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market | IST

Top stocks to watch out for on September 28: IL&FS, Punjab National Bank, ITC, NBFCs

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Indian equity market looked set to open higher on Friday, tracking positive Asian shares following gains on Wall Street overnight after strong US economic growth.

Indian equity market looked set to open higher on Friday, tracking positive Asian shares following gains on Wall Street overnight after strong US economic growth.
At 07:20 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, rose 0.39 percent to 11,085, indicating a mildly higher opening for the Indian market today.
Here are the top stocks to watch out for today:
  • Bharti Airtel: Airtel has reportedly launched six new entry-level plans for its prepaid customers with new smart recharges of Rs 25, Rs 35, Rs 65, Rs 95, Rs 145 and Rs 245.
  • TVS Motors: Two and three-wheeler major TVS Motor on Thursday launched its latest 160cc motorcycle Apache RTR160 4V in Sri Lanka under its expansion plans in overseas markets.
  • JSW Steel: Leading integrated steel manufacturer, JSW Steel, on Thursday said higher import duties will not matter much for the company as global steel prices are on a firm footing.
  • IL&FS:  Taking a u-turn from its earlier stance, the Reserve Bank of India will meet the large shareholders of IL&FS on Friday, sources told CNBC-TV18. 
  • ITC, Indian Hotels Company:  The much-delayed auction of Delhi’s luxury hotel Taj Mansingh is likely to happen on Friday. Tata Group’s Indian Hotels Company Limited (IHCL) — the existing operator — and ITC Group will face each other for the prime Lutyens’ Delhi hotel.
  • DHFL, Indiabulls Housing Finance: Markets regulator Sebi has sought details from mutual funds about their exposure to housing finance companies DHFL and Indiabulls Housing Finance, amid concerns over liquidity in the system, sources told PTI.
  • DB Realty: DB Realty Ltd on Thursday said it has acquired entire stake of its subsidiary firm Neelkamal Realtors Tower (NRTPL), which is developing a project in partnership with Radius group.
  • Canara Bank: The board approved proposal to raise equity share capital amounting up to Rs 250 crore through Qualified Institutional Placement (QIP) route, by issuing up to 25 crore equity shares of face value Rs 10 each.
  • Punjab National Bank: The board of Punjab National Bank (PNB) on Thursday approved proposal to seek Rs 5,431 crore capital support from the government.
  • Telco stocks: Telecom operators to face challenges in subscribers enrollment as the telecom department on Thursday clarified that e-KYC system to register customers using Aadhaar have been stopped, a DoT official told PTI.
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