The Indian market is likely to recover on Friday as its Asian peers tried to find their footing after the speculation that the Federal Reserve might be "one-and-done" with US rate hikes.

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Global investors, however, remained concerned over Sino-US relations after the arrest of smartphone maker Huawei Technologies chief financial officer Meng Wanzhou, which threatened to chill talks on some form of trade truce.

At 07:13 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.61 percent at 10,689.00, indicating a recovery for the Indian market.

Here are the top stocks to watch out for in today's trade:

HCL Technologies: HCL Technologies (HCL) on Thursday announced that it will acquire select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews.

HPCL: State-run oil refiner Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation's overall purchases from Tehran at 9 million barrels in the month, four industry sources said.

Jet Airways: Crisis-hit Jet Airways on Thursday told its pilots union in a meeting that it will clear the remaining salary dues by April 1, 2019. Also, the airline sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier.

REC, PFC: The Cabinet Committee on Economic Affairs on Thursday approved the sale of the government's 52.63 percent stake in REC Ltd to Power Finance Corporation (PFC).

Aviation stocks: The International Air Transport Association (IATA) said that India's domestic air passenger volume, measured in revenue passenger kilometres (RPK), was the highest among major aviation markets like Australia, Brazil, China, Japan, Russia and the US.

NHPC: State-owned NHPC has bagged debt-laden Lanco's 500 MW Teesta hydropower project under insolvency proceedings for a tentative value of Rs 900 crore, a senior official said.

ICICI Bank: The National Company Law Tribunal (NCLT) on Thursday directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor under the insolvency proceedings.

HDFC: The National Company Law Tribunal (NCLT) on Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company promoted by Singh Brothers -- Malvinder Mohan Singh and Shivinder Mohan Singh.

Dena Bank: The bank will sell properties worth Rs 462 crore ahead of the merger with Bank of Baroda and Vijaya Bank, Mint reported.

(With inputs from agencies)

First Published:Dec 7, 2018 7:39 AM IST