Indian indices, the Sensex and Nifty, concluded the session with little change on Tuesday, December 23, as profit booking at elevated levels limited the potential for gains. Meanwhile, mid- and small-cap stocks recorded slight gains amidst varied global indicators. The Sensex dipped slightly by 43 points, or 0.05%, closing at 85,524.84, while the Nifty 50 rose by 5 points, or 0.02%, finishing at 26,177.15. Meanwhile, the Midcap index rose 0.07%, and the Smallcap index gained 0.38%.
“Markets traded in a subdued manner on the weekly expiry day and ended almost unchanged, pausing the recent rebound. After a stable beginning, the Nifty fluctuated within a narrow range, showing a slight upward trend, and ultimately closed at 26,177.15. Sectoral participation continued to show rotation, with buying interest observed in metals, FMCG, and energy, while IT and pharma experienced selective pressure. The broader markets moved largely in line with the benchmark and closed flat to marginally positive,” stated Ajit Mishra.
In light of current market conditions – Here’s a list of stocks that could capture investor attention and are expected to see some activity today.
Stocks to Monitor :
- Federal Bank – The Competition Commission of India (CCI) on Tuesday approved US-based Blackstone’s proposal to acquire a 9.99% stake in private sector lender Federal Bank through warrants. The investment will be executed through Blackstone’s subsidiary, Asia II Topco XIII Pte Ltd. The fund flow in the company is anticipated to capture the interest of investors on Dalal Street.
- Adani Ports and Special Economic Zone has taken a significant step in its capital expenditure expansion by finalizing the acquisition of Australia’s North Queensland Export Terminal. This move has prompted an upward revision of its FY26 outlook, with EBITDA now anticipated to be in the range of Rs 22,350 to Rs 23,350 crore and cargo volumes projected at 545–555 MMT.
- Tata Steel – The Competition Commission of India has approved Tata Steel’s acquisition of the remaining 50% stake in Tata BlueScope Steel, allowing it to take full ownership of the company, which was earlier run as an equal joint venture with Australia’s BlueScope Steel. The development is anticipated to enhance the company’s capacity and revenue over the long term.
- Aurobindo Pharma announced that it will acquire an additional 20% stake in its China-based joint venture for $5.12 million. The development is anticipated to enhance the company’s capacity and revenue over time.
- Ola Electric Mobility announced that its wholly owned subsidiary, Ola Electric Technologies, has sanctioned the issuance of 10 crore optionally convertible redeemable preference shares, amounting to Rs 100 crore, as part of the third tranche of IPO proceeds infusion. The fundraising initiative is anticipated to capture the interest of equity investors.
- Reliance Industries stood out as a leading bidder in the recent coal block auction conducted by the central government, designed to encourage domestic coal gasification and the generation of cleaner energy. The development is anticipated to strengthen the company’s strategy for business diversification.
- Coal India, aiming to generate funds via a business demerger, announced that its board has given in-principle approval to list its wholly owned subsidiary, South Eastern Coalfields Limited. This move aligns with the Ministry of Coal’s directive to expedite the government’s divestment strategy.
- Biocon announced that its subsidiary, Biocon Biologics Ltd, has secured full and exclusive worldwide rights to Hulio, a biosimilar of Adalimumab, from Fujifilm Kyowa Kirin Biologics.
- GPT Infraprojects has obtained a contract worth Rs 199.2 crore from the North Eastern Railway to construct bridge substructures, as well as to fabricate and launch superstructures, for important bridges spanning the River Rapti between Balrampur and Bahraich stations, as part of the new rail line initiative on the Khalilabad–Bahraich section.
- GAIL India has signed a memorandum of understanding with the Government of Chhattisgarh to establish a new gas-based fertilizer project in the state.
- Belrise Industries shares will be in focus as SBI Mutual Fund and BlackRock on Tuesday acquired a combined stake of 6.56% in Belrise Industries from a promoter entity of the automotive systems manufacturer for approximately Rs 897 crore through open market transactions. Based on the block deal data from the NSE, SBI Mutual Fund (MF) has acquired approximately 5.13 crore shares, equating to a 5.76% stake, in Belrise Industries. Meanwhile, BlackRock, via its subsidiary BlackRock Emerging Markets Fund Inc., has obtained over 70.50 lakh shares, which accounts for a 0.79% stake in the company. The shares were acquired at an average price of Rs 153.70 each, resulting in a total deal value of Rs 896.73 crore. After the recent transaction, BlackRock’s stake in Belrise Industries increased to 1.85% from 1.06%.
- Union Bank of India has announced a decrease of 0.30% in home loan rates and 0.40% in vehicle loan rates. The adjustment in the final lending rates on the External Benchmark Linked Rate (EBLR) has been achieved through a modification of the spreads, according to an official statement.
- Bank of India announced that it has successfully raised funds by issuing long-term infrastructure bonds amounting to Rs 10,000 crore, with a coupon rate set at 7.23% per annum. The base issue size was Rs 5,000 crore with a green shoe option of Rs 5,000 crore, according to the bank’s statement. The bank received a total of 83 bids, amounting to Rs 15,305 crore. The lender accepted 37 bids totaling Rs 10,000 crore from this pool. The funds raised through long-term bonds will be allocated for financing long-term projects in infrastructure sub-sectors and affordable housing, as per RBI guidelines, it stated. The bank clarified that the funds raised through this issue are not intended for financing any specific project.
- HCL Technologies announced its participation in the Microsoft Discovery platform, an advanced agentic AI platform aimed at speeding up scientific breakthroughs. In this partnership, HCLTech will engage in comprehensive technical onboarding sessions with Microsoft’s Discovery team to synchronize platform architecture and partner collaboration strategies while investigating joint go-to-market prospects. After onboarding, HCLTech will engage in projects aimed at speeding up solutions in fields like chemistry and materials science, drug discovery, and semiconductor design, utilizing its robust domain expertise across various industries. Through the Discovery initiative, HCLTech aligns with a distinguished cohort of research institutions and technology innovators that are defining the future of innovation.
- NTPC has revealed its intention to establish a green hydrogen project with a capacity of 1 tonne per day in Greater Noida, Uttar Pradesh. The initiative will be established via NTPC Energy Technology Research Alliance (NETRA), which serves as the Research & Development (R&D) division of NTPC. NETRA announced plans to establish a plasma gasification-based green hydrogen plant at its Greater Noida campus. According to NTPC, the facility is set to generate 1 tonne of green hydrogen daily. The advanced plasma gasification technology will transform waste into tar-free syngas, which will then be processed to generate hydrogen using PSA/membrane technology, it stated.
- Banking stocks will attract attention as the Reserve Bank of India (RBI) announced on Tuesday its plan to purchase government securities totaling Rs 2 lakh crore and conduct a $10 billion buy/sell dollar-rupee swap auction to enhance liquidity in the banking system. The OMO (Open Market Operations) purchase and swap auctions are scheduled to take place from December 29, 2025, to January 22, 2026. The Reserve Bank of India (RBI) has announced its decision, stating that it will keep a close watch on changing liquidity and market conditions, taking necessary actions to maintain orderly liquidity conditions. The recent announcement follows the RBI’s Rs 1 lakh crore OMO purchase auctions of Government of India securities and a USD/INR buy/sell swap auction of $5 billion for a tenor of three years.
- NIBE Ltd announced that its board has sanctioned the proposal for raising funds up to Rs 249.84 crore. Emcure Pharma: The company has obtained an Establishment Inspection Report (EIR) for its manufacturing facility situated at Kadu, Surendranagar, Gujarat. The US FDA has categorized the inspection of the facility as “No Action Indicated” (NAI).