The GIFT Nifty futures were trading in the red before the market’s opening on Wednesday. Indices are expected to open on a similar flat-to-negative note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex closed higher on Wednesday amid buying in market heavyweights. Nifty settled 73.85 points or 0.34% higher at 21,618.70, while Sensex advanced 0.38% or 271.50 points to settle at 71,657.71.

Here are some stocks that are likely to remain in focus on January 11.

Polycab India: Following a search and seizure operation, the Income Tax department has detected “unaccounted cash sales” of about Rs 1,000 crore in the books of the cables and wires manufacturer.

Atul: The chemicals company’s subsidiary, Atul Products, has received the required approval of licences and commenced its operations of a 300 tpd (tonnes per day) caustic and 50 MW power plant situated at the Atul site.

Kalyani Steels: The iron and steel forging company has emerged as a successful bidder for the acquisition of the assets of Kamineni Steel & Power India for a cash consideration of Rs 450 crore to be paid on or before April 7, 2024.

CESC: The power utility company’s subsidiary, Noida Power Company, has bagged an order from the Uttar Pradesh Electricity Regulatory Commission (UPERC) for the procurement of 95 MW of RTC power per year for a period of 5 years.

Axiscades Technologies: The technology solutions company launched a qualified institutional placement (QIP) on Wednesday to raise up to Rs 500 crore at the floor price of Rs 696.7 per share.

Spicejet: As part of its Regional Connectivity Scheme (RCS), the airline, holding exclusive rights for Lakshadweep, plans to launch flights to Agatti Island soon. SpiceJet plans to raise Rs 2,250 crore through a preferential issue of shares and warrants fund for the expansion and to reduce its debt burden.