Stocks to Watch Today, July 8: Axis Bank, Adani Enterprises, Sun Pharma, HCL Tech, IOCL in Focus

Market is headed into Wednesday's session in a cautious manner with global cues turning supportive even as domestic indices closed marginally lower yesterday.

The Sensex slipped around 104 points to settle near 78,180, while the Nifty eased about 32 points to hover close to 24,398, holding just under its immediate resistance zone

Overnight, US stock markets closed higher, with the Dow, S&P 500 and Nasdaq all advancing. In the Asian market today, Japan's Nikkei extended its climb past the 68,000 mark, offering support for Indian equities in today's session.
Away from the index-level moves, a bunch of company-specific developments will keep several individual stocks in sharp focus today. Here are stocks to watch today.

Axis Bank

The private lender is going to be in focus today after the Reserve Bank of India approved the reappointment of N S Vishwanathan as Non-Executive (Part-time) Chairman of the bank.

Adani Enterprises

The Adani Group flagship has wrapped up one of the year's largest institutional fundraises. The company upsized its Qualified Institutional Placement to Rs. 15,000 crore from an initially planned Rs. 10,000 crore after strong investor demand, setting the issue price at Rs .2,883 per share, a 5% discount to the SEBI-mandated floor price of Rs. 3,034.68. The offer was oversubscribed roughly 3.8 times, drawing bids worth close to Rs .38,000 crore from global investors including Capital Group, Goldman Sachs, BlackRock, Blackstone and Nomura.

Sun Pharmaceutical Industries

Sun Pharma's shares will be in focus today after the company's $11.75 billion acquisition of US-based Organon & Co. has finally fallen into place. State Bank of India has joined a syndicate of 11 global banks, each committing roughly $1 billion, to fund the debt portion of the deal.

HCL Technologies

HCLTech's software arm, HCLSoftware, has completed its acquisition of Jaspersoft, a business unit of Cloud Software Group known for embedded analytics and reporting tools. The deal, first announced in December 2025, closed on July 2, with a deemed effective date of July 1.

IOL Chemicals and Pharmaceuticals

Polunin Capital Partners has picked up a 1.5% stake in the API and speciality chemicals maker through open market transactions on July 7. The IOCL stock has already rallied sharply over the past several weeks.

ideaForge Technology

The drone technology company has opened its Qualified Institutional Placement to raise fresh capital, setting a floor price of Rs. 835.86 per share, with room for up to a 5% discount.

Ganesh Infraworld

The infrastructure company's subsidiary, Tykoon Mines GK, has secured a sub-contract worth close to Rs. 100 crore for engineering, procurement and construction work.

Capital Small Finance Bank

Lyptus Punch-Card Fund has bought 8.33 lakh shares, roughly 1.83% of the bank's equity, from Amicus Capital Private Equity I LLP for approximately Rs .25 crore.