The GIFTY Nifty futures were trading negatively during the early hours before the opening of the markets on Wednesday. Domestic Indices are expected to open on a negative foot in line with the GIFT Nifty futures amid dismal global cues. 

The benchmark equity indices, NSE Nifty 50 and S&P BSE Sensex, ended Tuesday’s trading session flat with a 0.01% increase. The Nifty 50 settled at 19,396.45 points, while the Sensex ended at 65,220.03 points.

Here is a list of Stocks that might be in focus on August 23.

Brightcom Group: The Securities and Exchange Board of India (SEBI) passed a second interim order against the Brightcom Group Chairman and CEO Suresh Kumar Reddy and chief financial officer (CFO) Narayan Raju, barring them from holding key managerial positions in any firm until further notice. 

Hindalco Industries: Kumar Mangalam Birla, Hindalco’s Chairman, told shareholders at the company’s annual general meeting that the company plans to invest Rs 2,000 crore to establish a copper and e-waste recycling facility and another Rs 2,000 crore to set up a new extrusion facility.  

Jio Financial Services: Bombay Stock Exchange (BSE) postponed the removal of Jio Financial Services Ltd from all the S&P BSE Indices from August 24 to August 29 after the stock hit the lower circuit for the second day in a row on Tuesday. 

Piramal Enterprises: The company’s board of directors has approved the public issuance of non-convertible debentures (NCDs) for up to Rs 3,000 crore in one or more tranches.

RITES: The state-run railway company has been declared an L-1 bidder in a Rs 65.4 crore tender for service testing and inspection of 60 lakh MT Rails as per IRS T-12 2009 floated by the Railway Board. The contract is expected to be executed within five years and is extendable by up to one year.

Vodafone Idea: The debt-ridden telecom operator reportedly plans to clear Rs 2,400 crore of dues for the June 2023 quarter and spectrum instalment with applicable interest to the government by September. The company recently cleared pending dues of licence fees and spectrum usage charges of Rs 450 crore for the March quarter of 2022-23.

Linde India: The company has received a Letter of Acceptance (LoA) from Indian Oil Corporation Ltd (IOCL) for an order to set up Air Separation Unit at IOCL’s Panipat Refinery Expansion Project. It will also operate and maintain the facility for 20 years upon completion.