The GIFT Nifty futures were trading in the green before the market’s opening on Thursday. Indices are expected to open on a similar positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, climbed to fresh closing highs on Wednesday, led by firm global market trends. Sensex gained 701.63 points or 0.98% to settle at 72,038.43, while Nifty ended 1% pr 213.40 points higher at 21,654.75. 

Here are some stocks to watch on December 28.

Zomato: The food delivery aggregator has received a show cause notice from the Directorate General of GST Intelligence, Pune Zonal Unit, amounting to a tax liability of Rs 401.70 crore along with interest and penalty related to delivery charges collected between October 29, 2019, and March 31, 2022. 

Banks, NBFCs: The Reserve Bank of India (RBI) has released its Trend & Progress Report for 2022-23 for banks and non-banking financial companies (NBFCs). The report stated that both financial institutions remained sound and resilient, with banks’ gross non-performing assets (GNPAs) at a decade-low. However, they need to strengthen their balance sheet further, improve governance standards, and remain watchful on the rise in unsecured loans. 

Exide Industries: The battery manufacturing company has invested nearly Rs 40 crore in its subsidiary, Exide Energy Solutions, through subscription in the equity share capital on a rights basis. With this, Exide Industries’ total investment in its arm is Rs 1,820.01 crore.

KPI Green Energy: The solar power company and its subsidiary, KPIG Energia, have commissioned solar power projects totalling 17.35 MWp. Further, the company’s board will meet on December 30 to consider issuing bonus shares and increasing its authorised capital.

Canara Bank: The board of the public sector bank has approved the process of listing its mutual fund subsidiary, Canara Robeco Asset Management Company, through an Initial Public Offering (IPO).