The GIFT Nifty futures were trading in the green before the market’s opening on Thursday. Indices are expected to open on a similar positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex ended at four-week highs on Wednesday amid positive global cues. Sensex closed 1.14% or 742 points higher at 65,675.93, while Nifty settled at 19,675.45, gaining 232 points or 1.19%.

Here are some stocks likely to gain traction on November 16.

Vedanta: The group’s subsidiary company, Malco Energy Limited, has set up a wholly-owned subsidiary unit in Saudi Arabia for copper business for 1,00,000 Saudi Riyal in the name of ‘Vedanta Copper International VCI’.

ONGC: The oil and gas producer plans to invest about Rs 1 lakh crore in setting up two petrochemical plants to convert crude oil directly into high-value chemical products. 

Tata Consultancy Services (TCS): The IT major has fixed November 25 as the record date for determining the entitlement and eligibility of equity shareholders for participation in its Rs 17,000-crore share buyback plan. TCS will buy back up to 4.09 crore shares for Rs 4,150 per share.

RateGain Travel Technologies: The company launched its qualified institutional placement (QIP) issue with a floor price set at around Rs 676.66 per share on November 15. 

One 97 Communications, Paytm’s parent company, announced a three-year partnership with global travel technology company Amadeus to integrate the latter’s expansive travel platform. This integration will enhance the travellers’ experience from search to booking and payments.

Suzlon Energy: The renewable energy solutions provider announced the RLMM listing of its S144 – 3 MW series of wind turbines, marking an important milestone for the successful commercialisation of the product. The prototype of this series has already been installed at a hub height of 160m with a Hybrid Lattice Tubular (HLT) tower at the Gondal site in Gujarat.