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Top Ten Stocks to be Focused for 8 April 2016

Top Ten Stocks to be Focused for 8 April 2016

The Indian market is expected to open flat on Friday tracking muted trend seen in other Asian markets.

Here is a list of top ten stocks that are likely to be in focus today:

SBI & ICICI Bank: Leading lenders State Bank of IndiaBSE -0.60 % (SBI) and ICICI BankBSE -0.18 % on Thursday cut their home loan rates by 0.10 percentage points to 9.4 per cent following implementation of a new interest rate calculation regime mandated by the Reserve Bank of India (RBI).

GlaxoSmithKline Pharmaceuticals: London-headquartered GlaxoSmithKline (GSK) is launching a programme which will provide up to 40 preventive healthcare services for free to its 20,000 employees and their dependent in India.

Reliance Communications: Reliance Communications will upgrade its roughly 5 million CDMA customers to a 4G network in phases from May 4, joining bigger rivals Bharti AirtelBSE -0.09 %, Vodafone India and Idea CellularBSE -0.14 % in rolling out high-speed broadband services.

Unitech Ltd: Realty firm Unitech is looking to raise about Rs 500 crore from private equity firms for the development of housing project in Noida and repay LIC’s debt.

Religare Enterprises: Religare EnterprisesBSE 3.87 % has now informed BSE that Religare Enterprises Limited (Religare) has completed its exit from its asset management joint venture, Religare Invesco Asset Management Company Private Limited and Religare Invesco Trustee Company Private Limited.

Tata Steel Ltd: UK’s Serious Fraud Office has initiated a criminal investigation into Tata Steel’s operations, the Telegraph reported on Thursday.

Reliance Communications Ltd: Moody’s Investors Service has affirmed Reliance CommunicationsBSE -1.79 % Limited’s (RCOM) Ba3 corporate family rating and senior secured rating.

HUL: Hindustan Unilever LtdBSE 0.08 % ( HULBSE 0.08 %) informed BSE on Thursday its completion of formalities required, for the agreement dated December 17, 2015, to acquire Masons Group’s flagship brand, Indulekha, said a media report.

NBCC: State-run National Buildings Construction Corporation ( NBCCBSE 1.95 %) said it has secured orders worth Rs 17,516 crore in the last fiscal.

IOC: More than a decade after it declined to take a stake in Nagarjuna Group’s refinery in Tamil Nadu, state-owned Indian Oil Corp ( IOCBSE -0.16 %) is looking at buying equity stake in its six million tonnes a year Cuddalore refinery.

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