The GIFT Nifty futures were trading in the red before the market’s opening on Wednesday. Indices are expected to open on a similar flat-to-negative note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, lost the substantial gains made in early trading and ended marginally higher on Tuesday. Nifty ended marginally higher 31.85 points or 0.15% at 21,544, while Sensex gained 0.04% or 30.99 points to settle at 71,386.22.

Here are some stocks that are likely to remain in focus on January 10.

Mahindra and Mahindra: The automotive manufacturing company announced a strategic collaboration with US-based automobile technology company Mobileye to explore the development of a full-stack autonomous driving system and the implementation of software solutions in Mahindra’s vehicles.

Lupin: The pharma company has received approval from the US Food and Drug Administration (USFDA) to launch Bromfenac Ophthalmic Solution, 0.07% in the United States.

KIOCL: The central public sector mining company temporarily suspended operations at its Mangalore-based pellet plant unit due to the non-availability of iron ore fines, effective January 9, 2024. 

Polycab India: 

The electrical solutions company has refuted media reports alleging tax evasion. Polycab said that it had yet to receive any information from the Income Tax Department regarding the outcome of the search. 

Power Finance Corporation: The public sector undertaking has obtained a no-objection letter from the Reserve Bank Of India to establish a finance company at the International Financial Services Centre in GIFT City, Gujarat.

Steel Strips Wheels: The automotive steel wheels & alloy wheels manufacturer has received approval from the Ahmedabad Bench of the National Company Law Tribunal (NCLT) for the investment of Rs 138 crore in AMW Autocomponent Ltd through equity and an inter-corporate loan as part of an insolvency resolution plan. 

Vedanta: Moody’s has downgraded the corporate family rating of the mining company from Caa2 to Caa3 and rating on unsecured bonds to Ca from Caa3, given the liquidity issues at its parent company, Vedanta Resources.