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Top stocks to watch out for on October 10: SBI, Jet Airways, PNB Housing, Maruti Suzuki
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Top stocks to watch out for on October 10: SBI, Jet Airways, PNB Housing, Maruti Suzuki
Oct 9, 2018 10:52 PM

Indian shares are set to open higher on Wednesday after a selloff in the previous session, but the investors' sentiment are likely to remain subdued on worries about global economic growth.

Share Market Live

NSE

At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.31 percent to 10,343, indicating a slightly weaker opening for the Indian market today.

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

Bandhan Bank: The bank will declare its second quarter results for the financial year 2018-2019 on Wednesday.

Maruti Suzuki: Maruti Suzuki India (MSI) on Tuesday said it has flagged off 50 proto-type electric vehicles for field test in line with its plans to introduce an EV by 2020.

State Bank of India: As many as 1,329 cases of fraud, involving an amount of Rs 5,555.48 crore, came to light in country's largest bank State Bank of India (SBI) in first six months of the current fiscal year, an RTI query has revealed.

NLC India: NLC India on Tuesday said its board has approved the proposal to buyback shares worth Rs 1,248.9 crore.

Jet Airways: The airline continued to face headwinds in raising capital to meet its payment obligations and is likely to default on the September salaries of pilots and engineers, a source privy to the development told CNBC-TV18.

Reliance Industries: Reliance Industries' wholly owned subsidiary, Reliance Jio, signed an agreement with Zee Entertainment on commercial terms where Zee will share its content library and 37 live channels with Jio.

Zee Entertainment: The company will declare its second quarter results for the financial year 2018-2019 on Wednesday.

PNB Housing Finance: Carlyle and Punjab National Bank have scrapped the plan of selling stake in the housing finance business, The Economic Times reported.

Bank of Baroda, Vijaya Bank and Dena Bank: After getting approvals from their respective boards, state-run Bank of Baroda, Vijaya Bank and Dena Bank have sent the proposal to merge all the three lenders to the government for a final approval, a top bank official said.

DHFL: DHFL is likely to have sold between Rs 5,000 crore and 7,000 crore of its loans to SBI, The Economic Times reported.

IL&FS: The newly appointed board expects a complete turnaround of the company within a year, CNBC-TV18 reported.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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First Published:Oct 10, 2018 7:52 AM IST

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