The Indian market is set for a negative start, tracking weak global cues as the shares were affected by the hike in the US Fed rate and the US top bank's plan to continue its balance sheet reduction.
Indian investors were also cautious after the government on Thursday sought Parliament nod for Rs 41,000 crore additional recap bonds for Public Sector Banks.
At 07:26 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.11 percent at 10,982, indicating a weak opening for the Indian market.
Here are the top stocks to watch out for in today's trade
ABG Shipyard: The lenders of debt-laden ABG Shipyard on Thursday rejected a proposal by Liberty House to 51 percent equity of the company, said sources familiar with the matter.
Infosys, Bharti Airtel: Tech giant Infosys on Thursday appointed Nilanjan Roy as its chief financial officer (CFO), the company said in a statement. Roy, who was the global chief financial officer of Bharti Airtel, will join the Bengaluru-headquartered company on March 1, 2019.
Bharti Airtel: Telecom operator Bharti Airtel board on Thursday constituted a committee to explore options for raising funds to strengthen company's balance sheet. According to reports, the company has plans to raise around $2 billion.
Tata Motors: Home-grown auto major Tata Motors on Thursday joined hands with self-drive rental car firm Zoomcar to offer the electric version of its compact sedan Tigor in Pune city as part of the shared mobility plans.
Bank stocks: Bank credit rose at a healthy 15.07 percent to Rs 92.03 trillion in the fortnight to December 7, while deposits grew 9.66 percent to Rs 118.84 trillion, according to the latest RBI data.
IL&FS: Debt-laden Infrastructure Leasing & Financial Services (IL&FS) Group on Thursday said that it has initiated a process to sell its stake in education business and in the alternative investment management business.
Syndicate Bank: State-owned Syndicate Bank on Thursday said it will raise up to Rs 500 crore by issuing 30 crore shares to its staff under the employee stock purchase scheme.
PFC, REC: Power Finance Corporation on Thursday said the board of directors has approved the strategic sale of government's stake in Rural Electrification Corporation to the state-owned financial institution.
Vedanta: The company's subsidiary Sterlite Copper on Thursday said it is planning to spend Rs 100 crore to set up social infrastructure, including establishing a world-class hospital and planting one million trees in Thoothukudi, Tamil Nadu.
NHPC: State-owned NHPC on Thursday said its offer to buy back 21.42 crore equity shares at Rs 28 apiece, aggregating to Rs 600 crore, will open on January 1. The share repurchase programme will close on January 14, 2019, the hydro power giant said in a regulatory filing.
(With inputs from agencies)
First Published: IST