BSE S&P Sensex hit a fresh lifetime high of 63,588.31 on Wednesday, while NSE Nifty 50 reached near-record high levels brushing highs of 18,875, after which the benchmarks trimmed some gains. 

Sensex settled 195.45 points, or 0.31% higher at 63,523.15, and Nifty gained 40.15 points, or 0.21%, to 18,856.85. 

On Thursday, the SGX Nifty recorded a 0.08% loss during the early trading session, floating near 18,890 levels signalling a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Domestic equities are expected to see a negative start to trading on Thursday amid weak global cues. 

Meanwhile, back home, here are a few stocks in focus on Thursday’s trade:

Bharti Airtel: The company has agreed to acquire 12.07% or 283,400 equity shares in Egan Solar Power, a special-purpose vehicle formed to own and operate the Captive Power Plant for Rs 1.3 crore. 

Reliance Industries (RIL): The Reserve Bank of India (RBI) approved the conglomerate to retain $2 billion over and above the $3 billion loan it raised last year. The funds will be used to expand and meet the company’s working capital needs. RIL’s FMCG arm, Reliance Consumer Products (RCPL), has also announced the expansion of its brand, ‘INDEPENDENCE’, to North India.

Tata Consultancy Services (TCS): UK’s National Employment Savings Trust (NEST) and TCS have announced the expansion of their partnership to focus on digitally transforming Nest’s scheme administration services. The $1.1 billion or £840 million contract, with an initial tenure of 10 years, can be extended to an 18-year term with the estimated value going up to £1.5 billion.

JK Tyre: India Ratings and Research (Ind-Ra) has upgraded its rating outlook for JK Tyre & Industries from negative to stable and its long-term issuer rating to low credit risk category ‘IND A+’ from ‘IND A’. The upgrade highlights the company’s strong operational and financial performance and improvement in the company’s credit metrics.

Delhivery: Private equity firm Carlyle Group plans to sell its 2.53% stake in the Gurgaon-based logistics and supply chain company, through a block deal today, for about Rs 710 crore. 

NTPC: NTPC’s Board of Directors will convene a meeting on June 24 to discuss and approve raising funds to Rs 12,000 crore via the issue of Non-convertible Debentures (NCDs).