The GIFT Nifty futures, which are an early indicator of the Nifty50 index stocks, were trading lower by 722 points at 23,824, indicating that the domestic benchmark indices are likely to make a terrible start on Monday. 

Earlier on Friday, 6 March, the domestic benchmark indices S&P BSE Sensex crashed by 1,097 points or 1.37%, and settled at 78,918, while the Nifty50 traded 1.27% lower or 315 points, closing at 24,450.

Here are some stocks that are likely to remain in focus on 9 March.

Max Estates: Max Estates has received RERA approval for its Max One project in Noida. The 10-acre development, with a potential built-up area of about 2.5 million sq ft, carries an estimated sales potential of around Rs 2,000 crore and an annuity rental income potential of about Rs 120 crore.

UltraTEch Cement: UltraTech Cement has signed an Energy Supply Agreement, Share Subscription Agreement, and Shareholders Agreement to acquire a 26.20% equity stake in Sunsure Solarpark Thirty Eight Private Limited. The investment will help the company meet its green energy requirements and comply with regulatory norms for captive power consumption.

Tata Power Company: Tata Power has partnered with Salesforce to digitally transform its expanding rooftop solar, EV charging, and smart home solutions businesses. The collaboration supports Tata Power’s long-term clean energy strategy aligned with India’s net-zero goals.

RITES: RITES Limited has received revised estimates for railway electrification work on the Mysuru–Hassan–Mangaluru section, including the Hassan–Arsikere stretch, from South Western Railway on a cost-plus turnkey basis, with the project cost revised to Rs 729.28 crore. Separately, the company secured a Rs 45.18 crore work order from the Government of West Bengal for consultancy services as project management consultant for constructing a four-lane extra-dosed bridge over the River Muriganga in South 24 Parganas.

Dr Reddy’s Laboratories: Dr Reddy’s Laboratories said the United States Department of Justice has closed its inquiry under the Foreign Corrupt Practices Act (FCPA) based on the information available and has not recommended any enforcement action. In November 2020, the company launched an internal investigation after receiving an anonymous complaint alleging improper payments to healthcare professionals in Ukraine and possibly other countries that could violate US anti-corruption laws.

Gujarat Narmada Valley Fertilizers and Chemicals: GNFC said the ongoing Middle East conflict has disrupted the supply of Liquefied Natural Gas (LNG). GAIL (India), the supplier of Re-gasified Liquefied Natural Gas (RLNG) to GNFC, received a force majeure notice from Petronet LNG citing transit constraints affecting LNG supplies. As a result, RLNG allocation to GNFC under the supply agreement has been restricted to 60% of the Daily Contracted Quantity (DCQ) from 6 March, which is likely to impact the company’s Neem urea production.

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