Gift NIFTY hints at weak opening for Indian markets; BHEL, Canara Bank, Tata Elxsi shares in focus

The Indian equity benchmarks are set to open lower on Wednesday, October 14, as indicated by the NIFTY futures traded at the Gift City in Gandhinagar. The NIFTY futures at Gift City declined 72 points to 22,762 amid mixed cues from global markets as crude oil futures surged above $106 per barrel.

The benchmarks posted their best single-day gain in six months in the previous session after Finance Minister Nirmala Sitharaman at Bloomberg New Economy Forum said that the government is keen to hear views on long-term capital gains (LTCG) tax as investors in India and abroad have raised questions about equity taxation.

The SENSEX rose 1,109 points or 1.54%, its biggest single-day gain since March 25, to close at 73,034 and NIFTY50 index climbed 1.6% or 359 points, its best day since April 15, to close at 22,722.

Asian shares were trading higher as the chip selloff that rattled Asian markets eased on Wednesday, while gains were capped owing to a surge in oil prices.

Japan's Nikkei advanced 0.6%, China's Shanghai Composite index gained 0.15%, Hong Kong's Hang Seng was trading on a flat note while South Korea's KOSPI surged 1.4%.

Dow Jones Industrial Average declined 0.35%, S&P 500 index declined 0.02% and tech heavy Nasdaq slipped 0.15%.

Brent crude futures for delivery in December surged close to $107 per barrel after reports suggested that administrative office of Saudi Aramco was attacked in the eastern city of Dhahran, causing a limited fire, the Energy Ministry said in a statement on Wednesday.

Back home, foreign institutional investors (FIIs) sold shares worth ₹1,305 crore on Tuesday while domestic institutional investors bought shares worth ₹2,439 crore, data from National Stock Exchange showed.

BHEL, Canara Bank, Ceat, Groww, ICICI Lombard General Insurance, MRPL, and Tata Technologies among others will be in focus as they will report their September quarter earnings later in the day.

Tata Elxsi post market hours reported a marginal drop of 0.2% in its net profit at ₹170 crore for the quarter ended September 30, 2026 (Q2 FY27), as compared to the previous quarter’s ₹170.6 crore.

The design and technology services provider’s revenue from operations increased 3.4% quarter-on-quarter (QoQ) to ₹1,056 crore in Q2 FY26 in contrast to ₹1,021 crore in the previous quarter of the current financial year. In constant currency (CC) terms, the revenue from operations rose 2.3%.