GIFT Nifty futures were trading in the red before the market opened on Monday. The indices are expected to open on a similar note of stable to negative.
Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex closed lower in the last trading session of 2023, ending their five-day rally. Nifty ended the day down 47.30 points or 0.22 per cent at 21,731.4, while Sensex fell 0.23 per cent or 170.12 points to settle at 72,240.26.
Below are some stocks that will likely continue to be in focus on January 1.
Torrent power: The utility has established a wholly owned subsidiary, Torrent Green Hydrogen Private Limited, dedicated to generating electricity from renewable sources in Gujarat, aligning with the company's commitment to sustainable energy practices.
CAC: The cement company has successfully commissioned a new cement manufacturing unit with a capacity of 1.0 MTPA (million tonnes per annum) at Ametha, Madhya Pradesh and has commenced commercial production and dispatch of cement with effect from on December 28, 2023, strengthening its position in the cement industry.
Hikal: The Gujarat Pollution Control Board imposed a fine of Rs 17.45 crore on the pharmaceutical and agrochemical company for alleged violations of environmental laws.
Aditya Birla Capital: The financial services company has extended the completion schedule for the sale of a 50% stake in Aditya Birla Insurance Brokers to March 31, 2024, subject to approval by the Insurance Regulatory and Development Authority of India ( IRDAI).
Grasim Industries: The cement company has operationalized an additional capacity of 1.23 lakh tonnes per annum of advanced materials manufacturing at its plant in Bharuch, Gujarat. Additionally, Grasim Industries' board of directors will consider a rights issue at its Jan. 4 meeting.
Dr. Reddy's Labs: The pharmaceutical company's global arm has acquired a 6.46% stake in Israel-based biotechnology company Edity Therapeutics Ltd at US$1.97 per A-1 preferred share.
Godrej Properties: The real estate company has acquired a 4-acre land parcel in Yeshwantpur, Bengaluru, which has a development potential of approximately 7 lakh sq ft of salable area in the form of residential apartments.
