Indian stock markets are anticipated to open subdued due to FII selling and weak global cues, despite DIIs extending their buying streak. Several stocks are in focus: Bharat Forge secured its largest small arms contract with the Ministry of Defence. RITES received a Letter of Award for locomotive supply to Zimbabwe valued at USD 3.6 million. IndiGo faces a GST penalty exceeding Rs 458 crore, which the airline plans to contest.