The GIFT Nifty futures were trading in the green before the market’s opening on Thursday. Indices are expected to open on a similar flat-to-positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex declined for a second day straight on Wednesday. Nifty fell by 148.45 points or 0.69% to settle at 21,517.35, while Sensex slipped 0.75% or 535.88 points to 71,356.60.

Here are some stocks that are likely to remain in focus on January 4.

Rail Vikas Nigam Ltd (RVNL): The central public sector railways company inked a Memorandum of Understanding with REC to finance multi-modal infrastructure projects up to Rs 35,000 crore over the next five years.

Power companies: Gujarat State Government has signed Memorandums of Understanding (MoU) with as many as 58 companies, totalling Rs 7.2 lakh crore. NTPC has reportedly signed MoUs for projects worth Rs 1.5 lakh crore with the state government ahead of the Vibrant Gujarat Summit. Power Finance Corp, Power Grid, Torrent Power and Gujarat Industries Power have inked MoUs for projects amounting to Rs 25,000 crore, Rs 15,000 crore, Rs 47,350 crore, and Rs 8,000 crore, respectively.

Adani Ports and Special Economic Zone: The board of directors of the port operator has approved raising funds up to Rs 5,000 crore through non-convertible debentures. Further, Gautam Adani would be redesignated as the executive chairman and Karan Adani as the company’s managing director. Ashwani Gupta will be appointed as CEO, effective from January 4.

Telecom Companies: According to data from the Telecom Regulatory Authority of India (TRAI), Bharti Airtel added a total of 3.52 lakh wireless subscribers. The Reliance Industries-owned Reliance Jio added 31.59 lakh wireless subscribers, while Vodafone Idea lost 20.44 lakh wireless subscribers. 

Dhampur Sugar Mills: The sugar company’s board approved the buyback of 10 lakh shares with a face value of Rs 10 per share for Rs 300 apiece.

Vedanta: The mining company reported a 6% year-on-year (YoY) increase in aluminium output at 599 kilotonnes (KT), a 4% YoY dip in refined zinc output at 203 KT and a 15% YoY decline in oil & gas average gross operated output at 1,23,413 barrels of oil/day. Vedanta has also successfully raised Rs 3,400 crores through a private placement of Non-Convertible Debentures (NCDs). Further, its UK-based parent, Vedanta Resources, has secured support from 95% of bondholders for its proposed restructuring of four series of bonds.