stocks marketing headlines: Reliance, Tata Steel, IRCTC, Hindalco, ABFRL, NBCC, Aster DM, and GNFC.

Today, Tata Steel, Cummins, SAMIL, Alkem Labs, Mazagon Dock, SJVN, GMR Infra, Ipca Labs, KIOCL, Emami, Bata India, GR Infra, Aadhar Housing, Indegene, and others are set to announce their quarterly results. 

The domestic equity market closed lower due to volatility spurred by profit booking in anticipation of election results next week. BSE Sensex retreated by 220.05 points, or 0.29%, settling at 75,170.45, while NSE's Nifty50 index fell by 44.30 points, or 0.19%, ending the session at 22,888.15. Before the opening bell on Wednesday, May 29, 2024, here are the stocks likely to remain in focus.

- Tata Steel, Cummins India, Samvardhana Motherson International, Alkem Laboratories, Mazagon Dock Shipbuilders, SJVN, GMR Airports Infrastructure, Ipca Laboratories, KIOCL, Emami, Bata India, GR Infraprojects, Aadhar Housing Finance, RHI Magnesita, Indegene, Jubilant Pharmova, Redtape, Lemon Tree Hotels, Genus Power Infrastructures Ltd., and others are expected to announce their earnings for the March 2024 quarter.

Additionally, in other news:

- Reliance Industries, the operator of the world’s biggest refining complex, has reportedly signed a one-year deal with Russia’s Rosneft to purchase at least 3 million barrels of oil per month in roubles, as per sources informed Reuters.

- Hindalco Industries, an Aditya Birla Group subsidiary, has seen its subsidiary Novelis Inc file for an IPO in the US. The IPO comprises 45 million shares offered in a price range of $18-21 per share, aiming to raise $945 million at the upper end of the range, with a target valuation of up to $12.6 billion. Novelis has applied to list its common shares on the New York Stock Exchange under the ticker ‘NVL’.