The Indian market is expected to open higher on Friday tracking positive trend seen in other Asian markets.
Here is a list of top ten stocks that are likely to be in focus today:
United Spirits Ltd: Liquor Barron Vijay Mallya chose to step down from United Spirits rather than resort to a legal battle with Diageo after the parent presented the findings of a board-constituted enquiry to him, said several people aware of the matter.
SBI, BoB, ICICI Bank: Banks should be breathing easier after the Reserve Bank of India (RBI) on Thursday made it easier for them to exit from Strategic Debt Restructuring (SDR) cases but at the cost of increased provisioning. The central bank also extended the SDR scheme benefit to asset reconstruction companies (ARCs) which are members of any Joint Lenders Forum (JLF) mechanism.
IDBI Bank: Public sector lender IDBI Bank has priced its equity shares to be issued to Life Insurance Corporation of India (LIC) at Rs 53.44 a share. The size of the equity on offer is Rs 1,500 crore. The Mumbai-based lender plans to issue 280.6 million shares of Rs 10 each at a premium of Rs 43.44 a share to LIC on a preferential basis.
Wipro Ltd: The IT major collaborates with Wind River to showcase carrier grade cloud technologies. Wipro showed successful demonstration of the VEVATO framework on Wind River Titanium Serve.
Unitech Ltd: Shares of realty firm Unitech Ltd will be in focus after the realty player defaulted on payment of a loan instalment of Rs.38.52 crore to the Central Bank of India, prompting the state-owned banker to issue public notice of default.
Dabur India Ltd: Consumer products firm Dabur India has launched a sales training programme for the rural youth under its Swavalamban initiative, which seeks to provide free technical training and skill development to improve the employability of young people from villages.
Lupin Ltd: One of India’s top five pharmaceutical companies, is planning to make significant investments in Japan, the second biggest pharmaceutical market in the world.
Tata Steel Ltd: Iron ore mine allotment to Tata Steel by the Chhattisgarh government in Dantewada district has been cancelled, for not completing the prospecting work within the stipulated period.
RCF Ltd: Rashtriya Chemicals and Fertiliers (RCF) has decided to acquire an 11 per cent equity stake in its proposed joint venture firm for revival of a closed urea plant at Sindri in Jharkhand.
GMR Infrastructure Ltd: The infrastructure major got major relief as the tribunal looking at the dispute in its erstwhile Maldives airport project ruled in its favour. Its subsidiary was to modernise and operate the airport but two years after, in 2012, the then government cancelled the contract .