The GIFT Nifty futures, which are an early indicator of the Nifty50 index stocks, were trading lower by 4 points at 26,209, indicating that the domestic benchmark indices are likely to make a muted start on Wednesday. 

Earlier on Tuesday, 2 December, the Domestic benchmark indices S&P BSE Sensex traded lower by 503 points or 0.59%, and settled at 85,138, while the Nifty50 traded 0.55% lower or 143 points, closing at 26,032.

Here are some stocks that are likely to remain in focus on 3 December.

Hindustan Copper: Hindustan Copper and NTPC Mining signed an MoU to collaborate in copper and critical mineral exploration. The partnership allows both companies to jointly bid for mineral block auctions and work together on exploration, mining, and processing activities. They also plan to explore investment opportunities using Hindustan Copper’s existing assets.

RPP Infra Projects: RPP Infra Project announced that it has received a letter of acceptance worth Rs 25.99 crore, including GST, for widening the Hogenakkal–Pennagaram–Dharmapuri–Tirupathur Road (SH-60) in Tamil Nadu from two lanes to four lanes. The company also confirmed that it has received the hard copy of the LOA and will share updates as the project advances.

Bansal Wire: Bansal Wire Industries reported that it has received a show-cause notice from the Uttar Pradesh State GST department for the financial year 2020–21. The notice seeks Rs 202.77 crore, including tax, interest, and penalties. The Joint Commissioner of State GST, Corporate Circle-I, Ghaziabad, issued the notice.

IRFC: Indian Railway Finance Corporation signed a loan agreement with Sumitomo Mitsui Banking Corporation at its GIFT City branch in Gujarat. Under the agreement, IRFC will raise an external commercial borrowing equivalent to 300 million USD in Japanese Yen. This marks IRFC’s return to the overseas borrowing market after more than three years.

India Cement: The company said that its Indonesian and Singaporean subsidiaries have signed a share sale and purchase agreement to sell their entire stake in PT Adcoal Energindo for about IDR 10 billion (around Rs 5.2 crore). After the transaction, PT Adcoal, which will no longer remain a subsidiary, and its associate PT Mitra Setia Tanah Bumbu will also be excluded from the consolidated structure.

Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!