Stocks to watch on November 21: Adani Group stocks, Dr Reddy's, Godrej Properties, Tata Power, GRSE, UPL, Bharti Airtel

This indicates that the NIFTY50 index will open 25 points higher. 

Global shares edged lower on Wednesday as markets weighed tensions between Russia and the West, while bitcoin hit a new record high and the dollar gained after three straight sessions of losses.

Shares of Nvidia were down 0.4% in after-market trading after the artificial intelligence powerhouse forecast fourth-quarter revenue that was largely in line with analyst estimates. The stock of the world's most valuable company had closed down 0.8% in regular hours trading on Wednesday.

In commodities, oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine.

Brent crude futures for January rose 28 cents, or 0.4%, to $73.09. US West Texas Intermediate crude futures for January rose 28 cents, or 0.4%, at $69.03.

The domestic equity market was closed on Wednesday, November 20, on account of assembly elections in Maharashtra.

"Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years and develop India's largest solar power plant project," Reuters reported. 

"The US Food & Drug Administration (USFDA) today completed a GMP inspection at our API manufacturing facility (CTO-2) in Bollaram, Hyderabad," Dr Reddy's Laboratories Ltd (DRL) said in a regulatory filing.

It added that the inspection took place from November 13–19, 2024.

The ferries will be operated on the River Hooghly by the West Bengal Transport Infrastructure Development Corporation Ltd. (WBTIDCL).

Additionally, NLC India said that, as part of an asset monetisation plan, it will transfer renewable assets to NIRL in exchange for a stake in the green energy company.

Adani Infra, a unit of Adani Group's flagship firm Adani Enterprises, will buy the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder, the construction firm said in a stock exchange filing.

The ports-to-energy group will also make an open offer post the acquisition.

According to the contract, Nokia will deploy equipment from its 5G AirScale portfolio, including base stations, baseband units, and the latest generation of Massive MIMO radios, all powered by its energy-efficient 'ReefShark System-on-Chip technology.'.

DGPC is a subsidiary of Druk Holding and Investments Ltd, the sole generation utility of Bhutan.

The collaboration marks the largest partnership between two of the leading power companies of the two nations in Asia's clean energy sector, Tata Power said in a statement.

The company has received a communication from the Office of the Director, Directorate of Mines & Geology, Government of Goa, JSW Steel said in an exchange filing.

"The company is declared as 'Preferred Bidder' with the highest final offer price at 92.60% of the value of mineral dispatched," it said.