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

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, settled the Tuesday session with gains following positive global cues. Nifty climbed 34.45 points or 0.16% to close at 21,453.10, while Sensex gained 0.17% or 122.10 to end higher at 71,437.19.

Here are a few stocks likely to remain in focus on December 20.

Rail Vikas Nigam Ltd (RVNL): The KRDCL-RVNL joint venture emerged as the lowest bidder for a Rs 123 crore project to upgrade the Varkala Sivagiri railway station in Kerala. RVNL’s stake in the JV is 49%, while the lead partner is KRDCL, with a 51% share.  

Deepak Nitrite: The board of a wholly-owned subsidiary of Deepak Nitrite, Deepak Phenolics, has approved the execution of a binding Term Sheet with Petronet LNG for the offtake of 250 KTPA of Propytene and 11 KTPA of Hydrogen from Petronet Petrochemical Project at Dahej for 15 years from the initial delivery. 

Glenmark Life Sciences: The Competition Commission of India has approved the acquisition of a majority stake in Glenmark Life Sciences by Nirma Ltd. 

Bharat Petroleum Corporation Ltd (BPCL): The oil and gas company board approved a proposal to establish a 400 KTPA (kilo-tonnes per annum) polypropylene unit costing Rs 5,044 crore at its Kochi refinery. The project will be financed with a debt-equity ratio of 65:35.

JK Tyre and Industries: The tyre manufacturer launched its Qualified Institutional Placement (QIP) on Tuesday, December 19, with the floor price set at Rs 358.96 per share to raise up to Rs 500 crore.

Nippon Life India Asset Management: IndusInd Bank will likely sell up to 1.79 crore shares or a 2.86% stake in the company through a block deal. The block deal is estimated to be worth Rs 760 crore, with the floor price fixed at Rs 426 per share.

Varun Beverages: The bottling company is set to acquire South Africa’s The Beverage Company and its subsidiaries for Rs 1,320 crore or 3 billion South African Rand. Varun Beverages also signed a Memorandum of Understanding (MOU) with the Government of Jharkhand.