Gift Nifty indicates strong opening for Sensex, Nifty; BEL, Adani Ports, Tata Motors, M&M, KPI Green shares in focus

Indian share markets are seen opening sharply higher on Tuesday, tracking positive trends in Asian equities and a surge in Wall Street futures. The firm cues from GIFT Nifty index also indicate a sharp rally in opening trade for the domestic benchmarks BSE Sensex and NSE Nifty. At 7:50 AM, the GIFT Nifty futures were up by 330 points, or 1.5%, to 22,652.

Given the persistent global turmoil induced by reciprocal tariff measures by the U.S. government, market participants need to adopt a more cautious approach as they navigate these challenging times. The recent sell-off in the domestic market was largely influenced by significant weaknesses in global markets, which casted a shadow over investor sentiment.

“Any signs of stabilisation or improvement on the global front are likely to ignite a powerful recovery in the Indian markets, revitalising confidence and sparking renewed optimism among market participants,” says Rajesh Bhosale, Technical Analyst, Angel One Ltd.

On Monday, Indian equity market witnessed sharp selling, with benchmarks Sensex and Nifty ending 3% lower. The BSE Sensex dived 2,227 points to end at 73,138, and the Nifty50 dropped 743 points to settle at 22,162. All 30 constituent stocks of the Sensex settled in red, with Tata Steel topping the chart with a 7.16% loss. The market meltdown wiped out ₹14 lakh crore of investors’ wealth as the overall m-cap of BSE-listed companies dropped to ₹389 lakh crore. However, the sell-off in the domestic market was relatively milder as Asian counterparts plunged as much as 15%, with Hong Kong and Japanese markets logging their worst performance in more than a decade.

U.S. stocks end wild session lower

In the overnight trade, Wall Street ended highly volatile session on a mixed note amid looming fear over a potential economic slowdown and rising inflation due to escalated trade war, triggered by President Donald Trump’s tariff policies. The sentiment was further dented after Trump threatened to impose additional 50% tariffs on Chinese imports if the latter does not withdraw the 34% retaliation duty imposed last week. At the close, the Dow Jones Industrial Average was down 0.91%, while the S&P 500 settled 0.23% lower. The Nasdaq Composite closed marginally higher by 0.10%, paring early losses.

Asian markets rebound after record fall in previous session

After registering their worst performance in 16 years, Asian markets opened mostly higher on Tuesday, tracking uptrend in Wall Street futures. Japan’s Nikkei 225 rallied over 6% in early trade, while South Korea’s Kospi and Hong Kong’s Hang Seng surged 1.6% and 2.5%, respectively in opening deals. On the other hand, Taiwan’s Weighted stock index extended fall, drops 3.85% after crashing around 10% in the previous session, while Singapore’s Straits Times lost another 2.5%. China’s Shanghai Composite was trading 0.6% higher, while Australia’s ASX 200 index closed 1.8% higher.

Stocks to watch

Bharat Electronics: The state-owned defence company has secured a contract worth ₹2,210 crore from the Ministry of Defence for the supply of an electronic warfare (EW) suite for Mi-17 V5 helicopters of the Indian Air Force.

Adani Ports: The Adani group company has commenced operations at the Colombo West International Terminal (CWIT), located at the Port of Colombo, Sri Lanka.

Tata Motors: The company’s subsidiary, Jaguar Land Rover (JLR), has said that it achieved its net debt zero target in the financial year 2024-25 (FY25).

Mahindra and Mahindra: The company has established a wholly owned subsidiary named Mahindra Advanced Technologies in Mumbai, Maharashtra.

IL&FS Engineering and Construction Company: The debt-laden company has defaulted on the payment of a ₹2,628.15 crore loan from banks/financial institutions as of March 2025.

KPI Green Energy: The company has terminated a 66.20-mega watt Hybrid Power Project, won from Sai Bandhan Infinium under the Captive Power Producer (CPP) segment.

Brigade Enterprises: The real estate major has signed a joint development agreement for a residential project spread across 10 acres and 37 guntas, with a total development potential of around 0.37 million square feet.

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