The GIFT Nifty futures were trading in the red before the market’s opening on Tuesday. Indices are expected to open on a similar negative note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex settled lower on Monday, breaking a three-day winning streak. Nifty declined 38 points or 0.18% to close at 21,418.65, while Sensex dropped 0.24% or 168.66 points lower to 71,315.09.

Here are some stocks to watch on December 19.

Sun Pharmaceutical Industries: The drugmaker will acquire a 16.7% stake in Massachusetts-based Lyndra Therapeutics for $30 million to expand its global presence.

Apollo Tyres: White Iris Investment, a Warburg Pincus entity, is looking to dilute a 3% stake in a block deal for Rs 832 crore or about $100 million, at a floor price of Rs 440 per equity share. 

Devyani International: The company’s Dubai subsidiary, Devyani International DMCC, has ventured into the Quick Service Restaurants /Limited-Service Restaurants market in Thailand by acquiring a controlling stake in Restaurants Development Co Ltd, Thailand, for Rs 1,066.10 crore. 

KPI Green Energy: The utility company launched its QIP with a floor price set at Rs 1245 per share, aiming to raise up to Rs 300 crore.

Olectra Greentech: The National Company Law Tribunal (NCLT) has dismissed Olectra Greentech’s petition against MLR Motors to recover Rs 10 crores.

Kaynes Technology: The industrial products company has launched a Rs 1,400 crore Qualified institutional placement (QIP) at a floor price of Rs 2449.96 per share. Further, the company announced the acquisition of Digicom Electronics for US$ 2.5 million.

Biocon: A subsidiary of the company, Biocon Biologics, has completed the transition of the acquired biosimilar business across 120 countries in advanced and emerging markets a year ahead of schedule.

Nestle India: The FMCG company has fixed January 5, 2024, as the record date for its 1:10 stock split. 

Vedanta: The mining company’s board has announced a second interim dividend of Rs 11 per share for the financial year 2024, totalling Rs 4,089 crore, with the record date fixed as December 27.