Indian Equity Indices are expected to open positively, as the Nifty futures on the Singapore Exchange (SGX) recorded a 0.3% gain during Wednesday’s early trading session. 

Domestic indices NSE Nifty 50 and S&P BSE Sensex ended the trading session on Tuesday in green. The Nifty 50 climbed 0.68% or 126.20 points to reach 18,817.4. BSE Sensex rose 446.03 points or 0.71% to 63,416.03.

Take a look at stocks that may remain in focus today:

Titagarh Wagons: Titagarh Railsystems Ltd. received a Letter of Acceptance (LOA) from the Gujarat Metro Rail Corporation (GMRC) Limited for an Rs 857 crore project for designing, manufacturing, supplying, testing, commissioning and training 72 standard gauge cars for Surat Metro Rail Phase-I Project. 

HDFC, HDFC Bank: Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh announced that the proposed merger between HDFC and HDFC Bank is expected to be complete by July 1 as both companies are working towards completing the necessary protocols. HDFC shares will stop trading and be delisted from the bourses on 13 July.

Further, on Tuesday, HDFC Ltd purchased an additional 0.7% stake in its subsidiary HDFC Life. The RBI said to relax certain restrictions regarding onboarding new customers by HDFC Credila, subject to a few conditions. 

LTIMindtree: After HDFC gets delisted from the exchanges on July 13, LTIMindtree is said to be a key contender to replace the lender in the Nifty index. Analysts expect LTIMindtree to attract significant inflows.

Gland Pharma: The US Food and Drug Administration (US FDA) conducted an inspection for seven products and a good manufacturing practice (GMP) inspection between June 15 and June 27 at Gland Pharma’s Pashamylaram facility at Hyderabad and has issued one observation under Form 483. 

Vedanta: Vedanta-Foxconn joint venture (JV) has reportedly re-submitted an application to set up an electronic chip manufacturing plant in India in response to the new guidelines issued by MeitY.

State Bank of India: SBI has received approval from its Executive Committee of the Central Board for acquiring the entire 20% stake held by SBI Capital Markets in SBI Pension Funds, subject to receipt of regulatory approvals.

ITC: The company acquired 857 compulsorily convertible preference shares of Rs 10 each of Mother Sparsh at a consideration of Rs 11.54 crore, taking its holdings of the company’s share capital to 26.50%.