The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.28% lower by 65 points at 23,323, indicating that the domestic benchmark indices are likely to make a negative start on Friday.
On Thursday, 16 January, Domestic benchmark indices S&P BSE Sensex gained by 318.74 points or 0.29%, and settled at 77,042.82 while the Nifty50 traded gained 98.60 points or 0.42%, settling at 23,311.80.
Here are some stocks that are likely to remain in focus on 17 January.
Quarterly Results Today: ICICI Lombard General Insurance Company, Indian Hotels, Jio Financial Services, Wipro, Tech Mahindra, SBI Life Insurance Company, Rallis India, Ramkrishna Forgings, Supreme Petrochem, Steel Strips Wheels, Aether Industries, 5paisa Capital, Sterlite Technologies, Swaraj Engines, Seshasayee Paper & Boards, and Mamata Machinery are some of the prominent companies set to announce their quarterly earnings for October-December.
Torrent Power: The company has announced plans to set up a thermal power plant in Madhya Pradesh for a total investment of Rs 18,000 crore.
Reliance Industries: In its quarterly earnings for October-December, the company reported an 11.7% year-on-year increase in net profit to Rs 21,930 crore for the quarter under review compared to Rs 19,641 crore reported in the same quarter last year.
Sun Pharmaceutical: The subsidiary of the company, Taro Pharmaceuticals, has announced an agreement to acquire a 100% stake in Antibe Therapeutics, which is a clinical-stage biotechnology company based in Ontario, Canada.
SAIL: The company has announced supplying 4,000 tonnes of special steel for INS Nilgiri. The INS Surat, INS Nilgiri, and INS Vaghsheer were three Indian Navy warships that were commissioned at the Naval Dockyard.
Ravindra Energy: The company has announced receiving an award for developing 44 megawatts (MW) projects at an average power purchase agreement tariff of Rs 3.10 per unit.
BPCL: The company has announced that it is executing a Rs 31,802 crore loan agreement with an SBI-led consortium to fund its petrochemical complex and refinery expansion at Bina.
Bajaj Healthcare: The company has announced that it will receive a new contract for manufacturing, marketing, and selling the Magnesium L Threonate (Magtein®) product in the local market.
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