The GIFT Nifty futures were trading in the red before the market’s opening on Monday. Indices are expected to open on a similar flat-to-negative note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex closed lower on the last trading session of 2023, ending their five-day rally. Nifty finished the day 47.30 points or 0.22% lower at 21,731.4, while Sensex dropped 0.23% or 170.12 points to settle at 72,240.26. 

Here are some stocks likely to remain in focus on January 1.

Torrent Power: The utility company has established a wholly-owned subsidiary, Torrent Green Hydrogen Private Limited, dedicated to generating electricity from renewable sources in Gujarat, aligning with the company’s commitment to sustainable energy practices.

ACC: The cement company has successfully commissioned a new cement manufacturing unit with a capacity of 1.0 MTPA (million tonnes per annum) at Ametha, Madhya Pradesh and commenced the commercial production and dispatch of cement with effect from December 28, 2023, reinforcing its position in the cement industry.

Hikal: The Gujarat Pollution Control Board has imposed a fine of Rs 17.45 crore on the pharma and agrochemical company for alleged violations of environmental laws.

Aditya Birla Capital: The financial services company has extended the completion timeline for the sale of a 50% stake in Aditya Birla Insurance Brokers until March 31, 2024, subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI).

Grasim Industries: The cement company has commissioned an additional 1.23 lakh tonnes annual capacity of advanced materials manufacturing at its plant in Bharuch, Gujarat. Further, the board of Grasim Industries will consider a rights issue in their meeting on January 4.

Dr Reddy’s Laboratories: The global arm of the pharma company has acquired a 6.46% stake in the Israel-based biotechnology company Edity Therapeutics Ltd at US$1.97 per preferred A-1 share.

Godrej Properties: The real estate company has acquired a 4-acre land parcel in Yeshwantpur, Bengaluru, having a developable potential of approximately 7 lakh square feet of saleable area in the form of residential apartments.