The Indian market is set for a positive start on Thursday, tracking the positive trading in its Asian peers as the US Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday. He said the central bank's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy US economy.
At 07:05 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 1.03 percent at 10,825, indicating a positive opening for the Indian market.
Here are the top stocks to watch out for in today's trade:
IL&FS: Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) Group on Wednesday said that the company has initiated a process to sell its stake in the renewable energy business.
Vedanta: NGT panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a Tamil Nadu government decision to shut it amounted to administrative overreach.
TCS: The company acquired the business of BridgePoint Group LLC, a US management consulting firm catering to the financial services industry, via a purchase of select company assets, the company said in an exchange filing.
Tata Motors: Tata Motors-owned Jaguar Land Rover (JLR) is among three new research and development projects to have won the backing of the UK government's 25-million Pounds grant, aimed at accelerating the development of innovative low-carbon vehicle technologies.
Yes Bank: The bank on Wednesday said its board on December 13 will recommend names for new chairman to be approved by the RBI as well as consider appointment of independent directors.
Bharti Airtel: Bharti Airtel International (Netherlands), a subsidiary of Bharti Airtel, on Wednesday said it has pre-paid over $995 million debt as part of a recently-concluded cash purchase of its bonds.
Jaypee Group Companies: Crisis-hit Jaypee group will have to clear dues of Rs 108 crore by the end of this year or otherwise it may lose the 1,000-acre land allotted for its Formula One Buddh International Circuit and Jaypee Sports City, Yamuna Expressway Industrial Development Authority (YEIDA) officials said.
L&T: The government on Wednesday said it has appointed Larsen & Toubro Group Chairman AM Naik as the chairman of the National Skill Development Corporation (NSDC).
SpiceJet: Budget passenger carrier SpiceJet on Wednesday deposited an additional bank guarantee worth Rs 20 crore to the state-run Airports Authority of India (AAI).
PNB: State-owned Punjab National Bank on Wednesday said it will raise Rs 539.50 crore by issuing 10 crore equity shares to its employees under staff stock purchase scheme. The issue price was decided at the board meeting held.
(With inputs from agencies)
First Published: IST