The GIFT Nifty futures were trading in the green before the market’s opening on Friday. Indices are expected to open on a similar positive note.
Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex continued their losing streak for the third consecutive session. Nifty plunged by 109.70 points or 0.51% to 21,562.25, while Sensex dropped 313.90 points or 0.44% to settle at 71,186.86.
Here are some stocks that are likely to remain in focus on January 19.
JSW Infrastructure: The marine cargo handling company issued a clarification dismissing media reports suggesting that it is in talks to acquire Navkar Corporation. JSW Infra stated that there are currently no specific proposals regarding the matter.
Bandhan Bank: The Reserve Bank of India (RBI) has approved the appointment of Rajinder Kumar Babbar as a full-time director (to be designated as Executive Director) of the banking and financial services company for a duration of three years.
Lupin: The pharmaceutical major has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application for Febuxostat Tablets to market a generic equivalent of Uloric Tablets of Takeda Pharmaceuticals USA. The product will be manufactured at Lupin’s Pithampur facility.
REC Ltd: The Navratna corporation has been designated as the key implementation agency for the Rooftop Solar (RTS) programme by the Ministry of New and Renewable Energy, Government of India.
Shalby: The healthcare company has announced that it will acquire an 87.26% stake in PK Healthcare at a value of Rs 102 crore.
Power Finance Corporation (PFC): The Ministry of Power-owned company has incorporated two special-purpose vehicles to develop Transmission Systems to evacuate power from potential renewable energy areas in Rajasthan and Gujarat.
Companies announcing their Q3FY24 Results today: Atul, Central Bank, CreditAccess Grameen, Hatsun Agro Product, Hindustan Unilever, Hindustan Zinc, One 97 Communications, RBL Bank, Reliance Industries, Supreme Industries and UltraTech Cement, among others.
