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    Top stocks to watch out for on October 24: HCL Tech, Kotak Mahindra Bank, Wipro

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    Top stocks to watch out for on October 24: HCL Tech, Kotak Mahindra Bank, Wipro

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    Indian shares looked set for a positive start on Wednesday, taking cues from  Asia following a gradual recovery on Wall Street and lower crude oil prices. Stocks such as Interglobe Aviation, Kotak Mahindra Bank, Wipro are likely to move in trade today.

    Indian shares looked set for a positive start on Wednesday, taking cues from  Asia following a gradual recovery on Wall Street and lower crude oil prices.
    At 07.03 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.67 percent to 10,240.50, indicating a positive opening for the Indian market today.
    Following stocks are likely to move in trade today:
    Ambuja Cement: The company on Tuesday reported a 12.73 percent increase in consolidated net profit to Rs 396.01 crore for the quarter ended September 2018, helped by growth in sales volume.
    Aviation companies: Listed carriers -- IndiGo, SpiceJet and Jet Airways -- have seen a downgrade in their credit ratings as they grapple with rising expenses and limited room to hike fares amid intense competition.
    IL&FS: In an exclusive interview with CNBC-TV18, Romesh Sobti MD & CEO of IndusInd Bank, said IL&FS resolution will bring definitive cash flows and the bank has taken total provisions of Rs 350 crore on debt-laden NBFC.
    Sun Pharma: Sun Pharmaceutical Industries on Tuesday said it has launched its plaque psoriasis treatment drug Ilumya (tildrakizumab-asmn) in the US market. Ilumya in the strength of 100 mg/mL is now available in the US for the treatment of moderate-to-severe psoriasis, the company said in a statement.
    Dena Bank: Dena Bank on Tuesday said it expects to bring down gross non-performing assets (NPAs) to 15 percent by March 2019, from existing 22-23 per cent, which will help it reduce losses.
    Adani Ports: Adani Ports and Special Economic Zone Limited (APSEZ), the logistics arm of Adani Group, on Tuesday reported a 38.10 percent decline in consolidated net profit to Rs 614.23 crore for the quarter ending September.
    Reliance Communications: The Supreme Court on Tuesday asked Reliance Communication Ltd to clear the dues of Rs 550 crore to telecom equipment maker Ericsson India by December 15, saying that delayed payment would attract an interest of 12 percent per annum.
    HCL Technologies: Indian software services exporter HCL Technologies Ltd posted a 14.8 percent rise in second-quarter net profit, beating analysts' estimates, helped by higher revenue from its software services business.
    Vedanta: In an exclusive interview to CNBC-TV18, Agarwal said that he is trying to combine Anglo American and Hindustan Zinc'c operation.  In 2002-03, Vedanta bought 26 percent stake in Hindustan Zinc Ltd for Rs 445 crore.
    Results on Wednesday:  Kotak Mahindra Bank, Wipro, Bajaj Auto, Bharti Infratel, Interglobe Aviation, L&T Finance, M&M Financial, Jubilant Foodworks, Bharat Financial, IDFC Bank, Hexaware Tech, KPIT Technology, Bajaj Holdings, Indiabulls Real Estate, L&T Infotech, Jyothy Labs, Lakshmi Vilas Bank, TTK Prestige, TNPL, Syngene International, Sundaram Clayton, Sterlite Technology, SKF India, SIS, Radico Khaitan.
     
    (With inputs from agencies)
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