail: The company's loss narrowed to ₹90.9 crore, while revenue increased by 7.5 percent to ₹1,491.8 crore.
- TCS (Tata Consultancy Services): The company has extended its long-standing partnership with ABB. The objective is to further enhance ABB's IT systems and digital operations, making tasks faster and easier.
Adani Energy Solutions: The company has signed an agreement with RSWM. Under this agreement, 60 MW of green (solar) electricity will be supplied to RSWM's factories in Rajasthan. This will increase the share of green electricity in RSWM's total energy consumption to approximately 70 percent.
Key Quarterly Results Expected Today
Several major companies will announce their September quarter (Q2 FY26) results today. These include Apollo Hospitals, Lupin, LIC, ABB India, Ola Electric, UPL, Zydus Lifesciences, Abbott India, Amber Enterprises, Amara Raja Energy, Aster DM Healthcare, Cholamandalam Investment and Finance, Crompton Greaves Consumer, Cummins India, Godrej Properties, Hexaware Technologies, Mankind Pharma, MCX, Saatvik Green Energy, and Smartworks Coworking Spaces. These results could directly influence market direction.
