The Indian market is set for a positive start on Thursday after the new Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday promised to uphold central bank's autonomy, credibility, and values.
The investors were also upbeat on positive macro cues after the consumer price index (CPI) inflation rate for November fell to a one-and-half year low of 2.33 percent against October’s 3.77 percent.
On global front, British Prime Minister Theresa May surviving a no-confidence vote came as a breather for global investors. Additionally, China appeared to be taking more steps to meet US demands to open its markets.
At 07:28 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.38 percent at 10,830, indicating positive in the Indian market.
Here are the top stocks to watch out for in today's trade:
Sun Pharma: Market regulator Securities and Exchange Board of India (Sebi) on Wednesday said they have received a whistleblower complaint against Sun Pharma. The regulator is examining the complaint before taking any action in Sun pharma case. However, a PTI report said Sebi is likely to reopen an insider trading case against Sun and also probe alleged lapses by some of Sun’s promoters in raising funds overseas.
ICICI Bank: With regards to ICICI Bank-Videocon case, Ajay Tyagi, Sebi chairman, said the bank has not filed any consent application. According to The Economic Times, ICICI is set to hire a forensic auditor to probe the whistleblower allegations.
DLF: The company, in an exchange filing, said it will offer 17.3 crore shares for QIP, subject to the shareholder's approval.
Punjab & Sind Bank: The company, in an exchange filing, said it will raise 500 crore via QIP.
Strides Pharma: The company received an approval for lidocaine Ointment.
Lupin: Drug maker Lupin Wednesday said a court in Europe has upheld a decision to impose a fine of 40 million euros (over Rs 325 crore) on the company by European Commission (EC) in a litigation over blood pressure lowering drug Perindopril.
Tata Group: Tata Trusts on Wednesday announced the appointment of former defence secretary Vijay Singh and TVS Group Chairman Venu Srinivasan as vice chairmen of different trusts under its fold.
JSW Group: The Sajjan Jindal-run JSW Group is planning to divest a quarter of the promoter holdings in its cement business through a public issue of around Rs 4,500 crore by 2020.
Tata Motors: Tata Motors is launching an initiative to support top Indian wrestlers to help them bring more laurels for the country in mega sporting events like Olympics, a top company official Wednesday said.
Yes Bank: The bank's search committee will hold its key board meeting on Thursday to shortlist three candidates for the CEO post.
(With inputs from agencies)