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market | IST

Top stocks to watch out for on December 3: Sun Pharma, Maruti Suzuki, Tata Motors, SBI

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At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.71 percent at 10,987.50, indicating a positive opening for the Indian market.

The Indian market is set for a positive start on Monday, taking cues from its Asian peers after the top economic leaders US and China brokered a truce in their trade conflict, bringing relief for the global economic outlook and a tonic for emerging markets.
At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.71 percent at 10,987.50, indicating a positive opening for the Indian market.
Here are the top stocks to watch out for in today's trade:
State Bank of India: A consortium of Indian banks led by the State Bank of India (SBI) has secured a UK High Court order as part of efforts to help them pursue some of the funds owed to them in unpaid debts by embattled Indian liquor tycoon Vijay Mallya.
Tata Motors: The company on Saturday reported a four percent decline in its domestic sales for November on a year-on-year basis.
Bank of Maharashtra:  State-owned Bank of Maharashtra on Sunday announced that AS Rajeev has joined the lender as its Managing Director and Chief Executive Officer.
Steel companies: The steel sector, which is on a consolidation mode now under the IBC process amidst strong domestic demand, is unlikely to witness any greenfield expansion as mill-owners are likely to go in for brownfield expansion at least for the next half a decade or so, say industry players and analysts.
Maruti Suzuki: Automobile major Maruti Suzuki India on Saturday reported a decline of 0.7 percent in its total sales including exports for November.
Sun Pharma:  Markets regulator Sebi is likely to reopen an insider trading case against Sun Pharmaceutical Industries as well as probe alleged lapses by some of its promoters and other entities in raising funds overseas, sources said.
Tata Consultancy Services: The combined market capitalisation of the 10 most valued Indian companies soared by a whopping Rs 2,14,203 crore last week, with TCS topping the list.
REC: The proposed acquisition of Power Finance Corporation (PFC) by state-run Rural Electrification Corporation (REC) would require the approval of banking regulator RBI and competition watchdog CCI, officials told PTI.
Hero MotoCorp: The country's largest two-wheeler maker Hero MotoCorp on Saturday reported a marginal increase in its sales to 6,10,252 units in November. The company had sold 6,05,270 units in November 2017, Hero MotoCorp said in a statement.
Cadila Healthcare: Drug firm Zydus Cadila on Saturday said that it has received an approval from the US health regulator to market Teriflunomide tablets, used to treat relapsing forms of multiple sclerosis (MS).
(With inputs from agencies)