Stock Market Morning Update: Gift Nifty, Nifty 50, Key Stock Movements, and IPO Highlights

Gift Nifty is trading 167 points lower, signaling a weak start for Indian markets today. In Asia, Nikkei is mildly positive, while Dow Jones futures are also showing a slight upside. On the other hand, Hang Seng is down about 1.5%.

Gift Nifty is currently around 25,128, which is still 100 points above the last Nifty 50 closing. Nifty 50 had already tested its crucial resistance near 25,200 levels in the previous session before witnessing a pullback. Similarly, Nifty Bank also retreated from its upper resistance channel. Despite the correction, the overall trend remains positive.

Market Highlights

Vodafone Idea surged 8% yesterday. Market analysts find its chart setup highly attractive, suggesting further upside potential.
Indraprastha Gas (IGL) also looks technically strong and could show more positive momentum.
Among other top gainers were Divi’s Labs, Torrent Power, and other energy-related counters.
On the losing side, Swelect Energy dropped 3.5%, followed by Axis Bank, Jindal Steel, and Britannia.

Commodity and Currency Update

Gold crossed the ₹1,23,500 per 10 grams mark, while Silver touched ₹1,45,000 per kg. Experts note that the rally in precious metals appears more speculative than demand-driven.
Meanwhile, the Indian Rupee showed slight strength against the US Dollar, Pound, and Yen, though analysts caution that the appreciation was marginal — around 0.02%, compared to a larger downside seen in recent sessions.

Nifty and Bank Nifty Outlook

Nifty 50 closed 31 points higher at 25,108 yesterday. The key resistance remains at 25,200. A breakout above this level could lead to another 400–500 point rally.
Nifty Bank ended 134 points lower at 25,239, with resistance near 56,500. Traders are advised to watch this level closely.

Both FIIs and DIIs were net buyers yesterday, which indicates continued institutional support for the market. The volatility index (VIX) saw a mild uptick, while the Put-Call Ratio (PCR) suggests slight call writing activity.

IPO and Corporate News

The LG Electronics IPO received a strong response, being fully subscribed on Day 1. Experts, however, caution against comparing LG Electronics with Tata Capital, as the two belong to completely different sectors — consumer electronics vs. NBFC.

Among FMCG companies, Godrej Consumer Products saw one-third of its portfolio shift from the 18% GST slab to 5%, which could slightly boost volumes, though analysts do not expect a significant jump in sales.

Realty Sector Updates

Keystone Realtors reported a 9% rise in both sales and collections, and added a new project worth ₹950 crore in gross development value (GDV).
Lodha Group posted 7% higher pre-sales and 13% growth in collections, with a new ₹2,300 crore project added to its portfolio.
Shree Shringar posted 68% profit growth and 23% revenue increase, with margins improving from 9.3% to 12.3%.
Satvik Solar bagged two new manufacturing orders worth ₹488 crore and ₹219 crore respectively.

Other Key Corporate Developments

CONCOR has partnered with UltraTech Cement to transport cement using specialized containers via rail and road.
IRB Infrastructure reported an 11% rise in toll collection year-on-year, reaching ₹50 crore.
Neela Infra received a ₹105 crore letter of intent from Ahmedabad Municipality for a slum rehabilitation project.
Shaily Engineering saw 2.9% stake purchase by Motilal Oswal Mutual Fund, along with investments from Société Générale, Abu Dhabi Investment Authority, and Bank of America.
Anant Raj launched a ₹695 crore QIP (Qualified Institutional Placement) at ₹695 per share, slightly below the market price of ₹740. Minor price pressure is possible in the short term, but sentiment remains positive.

Stocks in F&O Ban and Watchlist

RBL Bank remains under the F&O ban list.
Stocks to watch today: Satvik Solar, Tata Investment Corporation, and realty counters.
Tata Investment may see volatility as the underperformance of Tata Capital IPO could impact its valuation.

Bottom Line:
Despite global volatility, domestic sentiment stays resilient, backed by institutional buying and strong corporate updates. Traders should track resistance levels closely, especially 25,200 on Nifty 50 and 56,500 on Nifty Bank, for directional clarity in the coming sessions.