Indian Stock Market Expected to Open Firm as GIFT Nifty Gains 65 Points

GIFT Nifty rises 65 points to 23,504.50 ahead of Tuesday’s market opening, while Lumino Industries, Waaree Energies, Lloyds Metals and other stocks remain in focus.

The Indian stock market is expected to open on a firm note on Tuesday following gains in the previous session. At around 7:30 a.m., GIFT Nifty was trading 65 points, or 0.28%, higher at 23,504.50.

Indian equity markets are showing indications of a firm start to Tuesday’s trading session. GIFT Nifty gained in pre-market trading, indicating expectations of a higher opening for domestic markets.

Investors will track financial updates from companies, capital investment plans, new orders and fund-raising announcements. Data from the core sector, movements in crude oil prices and global bond yields will also be important for the market direction.

At around 7:30 a.m., GIFT Nifty was trading around 65 points, or 0.28%, higher at 23,504.50. Following Monday’s gains, investors are expected to focus on shares of key companies on Tuesday.

 The company’s profit increased 32.4% to Rs 40.2 crore from Rs 30.3 crore in the previous period. Revenue during the same period increased 19.3% to Rs 521.4 crore from Rs 437.1 crore.

 The company’s profit declined 15.3% to Rs 57.7 crore from Rs 68.2 crore in the previous period. However, revenue increased 30.2% to Rs 18,945.6 crore from Rs 14,552 crore.

The company’s profit declined 53% to Rs 14.1 crore from Rs 29.9 crore in the same period of the previous year. Revenue increased 7.4% to Rs 218.2 crore.

The company received an order from a major solar developer to supply solar modules with a capacity of 2 GW. The order is for the company’s renewable energy business.

 The board approved a capital budget of Rs 2,896 crore for developing a greenfield shipyard at Raichak. The proposed project is intended to increase shipbuilding capacity for both the naval and commercial sectors.

 The company plans to raise Rs 1,550 crore through the issuance of non-convertible debentures (NCDs). It has also approved an investment of Rs 140 crore for capacity expansion. The company plans to increase the capacity of its DRI plant at Ghugus to 8,15,000 MTPA and at Konsari to 92,400 MTPA.

The company plans to invest more than Rs 7,000 crore over the next 5-6 years. It is focusing on restarting closed mines and acquiring new copper deposits to increase domestic copper production. The company plans to increase the mine capacity of the Malanjkhand Copper Project to 5.0 MTPA by FY30.

The board approved an NCD issue of up to Rs 400 crore.

 In Thiruvananthapuram, the Food Safety Authority has stopped the sale of a batch of Sunrich Sunflower Oil. According to the available information, the investigation found the quantity of TBHQ to be above the prescribed limit.

 On September 21, 2026, the bank received approval for the NSE debt listing of Basel III Additional Tier-I bonds.

 The company approved the allotment of 12.3 lakh shares at an issue price of Rs 1,461.

 The company plans to raise up to Rs 300 crore through non-convertible debentures. The issue will close on October 5, 2026.

The market’s initial direction on Tuesday is indicated to be positive. During trading, global indicators, crude oil prices, bond yields and domestic economic data may affect market movement. The source advises investors to assess company-specific official disclosures and risks before making decisions in any stock.

 

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