The SGX Nifty recorded a gain of 0.25% during Friday’s early trading session, with a value of 18,807, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. Domestic equity indices ended lower in the previous session, snapping the three-day gaining streak. BSE Sensex lost 0.49% or 310 points to close at 62,917.63, while Nifty ended 68 points or 0.36% lower at 18,688.10 for the day.

Take a look at stocks that are likely to remain in focus today.

Corporate action: 

On Friday, Alan Scott Industries and Cressanda Solutions will see their stocks turn ex-date for a rights issue. 

HDFC Life Insurance Company, Angel One, Power Finance Corporation (PFC), Torrent Power, Piramal Enterprises, Welspun Corp and at least five more stocks will turn ex-dividend today. 

Shares of IT major Wipro will turn ex-date for the Rs 12,000 crore share buyback. 

IKIO Lighting: The LED maker is set to debut on the stock exchange in today’s session. The listing is anticipated at a significant premium, as the initial public offering (IPO) traded at a 32% premium on the grey market. The company’s public issue was subscribed 66.30 times during June 6-8. 

HCL Technologies: The IT services company has expanded its strategic partnership with Google Cloud to develop joint solutions powered by Google Cloud’s generative AI technologies and help enterprises leverage generative AI. 

Reliance Industries (RIL): The Mukesh Ambani-led conglomerate plans to raise a $2 billion foreign-currency loan through the country’s dedicated external commercial borrowing route to fuel the ongoing expansion of its oil-to-telecoms business. According to a Bloomberg report, RIL is already in talks with lenders, including Bank of America Corp., Citigroup Inc. and Standard Chartered Plc. 

Axis Bank: According to block deal market data available on the National Stock Exchange (NSE) website, US-based private equity firm Bain Capital, through its investment arm BC Asia Investments VII Ltd, sold a partial stake of 2.25 crore shares, or 0.7% in the private lender Axis Bank, at a weighted average price of ₹968 per share.

TVS Motor Company: India’s third-largest two-wheeler manufacturer, TVS Motor, has offloaded its entire 43.54% stake in Emerald Haven Realty Ltd in a related party transaction to TVS Holdings Private Limited for a consideration of Rs 166.83 crore.
Samvardhana Motherson: The company, formerly Mothersn Sumi Systems, announced on Thursday that it had signed a binding undertaking to acquire a 100% stake in French-based Cirma Enterprise from Vinci Energies. The translation will be done through one of its step-down subsidiaries, Samvardhana Motherson Automotive Systems Group BV, at an enterprise value of 7.2 million euros.