Market opens lower as GIFT Nifty dips, key stocks in focus after Tuesday rally

Indian markets opened lower on Wednesday, with the GIFT Nifty around 22,765, about 85 points below the previous Nifty futures close. Tuesday saw a sharp rebound as the Sensex jumped 1,109.10 points (1.54%) to end at 73,033.78, its biggest single‑day gain in four months, while the Nifty 50 rose 358.60 points (1.60%) to settle at 22,721.95, marking its strongest recovery in over two months. ## Stock Highlights BHEL, Canara Bank, Adani Enterprises, Bharat Electronics, Oil India and RailTel Corp are among the shares to watch on Wednesday. BHEL, Canara Bank, Billionbrains Garage Ventures Groww, Tata Technologies and ICICI Lombard will also be in focus as they release their Q2 2026 results today. Adani Enterprises signed a non‑binding MoU with Jabil Inc. to set up a 50:50 joint venture for manufacturing and assembling AI and data‑centre equipment in India. Bharat Electronics received extra orders worth ₹533 crore since its September 17, 2026 disclosure, and its Transformers and Rectifiers division posted a net profit of ₹79.8 crore, up from ₹33.9 crore a year earlier. RailTel Corp secured a work order of ₹48.98 crore, including taxes, from Odisha’s Higher Education Department. Oil India’s subsidiary OIL Green Energy Ltd. formed a new joint venture called Hind Oil Biofuels Private Limited. ## Context The GIFT Nifty is a pre‑market index that often signals the opening direction of India’s equity markets. Corporate earnings and strategic partnerships, such as the Adani‑Jabil JV, routinely drive stock‑specific moves during the trading day.