The Indian market is set for a negative start ahead of the Reserve Bank of India board meeting later in the day. On Thursday, ministers, led by FM Arun Jaitley, attacked Urjit Patel on RBI functioning and termed the central bank's policies as "unreasonable".
On the global front, Asian shares were defensive on Friday as investors kept a wary eye on economic tensions between US and China.
At 07:26 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.39 percent at 10,784, indicating a negative opening for the Indian market.
Here are the top stocks to watch out for in today's trade
HDFC: Mortgage lender HDFC Ltd will raise up to Rs 1,500 crore by issuing bonds on a private placement basis. The 'HDFC Series U-006 June 18, 2020' secured redeemable non-convertible debentures will open for subscription on December 17 and close the same day, HDFC said in a regulatory filing on Thursday.
IL&FS Transportation: IL&FS Transportation Networks, part of the troubled IL&FS Group, on Thursday announced the appointment of Shaivali Parekh as its Chief Financial Officer.
Interglobe Aviation: India's largest airline IndiGo is in need of a full-time CEO but its founder Rahul Bhatia says the carrier is not going to rush through the decision.
IL&FS: Debt-laden Infrastructure Leasing & Financial Services (IL&FS) launched an auction to sell its fleet of 36 luxury cars, inviting bids from prospective buyers.
SpiceJet: Budget passenger carrier SpiceJet on Thursday said it will operate six new direct flights connecting Chennai with key pilgrim centres like Varanasi and Shirdi besides tourist spots including Port Blair and Bagdogra.
Punjab National Bank: Nirav Modi-scam hit Punjab National Bank (PNB) has mobilised Rs 500 crore through its Employee Stock Purchase Scheme (ESPS). As part of the scheme, the bank issued up to 10 crore new equity shares to its employees at a discounted price of Rs 53.95 per share.
Telecom companies: In a relief for telecom companies such as Bharti Airtel and Vodafone Idea, Telecom Disputes Settlement and Appellate Tribunal on Thursday struck down Telecom Regulatory Authority of India (Trai) order related to predatory pricing and discounted tariffs.
Yes Bank: Yes Bank Ltd said on Thursday a new chief executive officer will be appointed within the central bank's deadline of Feb. 1, but did not disclose further details, sending the private sector lender's shares sharply lower.
IOC: The company, in an exchange filing, said the buyback of 3.06 percent equity shares at Rs.149 per share total is not exceeding Rs.4435 crore.
Adani Enterprises: The company, in an exchange filing, said its subsidiary has acquired a stake in Alpha Design Technologies Private Limited and the cost of acquisition is Rs 400 crore.
(With inputs from agencies)
First Published: IST