Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, closed Monday’s session slightly positive, rebounding from Friday’s decline. Nifty 50 jumped 24.10 points or 0.12% to 19,355.90, while the Sensex gained 0.1% or 63.72 points to 65,344.17. 

In the early hours of Tuesday, GIFT Nifty Futures recorded a 0.4% surge over foreign fund inflows. Domestic indices are also expected to increase green tracking gains in the overseas peers. 

Meanwhile, some stocks are likely to be in focus on 11 July. 

Vadilal Industries: The ice cream maker is in talks of acquisition with US private investment firm Bain Capital. The latter is looking to take control of Vadilal Industries and Vadilal Enterprises, along with the brand.

CarTrade Tech: The company has inked a share purchase agreement with OLX India B.V. and its subsidiary Sobek Auto India Pvt Ltd for acquiring a 100% stake in the latter from OLX for a total consideration of Rs 537.43 crore. 

SBI Cards and Payments Services: State Bank of India (SBI), the parent company of SBI Cards, has appointed Abhijit Chakravorty as Managing Director and CEO of SBI Cards, following the resignation of Rama Mohan Rao Amara, effective from August 11.

Tata Communications: Tata Communications International Pte (TCIPL), the company’s Singapore-based subsidiary, has entered a share purchase agreement with Oasis Smart SIM Europe SAS to acquire the remaining 41.9% stake in the eSIM technology provider for $12 million or Rs 99.3 crore in cash. The deal will be completed within one month.

Vedanta: Foxconn Technology Group has decided to withdraw from its joint venture with Vedanta. However, the Indian conglomerate plans to stay fully committed to building a semiconductor fabrication, assembly and testing unit and has lined up other partners to set up India’s first foundry. 

Cyient DLM: Nippon India Mutual Fund A/c Power and Infra Fund bought 5,00,000 shares of Cyient DLM Ltd at an average price of ₹403, following a bumper listing at over 50% premium. 

Sanghvi Movers: The crane leasing firm has secured work orders of Rs 150 crore from eminent independent power producers (IPPs) in the renewable energy sector.