The Indian market is set for a positive start on Thursday, taking cues from its Asian peers as a steep slide in crude oil prices which had chilled investor sentiment, slowed. However, stock market gains in Asia were limited after Wall Street extended their recent decline.
At 07.07 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.34 percent to 10,637.50, indicating a positive opening for the Indian market.
Here are the top stocks to watch out for in today's trade:
Yes Bank: Ashok Chawla on Wednesday resigned as non-executive chairman of Yes Bank, the private sector bank said.
Eicher Motors: The company's subsidiary Royal Enfield on Wednesday launched two new motorcycle models, Interceptor 650 and the Continental GT 650, priced at Rs 2.6 lakhs and Rs 2.65 lakh (both ex-showroom), respectively.
Vodafone Idea: Vodafone Idea Ltd reported a second-quarter loss on Wednesday, in its first quarterly result since Vodafone Plc merged its Indian operations with Idea Cellular in August.
BEML: Bharat Earth Movers Limited (BEML) is likely to open a coach-manufacturing unit in Odisha.
SREI Infrastructure: The company will declare its second-quarter results on Thursday.
United Breweries Ltd: The company on Wednesday posted a 74.52 percent jump in standalone net profit at Rs 163.77 crore for the September quarter, led by volume and pricing growth.
JM Financial: JM Financial Credit Solutions, the non-bank arm of the JM Financial Group, Wednesday said it plans to raise up to Rs 1,250 crore through bonds.
Dena Bank: The bank on Wednesday said it has started an independent internal valuation for the proposed amalgamation with two other state-owned lenders, and the report is likely in the next four-five weeks.
IHCL: The company Wednesday narrowed its consolidated net loss to Rs 38.04 crore during the quarter ended September, against a loss of Rs 51.18 crore in the year-ago period.
NHPC: The company's board approved a buyback of shares at Rs 28 per share for 21 crore shares.
(With inputs from agencies)