The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.05% lower by 11.50 points at 24,094.50, indicating that the domestic benchmark indices are likely to make a negative start on Monday.
On Friday, 3 January, Domestic benchmark indices S&P BSE Sensex slumped 720.60 points or 0.90% and settled at 79,223.11, while the Nifty50 traded slipped 184 points or 0.76%, settling at 24,004.75.
Here are some stocks that are likely to remain in focus on 6 January.
Bank of India: The company is looking to sell Rs 245.68 crore worth of non-performing loans of Uttar Pradesh-based Simbhaoli Sugars Ltd and has invited counterbids for firms who are interested in acquiring the bad loans via a Swiss challenge auction.
Coal India: The Competition Commission of India (CCI) has rejected claims of dominance abuse against Coal India regarding its e-auction scheme launched in December 2022, concluding that the state-owned enterprise did not breach any regulations.
Hindustan Unilever: The company is in final talks to acquire Minimalist, which is a direct-to-consumer (D2C) skincare brand at a valuation of Rs 3,000 crore.
Brigade Enterprises: The company, through its subsidiary Ananthay Properties, has acquired a Bengaluru land parcel worth Rs 630 crore. The 20-acre land parcel will offer 2.5 million square feet of saleable area and has a gross development value of Rs 2,700 crore.
NTPC Green: NTPC Renewable Energy has emerged as the highest bidder in UPPCL’s e-reverse auction, winning 1,000 MW at a tariff of ₹2.56/kWh and is now awaiting the official Letter of Award.
ICICI Bank: The company has received a demand and penalty order worth Rs 100.76 crore from the Maharashtra GST Department for alleged tax discrepancies.
Easy Trip Planners: The company’s co-founder, Nishant Pitti, has sold a “small portion” of the promoter shares that were held by him for “personal reasons”, which comes after the company announced his resignation as CEO.
HDFC Bank: In its quarterly earnings for October-December, the company reported a 3% YoY increase in gross advances and a 15.8% growth in deposits.
Tata Elxsi: The company has announced their plans to work with Qualcomm Technologies to accelerate the adaptation of Software-defined Vehicles (SDV) for next-generation mobility by leveraging Qualcomm’s Snapdragon automotive platform.
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