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    Top stocks to watch out for on October 11: TCS, Zee Entertainment, IL&FS, Maruti Suzuki

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    Top stocks to watch out for on October 11: TCS, Zee Entertainment, IL&FS, Maruti Suzuki

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    Indian shares are set to open lower on Thursday, tracking weak sentiment across Asia after Wall Street suffered its worst drubbing in eight months as technology shares tumbled.

    Indian shares are set to open lower on Thursday, tracking weak sentiment across Asia after Wall Street suffered its worst drubbing in eight months as technology shares tumbled.
    At 07.06 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 1.98 percent to 10,272, indicating a weaker opening for the Indian market today.
    Here are the top stocks to watch out for in today's trade:
    • IL&FS: After getting immunity from National Company Law Tribunal (NCLT), the new board of beleaguered Infrastructure Leasing & Financial Services (IL&FS) has also got permission for inducting new directors in subsidiaries and several joint ventures it has under its umbrella.
    • Tata Consultancy Services: The company will declare their second-quarter financial results on Thursday.
    • Zee Entertainment: The company on Wednesday reported a 38.23 percent decline in consolidated net profit at Rs 386.10 crore for the second quarter ended September 30, 2018.
    • Usha Martin, Tata Steel: Usha Martin Ltd (UML) on Wednesday said it will seek shareholders' approval on November 10 with regard to the sale of its steel business to Tata Steel.
    • Maruti Suzuki India: The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said its premium sedan Ciaz has sold over 24,000 units in the first half of the ongoing financial year to lead the sales in the segment.
    • Aviation stocks: The government on Wednesday reduced the excise duty on Aviation Turbine Fuel (ATF) or jet fuel to 11 percent from 14 percent earlier. The move will help airlines to keep airfares under check and reduce financial pressure.
    • NTPC: State-run NTPC on Wednesday said its joint venture with Bharat Forge has initiated a voluntary liquidation process under Insolvency and Bankruptcy Code (IBC).
    • Cadila Healthcare: Zydus Cadila group had bid an offer worth Rs 4,500 crore for the Kraft Heinz Company’s consumer brand business in India, The Economic Times reported.
    • Uttam Galva Steels: Uttam Galva Steels' net loss widened to Rs 580.58 crore in the quarter ended on September 30, 2018, mainly due to high finance cost and a sharp decline in revenue.
    • Oriental Bank of Commerce: State-owned Oriental Bank of Commerce (OBC) has raised the marginal cost of funds based lending rate (MCLR) by 0.10 per cent for various tenors with effect from Thursday.
    •  
      (With inputs from agencies)
       
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