The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.70% lower by 166 points at 23,668, indicating that the domestic benchmark indices are likely to make a negative start on Tuesday.
On Monday, 30 December, Domestic benchmark indices S&P BSE Sensex slumped by 451 points or 0.57% and settled at 78,248, while the Nifty50 traded 168 points lower or 0.71% and settled at 23,645.
Here are some stocks that are likely to remain in focus on 31 December.
Lupin: The company has announced that it is acquiring Huminsulin in India from Eli Lilly and Company, aiming to significantly strengthen the company’s existing diabetes portfolio.
Adani Enterprises: Adani Enterprises (AEL) announced on Monday, 30 December, its decision to completely exit its consumer goods joint venture, Adani Wilmar, where it holds a 44% stake. The divestment process will occur in two phases.
Hindalco: The company’s metal flagship expects to start production at the Meenakshi coal mine in Odisha in 2028. The coal mine is a fully explored block and has a peak-rated capacity of 12 million tonnes per annum (MTPA) and 285.23 MT of geological reserves.
DBS Bank India: The company has appointed Rajat Verma as chief executive officer (CEO), succeeding Surojit Shome, who is set to retire at the end of February.
Reliance Industries: The company is seeking a premium of around $3.5 per barrel over an international benchmark for crude oil it produces for the eastern offshore KG-D6 block.
ITC: The company has received approval from the National Company Law Tribunal (NCLT), Kolkata, to demerge its hotel business effective 16 December. ITC Hotels will be listed in the next 60 days of receiving the NCLT order.
Rail Vikas Nigam: The company has emerged as the lowest bidder for the design, supply, erection, testing, and commissioning of 132/55 KV traction substation, sectioning post (SPs) and sub-sectioning post (SSPs) in 2 x 25 KV Traction System for meeting 3,000 million tonnes (MT) loading target on EPC mode.
GMR Airport: The company has provided a letter of comfort to ICICI Bank for the Rs 100 crore working capital facility being availed by its subsidiary, GMR Nagpur International Airport.
Jubilant Ingrevia: The Board of Directors of the company approved its subsidiary, Jubilant Infrastructure, to acquire a 6.67% stake in Forum I Aviation Private Limited from Hero Fincorp Limited and Mr. Sunil Kant Munjal.
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