The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading lower by 46 points at 22,682, indicating that the domestic benchmark indices are likely to make a negative start on Thursday. 

Earlier on Wednesday, 21 October, the domestic benchmark indices S&P BSE Sensex slumped by 143 points or 0.19%, and settled at 73,709 while the Nifty50 traded 0.34% lower by 77 points, closing at 22,811.

Here are some stocks that are likely to remain in focus on 22 October.

Seamec: Seamec has signed a contract with HAL Offshore to charter its vessel SEAMEC ANANT for inspection, maintenance and repair (IMR) work for Oil and Natural Gas Corporation (ONGC). The charter period is approximately 1,225 days, subject to HAL Offshore’s agreement with ONGC. The contract is valued at around US$55 million for the full period.

Bharat Electronics: Bharat Electronics has secured additional orders worth Rs 1,011 crore since October 13. The orders cover improved low-level light-weight radar, communication equipment, sonar, jammers, upgrades, spares and services.

Tata Communications: The company’s subsidiary, Tata Communications (Spain) S.L., has received a favourable ruling from Spain’s National Court. The court annulled a resolution passed by the Central Economic-Administrative Tribunal and overturned a value-added tax (VAT) demand of €15.51 million, along with a related penalty of €18.10 million imposed by the Spanish Tax Agency.

Zydus Lifesciences: Zylidac Bio, a biologics contract development and manufacturing organisation (CDMO) within the Zydus Lifesciences group, has partnered with biotechnology company Prolific Machines. The collaboration aims to scale Prolific’s platform from early-stage development to good manufacturing practice (GMP) production.

NHPC: The company has announced the commercial operation date (CoD) of Unit 5, with a capacity of 250 MW, at the 2,000 MW Subansiri Lower Hydroelectric Project in Assam and Arunachal Pradesh. The project comprises eight units of 250 MW each.

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