Markets
Stock market today: weak start signalled; HPCL, Havells, Swiggy results; Fusion CX lists
GIFT Nifty is 0.37% lower; Jio and Paras IPOs enter day two and five companies report results.
GIFT Nifty at 22,644 this morning points to a softer open after Wednesday's fall, when the Nifty 50 closed at 22,811.35 and smallcaps lost 2.37%. Kotak Neo's analysts see support around 22,700–22,800, with 22,500 next if that breaks, and resistance at 23,000–23,200. Support is a level where buyers have tended to step in; it is not a guarantee.
Results due today include Hindustan Petroleum (HPCL), Havells India, Swiggy, Colgate-Palmolive India, Adani Energy Solutions and Adani Total Gas. Eternal shares will react to Wednesday evening's numbers: profit up 92% to ₹125 crore. For HPCL, oil near $110 matters because refiners' margins depend on the gap between crude costs and fuel prices.
Fusion CX lists on NSE and BSE today. Its ₹702 crore IPO (₹275–289 a share; ₹500 crore new shares and ₹202 crore sold by existing holders) was 1.49 times subscribed overall, according to Finology. Jio Platforms' IPO enters day two after ending day one 3.04 times subscribed (retail 0.73 times); Paras Healthcare was 0.15 times. Both close on Friday.
Key takeaway: a soft open is likely, but company results and IPO demand will drive individual stocks more than the index today.
HPCL and Adani results will move energy shares; Swiggy's numbers, a day after Eternal's, will set the tone for consumer-internet stocks.
Why it mattersWith so many results and IPO events on one day, stock-specific moves can be large even if the Nifty is calm.
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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