The GIFT Nifty futures were trading marginally in the green before the market’s opening on Friday. Indices are expected to open on a similar flat-to-positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex continued their rally for the fifth consecutive session. Nifty settled the day at 21,778.70, up 123.95 points or 0.57%, while Sensex gained 0.52% or 371.95 points to settle at 72,410.38.

Here are some stocks to watch on December 29.

Lemon Tree Hotels: The hospitality company has inked a franchise agreement for an upcoming hotel in Mussoorie, Uttarakhand, in addition to the eight existing and seven other upcoming hotels and resorts in the state.

BPCL, HPCL, IOCL: As per reports, state-run Oil Marketing Companies (OMCs) viz Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) are likely to announce reductions in petrol and diesel prices by Rs 8–10 per litre.

Aarti Drugs: The pharma company has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) regarding the non-disclosure of the Gujarat Pollution Control Board order to close its operations at the Sarigam plant.

Punjab National Bank (PNB): The board of the lender has approved raising funds to the tune of Rs 7,500 crore via in one or more tranches during FY25 through Qualified Institutions Placement (QIP) or Follow on Public Offer (FPO).

ICICI Lombard General Insurance: The general insurer has received a show cause cum demand notice of nearly Rs 1,729 crore from the Joint Commissioner, CGST Thane Commissionerate, for the period between July 2017 and March 2022. 

RailTel Corporation of India: The telecom infrastructure provider bagged a Rs 120.45 crore order from South Central Railway for comprehensive signalling and telecommunication works of an automatic block signalling system in the Yermaras-Nalwar section of the Guntakal division.

Tata Consumer, Tata Coffee: Tata Coffee is set to merge with Tata Consumer Products (TCPL) and its wholly-owned subsidiary TCPL Beverages & Foods (TBFL) with effect from January 1. The scheme of arrangement involves the demerger of Tata Coffee’s plantation business into TCPL Beverages & Foods and the subsequent merger of the remaining business with Tata Consumer Products. The record date for the share swap is set as January 15.