The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.06% higher by 14.50 points at 24,535 indicating that the domestic benchmark indices are likely to make a muted start on Tuesday.

On Monday, 23 July, Domestic benchmark indices S&P BSE Sensex slumped 102.57 points or 0.13%, to end at 80,502, while the Nifty50 traded 21.65 points or 0.09% lower and settled at 24,530.90.

Here are some stocks that are likely to remain in focus on 23 July.

Defence Shares: Defence-related companies will be the focus as the government moves towards Aatmanirbhar Bharat and indigenous production of defence-related equipment.

Railway Shares: Shares of railway companies are bound to react to any announcements made by the Finance Minister. The industry is expecting a substantial allocation to bolster infrastructure, modernise services across the railway network, and enhance connectivity. 

Agricultural Shares: Shares of agriculture-related companies can see movements today as investors expect the government to dole out incentives to boost rural incomes.

Bank Stocks: Shares of the banking sector are looking towards Finance Minister Nirmala Sitharaman to make an announcement on the long-pending five-day banking rule in the Budget.

Shares of Shipping Companies: Shares of shipping-related companies will be the focus. The government is looking to increase funds for port modernisation, launch a maritime development fund, and provide incentives for green shipping practices. 

Lemon Tree Hotels: The company has announced signing two Licence Agreements for Keys Lite by Lemon Tree Hotels, Pathankot, Punjab and Lemon Tree Hotel, Arpora, Goa, which are set to be operational in FY2026.

Gensol Engineering: The company has emerged as a lowest bidder for 116 MW solar projects in Gujarat for a total consideration of Rs 600 crore. 

Oil India: The company has entered into a contract with Norway’s Dolphin Drilling Ltd for hiring ‘Anchor Moored Semi-Submersible Drilling Unit Blackford Dolphin’.

RailTel: The Ministry of Railways has awarded the company with a major order valued at Rs 186.81 crore for the design, development, implementation, operations, and maintenance of the hospital management information system and an integrated empanelled hospital referral portal for Indian Railways.

Cyient DLM: In its quarterly earnings for April-June, the company reported a 98.1% year-on-year increase in net profit to Rs 10.5 crore for the quarter under review from Rs 5.3 crore reported in the same quarter last year.

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