Stock Market Today: Reliance Q4, Gift Nifty Up, 8 Stocks to Watch

Indian equity markets are gearing up for a dynamic session today, with Gift Nifty pointing to a positive start. Traders are keenly watching Reliance Industries' Q4 earnings, anticipated to influence overall market sentiment. In addition, global geopolitical tensions and commodity price movements are likely to play a pivotal role in shaping trading strategies. This article also highlights eight stocks that could see significant action today.

Reliance Industries, India's largest conglomerate, will release its Q4 earnings report today. Market experts are closely observing this event, as Reliance’s performance often sets the tone for broader market movements. Two critical aspects to watch are:

Refining Margins

Reliance’s refining business is a key revenue driver, and analysts are awaiting updates on its gross refining margins (GRMs). Elevated GRMs could signal strong global demand for petroleum products, which may support Reliance’s stock price.

Retail and Telecom Growth

The retail and telecom arms of Reliance have been significant growth engines in recent quarters. Investors are keen to know if these segments have maintained their upward momentum amid evolving consumer demand.

Amid escalating tensions between the US and Iran, commodity markets are witnessing heightened volatility. Gold and silver, often considered safe-haven assets, are showing fluctuating price trends. Indian traders may find opportunities in stocks and ETFs tied to these precious metals.

Impact on Indian Markets

Historically, rising gold prices have positively impacted mining and jewelry companies listed on the NSE and BSE. Traders should keep an eye on related stocks for potential gains.

Here are eight stocks that analysts believe could see action today: