The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.18% higher by 42.50 points at 23,715.50, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.
On Tuesday, 7 January, Domestic benchmark indices S&P BSE Sensex surged 234.12 points or 0.30% and settled at 78,199.11, while the Nifty50 traded gained 91.85 points or 0.39%, settling at 23,707.90.
Here are some stocks that are likely to remain in focus on 8 January.
Quarterly Results Today: Reliance Home Finance, Transformers and Rectifiers, Vivid Mercantile, and Adarsh Mercantile are some of the prominent companies set to announce their quarterly earnings for October-December.
Rail Vikas Nigam: The company has announced the signing of a Memorandum of Understanding (MoU) with Dubai-based GBH International Contracting LLC to collaborate on infrastructure projects in the Gulf Cooperation Council (GCC) region.
NTPC: The company has announced the incorporation of a new subsidiary, NTPC Parmanu Urja Nigam Ltd, to lend to its nuclear energy ventures. In its filing, the company added, “NTPC PARMANU URJA NIGAM LIMITED has been incorporated on 07.01.2025 as a wholly owned subsidiary of NTPC Limited for undertaking Nuclear Energy Business.”
Ola Electric Mobility: The company has received an administrative warning from the Securities and Exchange Board of India (SEBI) for violation of disclosure rules.
Jindal Worldwide: The company has announced its plans to issue bonus equity shares to the ratio of 4:1 by offering four fully paid-up equity shares for every share held in the company.
Dr Reddy’s Lab: The company has entered into an agreement to sell all the issued and outstanding membership interests in Dr Reddy’s Laboratories Louisiana LLC (DRLL), including the manufacturing facility of DRLL in Shreveport.
REC Ltd: The company has shown its interest in selling bad loans worth Rs 2,848 crore in Corporate Power Ltd and has invited counterbids through a Swiss challenge auction that was initiated by an anchor bid of Rs 58.65 crore.
CESC: The company has issued a Letter of Award to Purvah Green Power Private Limited, which is a company’s subsidiary, for a project to set up a 15- 15-megawatt (MW) wind-solar hybrid power project.
Mankind Pharma: The company has pledged the remaining 56.31% in Bharat Serums & Vaccines, which is a subsidiary of the company, to Catalyst Trusteeship as the Common Security Trustee for the benefit of the (non-convertible debentures) NCD holders.
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