Domestic markets are expected to open with a lackluster performance on Monday, prior to the release of significant inflation data and in light of bleak global sentiments.

At 7:15 am, the SGX Nifty was recorded at 17,829 levels, displaying a decline of roughly 50 points.

On a global scale, the morning saw a lackluster performance from US equity futures, with the Dow Jones Futures, NASDAQ Futures, and the S&P 500 Futures experiencing a drop of up to 0.6 percent.

In addition, the Asia-Pacific markets have also seen a decrease in performance, as investors closely monitor the release of macroeconomic data this week.

Furthermore, domestically, the sentiment of investors will be influenced by the movement of stocks in Adani Group companies, the value of the rupee, and the actions of foreign funds.

Additionally, here are the top stocks expected to be in focus during Monday’s trade:

Companies with earnings releases today include SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear, GR Infraprojects, Borosil Renewables, Zee Entertainment, and others, who will be reporting their results for the October-December quarter (Q3FY23).

Mahindra & Mahindra (M&M): The automaker is expected to launch its first electric vehicle from its Zaheerabad plant in Telangana by 2024. The management has stated that the manufacturing facility will be utilized for the development of new products and new electric vehicles. Both electric autos and e-Jeeto will be manufactured at the plant.

Sun Pharmaceutical Industries Limited: The pharmaceutical giant has recalled over 34,000 bottles of its generic medication, used to treat high blood pressure, in the US market due to failure in dissolution testing. The affected lot was manufactured at the company’s Halol-based facility in Gujarat and was later distributed in the market through its US-based subsidiary.

Tata Steel: The CEO and Managing Director, TV Narendran, has stated that the merger of seven subsidiary companies with Tata Steel is expected to be completed during the 2023-24 fiscal year. The board had previously approved the proposal to merge these subsidiaries into Tata Steel for greater synergies, increased efficiency, and cost reduction.

National Aluminium Company Limited (NALCO): The company reported a net profit of Rs 284 crore in Q3FY23, compared to Rs 170 crore in the same period of the previous year. Despite strong production growth, the profit margins were affected by lower sales volume, elevated input costs, and a challenging global environment. However, the management is optimistic and anticipates an improvement in the situation in Q4FY23 as prices stabilize.

Glenmark Pharmaceuticals Limited: The company saw a 21.3 percent increase in its consolidated profit after tax, reaching Rs 290.8 crore in Q3FY23 compared to Rs 239.8 crore in Q3FY22. The consolidated revenue also grew by 9.2 percent to Rs 3,463.9 crore in the same quarter. The company stated that its India business continued to experience robust growth in secondary sales.

Brigade Enterprises Limited: The real estate company saw a 48 percent increase in its sales bookings, reaching Rs 1,009.7 crore in Q3FY23, due to higher volumes and price realization amid strong demand for housing. The average sales realization also rose by 5 percent to Rs 6,590 per square foot in Q3FY23.

Oil India Limited: The state-owned company recorded its highest ever quarterly net profit, reaching Rs 1,746.10 crore in Q3FY23 compared to Rs 1,244.90 crore in Q3FY22, due to an increase in oil and natural gas prices. The company’s turnover also increased by 27 percent to Rs 5,981.63 crore. Additionally, the board declared a second interim dividend of Rs 10 per share.

Inox Wind Limited: The company’s consolidated net loss increased to Rs 287.86 crore in Q3FY23, due to higher expenses, which rose to Rs 522.31 crore in Q3FY23 from Rs 283.65 crore in the same period in the previous year.

Sundaram Finance Limited: The company’s subsidiary, Sundaram Home Finance, aims to disburse over Rs 10 crore under the small business loan segment. The management stated that based on positive feedback from locations already launched, they plan to increase disbursements by the end of this year.

Futures and Options (F&O) Ban: On Monday, February 13, Ambuja Cements and Indiabulls Housing Finance were banned during the F&O ban period. This means that trading of these stocks in the Futures and Options segment will not be allowed. The ban is imposed by the Securities and Exchange Board of India (SEBI) on stocks that show high volatility in order to curb excessive speculation and promote stability in the markets.