The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.23% lower by 52 points at 22,865, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.

On Tuesday, 28 May, Domestic benchmark indices S&P BSE Sensex slipped 220.04 points, or 0.29%, to end at 75,170.46 while the Nifty50 traded 44.30 points or 0.19% lower and settled at 22,888.15.

Here are some stocks that are likely to remain in focus on 29 May.

Reliance Industries: The company has announced entering into a one-year contract with Russia’s Rosneft to acquire a minimum of 3 million barrels of oil every month in rubles. 

Adani Enterprises: The company’s board of directors considered and approved raising Rs 16,600 crore in one or more tranches through Qualified Institutional Placement (QIP) or any other permissible mode. 

NBCC: The state-owned construction company reported a 24.6% year-on-year increase in net profit for the quarter ending 31 March at Rs 141.5  crore from Rs 113.6 crore reported during the year-ago quarter. 

Amar Raja Energy: In its quarterly report for January-March, the battery manufacturer reported a 61.4% YoY increase in net profit to Rs 229.8 crore for the quarter under review, compared to Rs 142 crore reported in the same quarter last year. 

Hindalco Industries: The company is ready to list its US subsidiary Novelis on the New York Stock Exchange, offering 45 million shares, representing a 7.5% stake of the company in Novelis, at a price band of $18-21 per share. 

Gujarat Narmada Valley: The state-owned company reported a 61.3% YoY decline to Rs 130 crore in its Q4 earnings from Rs 336 crore in the same quarter of the previous fiscal year. 

Aditya Birla Fashion and Retail: In its quarterly earnings for Q4FY24, the company reported a net loss of Rs 266.4 crore, up from Rs 194.5 crore in the same quarter last year. However, revenue from operations during the quarter grew by 18.3% YoY to Rs 3,406.7 crore for the quarter under review.