Indian Markets Poised for Positive Start as GIFT Nifty Rises
GIFT Nifty futures on the NSE International Exchange climbed 132.70 points, or 0.58 percent, reaching 22,844, indicating a potentially positive opening for the domestic market on Friday, October 23, 2026. Despite this optimistic signal, market analysts suggest that sustaining these gains could prove challenging following a three-day sell-off and broader weakness in global AI stocks.
Companies in Focus Ahead of Opening Bell
Several prominent companies are expected to be in the spotlight today due to upcoming quarterly results or recent strategic developments:
- Quarterly Results Today: A host of companies are scheduled to announce their quarterly earnings, including Infosys, Shriram Finance, JSW Steel, Dr Reddys Labs, IndusInd Bank, Tata Motors, SBI Cards, SBI Funds, Adani Power, Shree Cement, Bank of India, Bharat Petroleum, CG Power, Coforge, Crisil, CSB Bank, Godrej Properties, Jindal Steel, Runwal Enterprises, Torrent Pharma, Triveni Power, UTI AMC, and Westlife Foodworld.
- Swiggy: The quick commerce and food delivery giant reported a narrowed net loss of Rs 922 crore for the September 2026 quarter. Revenue saw a significant 36.1 percent year-on-year increase, reaching Rs 7,571 crore. Quick commerce revenue grew 33.3 percent, while food delivery revenue was up 21.6 percent year-on-year.
- BSE: The leading stock exchange has initiated the search for a new Managing Director and Chief Executive Officer, inviting applications for the top post.
- NLC India: The coal producer has entered into Memorandums of Understanding (MoUs) with the Industrial Promotion and Investment Corporation of Odisha. These agreements aim to explore the technical feasibility of coal gasification for synthesis gas production, potentially for the fertiliser sector, and establish a beach sand mineral processing facility with an estimated investment of Rs 2,000 crore.
- Cyient: The IT solutions provider announced a 7.3 percent year-on-year increase in net profit, reaching Rs 132.5 crore for the quarter ending September 30, 2026. Revenue also surged 25.5 percent year-on-year to Rs 2,235 crore. Earnings Before Interest and Taxes (EBIT) rose 22.1 percent, with margins improving to 10.22 percent. The company also declared an interim dividend of Rs 12 per share and approved the acquisition of the remaining 49 percent stake in CSSPL.
- eMudhra: The digital services firm has decided to voluntarily withdraw from the global SSL/TLS certificate business. This strategic shift aims to sharpen its focus on core enterprise solutions and other trust services.
- Cholamandalam Investment and Finance Company: The board of directors for the NBFC is scheduled to meet on October 28 to discuss plans for raising capital through a qualified institutions placement (QIP) via equity share issuance. Shareholder approval for the proposed capital raising will also be considered.
- Petronet LNG: The gas distribution company has signed a binding term sheet with Gruner Renewable Energy to form a 50:50 joint venture. This partnership aims to establish 10 compressed biogas (CBG) plants across India, each with a capacity of 18 metric tonnes per day, entailing an estimated total capital outlay of Rs 1,200 crore.