The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 96 points at 23,031, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday. 

Earlier on Tuesday, 20 October, the domestic benchmark indices S&P BSE Sensex slumped by 876 points or 1.17%, and settled at 73,852 while the Nifty50 traded 1.11% lower by 257 points, closing at 22,888.

Here are some stocks that are likely to remain in focus on 21 October.

Infosys: The company has expanded its collaboration with Truist, one of the largest financial services companies in the US, to support the continued development of the bank’s AI-first Global Capability Centre (GCC) in Hyderabad.

Ceigal India: The company’s subsidiary, Jam Khambhaliya Jamnagar Power Transmission Limited, has signed a Transmission Service Agreement with the Central Transmission Utility of India to develop and operate an interstate transmission system.

Alembic Pharma: The company’s subsidiary, Alembic Global Holding SA, has incorporated a wholly owned subsidiary named Alvesta Pharmaceuticals FZCO in Dubai, United Arab Emirates.

JSW Dulux: The Karnataka GST Department has revised its tax demand against the company to Rs 42.04 crore for April 2020 to March 2021. The amount includes Rs 14.07 crore in tax, Rs 13.9 crore in interest and a Rs 14.07 crore penalty.

Transrail Lighting: Transrail Lighting’s board has approved the proposed acquisition of a 49% stake in NOPL Pace Green Energy for Rs 20 crore. NOPL is developing a solar power portfolio with an estimated capacity of 990 MW (AC) across Maharashtra under Component C of the Government of India’s PM-KUSUM scheme.

Tired of missing hot stocks? Tradz by EquityPandit provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!