Stocks to watch: The domestic equity market is expected to open in the red on Tuesday. At 08:34 AM, the GIFT Nifty was trading 38.5 points, or 0.20 per cent lower at 19,643 levels. Moreover, on the global front, Asian share markets were mostly weaker while the U.S. dollar was higher as investors awaited inflation readings from China and the United States to deliver an updated outlook on the health of the global economy.

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Here's a look at the top stocks that may remain in focus today. 

Earnings today: It's going to be an earnings-heavy day as an array of companies are slated to release their June quarter numbers today. Some of the prominent names include Coal India, Hindalco, Data Patterns, Happiest Minds Technologies, and Ideaforge Technology, among others. 

HDFC Bank: The bank's weightage is expected to increase in the FTSE Emerging All Cap Index. The increase in weightage will be done in three phases: in September, December, and March index reviews. The weightage will increase from 0.81 per cent to 1.52 per cent. The inflows post-weightage increase will be between Rs 3,700 crore and Rs 4,150 crore.

Tata Chemicals: Tata Chemicals, part of the Tata Group, on Monday, reported a 9.67 per cent decline in consolidated net profit at Rs 532 crore during the April-June quarter of the current financial year. The company's net profit stood at Rs 589 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing. Revenue from operations of the company grew by 5.58 per cent during the quarter under review at Rs 4,218 crore compared to 3,995 crore in the same period of the previous year. READ MORE

One97 Communications, the parent company of Paytm, is likely to hog the limelight as PwC has resigned as the company's auditor.

Godrej Consumer Products: FMCG major Godrej Consumer Products Ltd on Monday reported a 7.62 per cent decline in consolidated net profit to Rs 318.82 crore in the June quarter due to expenses incurred on exceptional items. The company, which had posted a net profit of Rs 345.12 crore in the April-June period last year, said its board on Monday approved a capital expenditure of Rs 900 crore for setting up new manufacturing sites in Tamil Nadu and Madhya Pradesh.

PB Fintech: The company reported a loss of Rs 12 crore for the quarter ended June 30 against a loss of Rs 204 crore. Revenue was up 20 per cent for the quarter under review.

Railtel: The company has won a 10-year order for Pimpri Chinchwad Smart City, Pune.

BEML: The company said on August 7 that it had received a rolling stock order worth Rs 3,177 crore from Bangalore Rail Corporation Limited. In an exchange filing, Bengaluru-based BEML stated, "BEML has secured the Letter of Acceptance from Bangalore Metro Rail Corporation for the supply of rolling stock contract 5RS-DM valued at Rs 3,177 crore."