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Top stocks to watch out for on June 7: SBI, Wipro, Indiabulls Real Estate

Updated : 2019-06-07 07:41:51

Indian shares are likely to open little changed on Friday, tracking flat trades in global markets and after the Reserve Bank of India’s monetary policy decision. The central bank had cut the repo rate by 25 bps and changed its stance to ‘accommodative’ from ‘neutral’. However, the decision didn’t cheer the markets and Indian benchmark indices BSE Sensex and NSE’s Nifty 50 recorded their biggest one-day loss. Asian shares traded marginally higher as investor await updates on US-Mexico trade tensions and US jobs data. At 7.15 AM, the SGX Nifty futures traded 21 points, or 0.18 percent, lower at 11,863, indicating a muted start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade.

Wipro: Founder Azim H Premji, who turned a small maker of vegetable oil into a $8.5 billion software behemoth, will retire as the company head by July-end and handover reins of the firm to his son, Rishad.
Wipro: Founder Azim H Premji, who turned a small maker of vegetable oil into a $8.5 billion software behemoth, will retire as the company head by July-end and handover reins of the firm to his son, Rishad.
Indiabulls Real Estate: US-based investment firm Blackstone may acquire Indiabulls Real Estate's promoters' stake at an estimated enterprise value of around $1 billion, PTI reported, citing sources. Blackstone might buy promoters' total 39 percent stake in Indiabulls Real Estate through a joint venture with Bengaluru-based realty firm Embassy Group, they added. (Image: Company)
Indiabulls Real Estate: US-based investment firm Blackstone may acquire Indiabulls Real Estate's promoters' stake at an estimated enterprise value of around $1 billion, PTI reported, citing sources. Blackstone might buy promoters' total 39 percent stake in Indiabulls Real Estate through a joint venture with Bengaluru-based realty firm Embassy Group, they added. (Image: Company)
State Bank of India: SBI said it has been closely monitoring its exposures to the NBFC sector for the past many months and is taking appropriate measures to safeguard its interest. The statement comes after mortgage lender Dewan Housing Finance had defaulted on bond repayments on June 4. (Image: PTI)
State Bank of India: SBI said it has been closely monitoring its exposures to the NBFC sector for the past many months and is taking appropriate measures to safeguard its interest. The statement comes after mortgage lender Dewan Housing Finance had defaulted on bond repayments on June 4. (Image: PTI)
Cyient: The IT company said it has invested in Israel-based Cylus, which provides cybersecurity solutions for the rail industry. The company, however, did not disclose the size of the investment (Image: Company)
Cyient: The IT company said it has invested in Israel-based Cylus, which provides cybersecurity solutions for the rail industry. The company, however, did not disclose the size of the investment (Image: Company)
IOC, HPCL: Oil refiners Indian Oil Corp and Hindustan Petroleum said they will contest tax authorities demand of over Rs 4,000 crore in excise duty on ethanol used for doping petrol, saying the sugarcane extract for mixing in fuel is exempt from tax. (Image: Reuters)
IOC, HPCL: Oil refiners Indian Oil Corp and Hindustan Petroleum said they will contest tax authorities demand of over Rs 4,000 crore in excise duty on ethanol used for doping petrol, saying the sugarcane extract for mixing in fuel is exempt from tax. (Image: Reuters)
CreditAccess Grameen: The company has completed a securitisation of Rs 110.35 crore on June 6. (Image: Company)
CreditAccess Grameen: The company has completed a securitisation of Rs 110.35 crore on June 6. (Image: Company)
Sagar Cement: Cement production for May up 12.91 percent YoY at 27,7146MT. Cement sales up 13.29 percent YoY at 27,5330MT.
Sagar Cement: Cement production for May up 12.91 percent YoY at 27,7146MT. Cement sales up 13.29 percent YoY at 27,5330MT.
SRL Diagnostics: Private equity firms NY Jacob Ballas, Siguler Guff & Co and International Finance Corporation have started the process of selling their combined 31.5 percent stake by September end, reported The Economic Times, quoting sources.
SRL Diagnostics: Private equity firms NY Jacob Ballas, Siguler Guff & Co and International Finance Corporation have started the process of selling their combined 31.5 percent stake by September end, reported The Economic Times, quoting sources.
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