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 ended lower on Tuesday due to profit booking in bank and IT shares and amid sustained foreign fund outflows. Sensex dropped 379.46 points or 0.53% to settle at 71,892.48, while Nifty ended 0.35% or 76.10 points lower at 21,665.80.

Here are some stocks that are likely to remain in focus on January 3.

Hero MotoCorp: The two-wheeler manufacturer recorded weak December auto sales at 3,93,952 units, flattish year-on-year. Motorcycle sales saw a marginal decline of 0.6% at 3,54,658 units sold. However, the company’s exports grew 25.7% YoY to reach 16,110 units.

Shyam Metallics and Energy: The metal-producing company has launched its Qualified Institutional Placement (QIP) at a floor price of Rs 597.63 apiece to raise up to Rs 3,600 crore. 

Punjab National Bank (PNB): The public sector bank posted a 13.5% YoY growth in advances to Rs 9.72 lakh crore for the December quarter, while deposits rose 9.4% to Rs 13.23 trillion.

Avenue Supermarts: The supermarket chain operator shared in its Q3 business update that its standalone revenue has grown 17.2% YoY to Rs 13,247 crore, with the number of stores standing at 341 as of December 31.

Affle (India): The technology company is set to acquire a 9.03% stake in Explurger for Rs 37.3 crore to enhance its vertical reach to relevant users through Explurger’s AI-powered social media app.

Exide Industries: The battery manufacturer is set to increase its corporate guarantee to Exide Energy Solutions by Rs 1,000 crore, elevating the limit from Rs 2,000 crore to Rs 3,000 crore.

Adani Group Stocks: The Supreme Court will announce its verdict in the Adani Group and Hindenburg Research after its hearing at 10:30 am today.