Stocks to watch, December 20: Infosys, Wipro, Bharti Airtel, Nestle India, Amara Raja, Hyundai Motor India, Exide Industries, and more

At 8:00 AM, the GIFT NIFTY futures were trading at 23,917.50, down 43.50 points, or 0.18%. This implies that the NIFTY50 index will open 102 points lower.

In the overnight trade, US stocks ended flat.

The Dow Jones Industrial Average rose 15.37 points, or 0.04%, to 42,342.24; the S&P 500 fell 5.08 points, or 0.09%, to 5,867.08; and the Nasdaq Composite fell 19.93 points, or 0.10%, to 19,372.77.

Meanwhile, Asian shares were hovering around near three-month lows on Friday as investors awaited key US inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks.

Due to an increase in projects utilising the service, its GenAI business recorded new bookings of $1.2 billion and about $500 million in revenue.

The company's new bookings, a key indicator of future revenue, rose to $18.7 billion for the first quarter from $18.4 billion a year earlier.

The positive results will have a rub-off effect on Indian IT stocks as well.

With this payment, Bharti Airtel has now prepaid all its spectrum dues with interest costs higher than 8.65 percent, the company said in a statement.

The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific,' the FMCG firm said in a statement.

It will be used as an SLI (Starting, Lighting, and Ignition) battery and will be procured under HMIL’s existing procurement agreement with Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the energy and mobility space.

In the last financial year, BASF made sales of ₹2,006.5 crore through its agricultural solutions business, representing 14.6% of the total revenue of the company, it said.

Lidocaine and Prilocaine Cream USP is indicated as a topical anaesthetic for use on normal intact skin for local analgesia and genital mucous membranes for superficial minor surgery and as pretreatment for infiltration anaesthesia.

InterGlobe Aviation Financial Services IFSC or IndiGo IFSC is registered at the GIFT City. It is a aircraft, aircraft engine and ground support equipment lessor.

MDL has signed a contract with ICG to design, build, and deliver a total of fourteen (14) fast patrol vessels. The project is valued at Rs 1070.47 crores. Each vessel will feature a waterjet propulsion drive, built to meet contractual speed above 33 knots, and shall be classified under dual-class (ABS & IRS).

The company will now begin market trials for the product.