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market | IST

Top stocks to watch out for on August 31: Yes Bank, ICICI Bank, Jet Airways, Idea Cellular in focus today

Indian benchmark indexes, the BSE Sensex and the NSE Nifty 50 closed lower on Thursday. The Sensex closed down 0.08 percent at 38,690.10, while the broader NSE Nifty ended 0.13 percent lower at 11,676.8. On Thursday, shares from FMCG, IT and pharma sectors gained along with midcaps, but weakness in largecap stocks kept market in check.
These are the stocks making the biggest moves premarket:
Idea Cellular: National Company Law Tribunal (NCLT) on Thursday approved the merger of Idea Cellular and Vodafone.
ICICI Bank: Chanda Kochhar, ICICI Bank managing director and chief executive officer, has been reappointed on the board of ICICI Securities on Thursday, sources privy to the developments told CNBC-TV18. ICICI Bank holds over 79 percent stake in ICICI Securities.
Yes Bank: The bank on Thursday got the RBI nod to reappoint Rana Kapoor as the managing director and CEO till further notice from the central bank.
Jet Airways: The Mumbai Registrar of Companies (RoC) on Thursday ordered a formal inspection of cash-strapped Jet Airways for the alleged siphoning of funds.
Aviation stocks: Some of the members of the parliamentary standing committee on transport, tourism and culture have suggested that the government should look at linking airfares with inflation instead of dynamic pricing system and also cap the ticket prices during a meeting with senior officials of the civil aviation ministry on Wednesday.
IT, pharma, oil stocks: The US dollar ended higher against the rupee at 70.74/75 per dollar. The dollar index against a basket of six major currencies stood little changed at 94.721 as trade war concerns come back to haunt investor sentiment.
Wipro: The IT firm joins BiTA to Drive Blockchain adoption in the transportation industry.
GAIL: Indian Railways and GAIL (India) took a significant step towards expanding usage of environment-friendly fuel, natural gas across all applications of the Indian Railways by signing a Memorandum of Understanding (MoU).
Muthoot Finance: The Board of Directors meeting scheduled on September 4 will consider fund raising by way of issue of Redeemable Non-Convertible Debentures (NCD) upto Rs 5,000 crore (including unissued portion from previous approval of Rs 2,000 crore) through Private Placement in one or more tranches, Moneycontrol reported.
Dilip Buildcon: DBL has received Letter of Acceptance (LOA) for a new EPC Project valued at Rs 1,698 crore by the Maharashtra State Road Development Corporation.
Fortis Healthcare: Gagandeep Singh Bedi resigned as CFO w.e.f. September 30 due to personal reason.
JSW Energy: The company revises offer for Prayagraj Power to over Rs 6,000 crore to outbid Tata Power.
Also, catch all the action and updates in our Market Live blog.