Unlocking Potential: Invest in IT Giants Like Infosys & HCLTech, Plus Pharma Leaders Ajanta & Biocon for Explosive Growth

The domestic stock market is anticipated to open positively on Wednesday, December 24, with GIFT NIFTY futures indicating an increase of 29 points for the NIFTY50 index. As trading begins, certain stocks are expected to draw significant attention.

Shares of major IT firms such as Infosys, HCLTech, and TCS are in the spotlight following a pivotal overhaul of the H-1B visa program by the Trump administration. The Department of Homeland Security announced that it will replace the existing random lottery system with a new process prioritizing higher-skilled and higher-paid visa beneficiaries. This change aims to safeguard job opportunities and wages for American workers, with the new regulations set to take effect on February 27, 2026, during the FY 2027 H-1B cap registration season.

In another notable development, Coal India is catching investors’ eyes as its board has approved the listing of its subsidiary, South Eastern Coalfields Limited (SECL), following directives from the Ministry of Coal. This initiative is part of a broader strategy to list both SECL and Mahanadi Coalfields Ltd within the next financial year.

On the corporate front, Belrise Industries is under scrutiny as SBI Mutual Fund and BlackRock recently acquired a combined stake of 6.56% for approximately ₹897 crore. SBI Mutual Fund purchased around 5.13 crore shares, while BlackRock acquired over 70.50 lakh shares. The transaction elevates BlackRock’s total stake in the company to 1.85%.

Union Bank of India announced reductions in home loan rates by 0.30% and vehicle loan rates by 0.40%, made possible through adjustments to its External Benchmark Linked Rate (EBLR). This comes on the heels of a similar announcement from Bank of India, which raised ₹10,000 crore through long-term infrastructure bonds at a competitive interest rate of 7.23%. The inflow from these bonds will be allocated toward financing various long-term projects in alignment with RBI guidelines.

In technology, HCLTech has joined Microsoft’s Discovery platform aimed at accelerating scientific advancements. As part of this collaboration, HCLTech will engage in deep technical onboarding sessions with Microsoft to explore potential joint initiatives in fields like drug discovery and semiconductor design.

In the energy sector, NTPC has revealed plans to develop a green hydrogen project capable of producing one tonne of hydrogen daily at its Greater Noida facility. This project will employ advanced plasma gasification technology, converting waste into syngas for further processing into hydrogen.

Moreover, GAIL (India) Ltd has signed a memorandum of understanding with the Chhattisgarh government to explore a greenfield gas-based fertilizer project, projected to manufacture 12.7 lakh tonnes of urea annually.

Lastly, banking stocks are likely to be affected as the Reserve Bank of India prepares to conduct a ₹2 lakh crore purchase of government securities and execute a $10 billion dollar-rupee swap auction to inject liquidity into the banking sector. This move follows previous liquidity measures, showcasing the RBI’s commitment to maintaining market stability.

As investors approach the trading day, these announcements and developments may provide fresh opportunities and challenges in the evolving market landscape.

Original Source: https://upstox.com/news/market-news/stocks/stocks-to-watch-december-24-infosys-hcl-tech-and-other-it-stocks-ajanta-pharma-coal-india-biocon-belrise-industries-gail/article-186681/
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Publish Date: 2025-12-24 08:38:00