The GIFT Nifty futures were trading flattish before the market’s opening on Tuesday. Indices are expected to open on a similar lacklustre note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, extended gains for the third consecutive session on Monday to close at a two-week high. Sensex soared 594.91 points or 0.92% to settle at 64,958.69, while Nifty added as much as 0.94% or 181.95 points to 19,411.75. 

Here are some stocks likely in focus on November 7:

Bajaj Finance: The company opened its Rs 8,800 crore qualified institutional placement (QIP) on November 6 and has fixed the base price at Rs 7,250 per share. The price is nearly at a 4% discount from the SEBI’s formula price of Rs 7,533.81 per equity share. 

Hindustan Petroleum Corporation (HPCL): The oil marketing company returned to profitability and logged a consolidated net profit of Rs 5,826.96 crore in the September quarter after a boost in marketing margin improved earnings. In the year-ago period, the company posted a loss of Rs 2,475.69 crore. However, revenue dipped 9.7% year-on-year (YoY), falling to Rs 1.02 lakh crore. 

Quess Corp: The board of the company approved buying a 4.5% stake in unit Vedang Cellular Services for Rs 6.05 crore, increasing its total stake to 96.97%. The board also approved the acquisition of an additional 46.09% stake for Rs 6.8 crore to increase its total holdings in unit Stellarslog Technovation to 100%. In Q2 FY24, the net profit rose 24% YoY to Rs 63.84 crore, with total income up 11.2% at Rs 4,763.47 crore.

Cipla: The drugmaker approved the transfer of its generics business to unit Cipla Pharma and Life Sciences for a consideration of Rs 350 crore, with the sale to be completed by December 31, 2023.

Companies announcing their Quarterly Results today: Alembic Pharmaceuticals, Alkyl Amines Chemicals, Anupam Rasayan India, Apollo Tyres, Arvind Fashions, Atul Auto, Balrampur Chini Mills, Cochin Shipyard, CRISIL, Cummins India, Deepak Nitrite, Devyani International, Eveready Industries India, Gujarat State Fertilizers & Chemicals (GSFC), Hawkins Cookers, Ideaforge Technology, Indian Railway Catering And Tourism Corporation (IRCTC), Kirloskar Brothers, Mishra Dhatu Nigam, Naukri, Power Grid Corporation of India, Prestige Estates, Saint Gobain, Schneider Electric Infrastructure, Shree Cement, Skipper, Trent, Venkys, Yatharth Hospital & Trauma Care Services, Zaggle Prepaid Ocean Services and Zydus Lifesciences among others.