The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading lower by 50 points at 24,423, indicating that the domestic benchmark indices are likely to make a negative  start on Thursday. 

Earlier on Wednesday, 12 August, the domestic benchmark indices S&P BSE Sensex slumped by 188 points or 0.24%, and settled at 77,966 while the Nifty50 traded 0.15% lower or 36 points, closing at 24,435.

Here are some stocks that are likely to remain in focus on 13 August.

Jio Financial Services: JFSL and Bank of America Corporation (BofA) have signed a definitive agreement for BofA to acquire up to a 49.9% stake in JFSL’s wholly owned NBFC lending subsidiary, Jio Credit. BofA will acquire the stake through a preferential issue of equity shares and warrants and will join the subsidiary as a joint venture partner.

Vascon Engineers: The company has received a Letter of Intent (LoI) worth Rs 126.39 crore from the Public Works Department, Wardha-Nagpur, for the construction and development of a 300-bed general hospital in Wardha, Nagpur, Maharashtra.

UltraTech Cement: Pilani Investment and Industries Corporation is likely to sell 17 lakh shares, representing a 0.6% stake in UltraTech Cement, through a block deal. The transaction is estimated at around Rs 1,909 crore, with a floor price of Rs 11,481 per share, CNBC-TV18 reported, citing sources.

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