Indian equity markets were set to open higher on Wednesday after strong rebound in the previous session but investors are likely to stay cautious ahead of the Fed rate decision and higher global crude prices.

Share Market Live

NSE

At 07:15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, rose 0.36 percent to 11,163, indicating a mildly higher opening for the Indian market today.

Here are the top stocks to watch out for on Wednesday:

Yes Bank: The board of Yes Bank on Tuesday decided to request the Reserve Bank of India (RBI) to grant more time to its managing director and chief executive officer Rana Kapoor. The board, in a filing to BSE, said it needs more time to find a successor for Rana Kapoor and three months is not enough.

HDFC: As cash-strapped Infrastructure Leasing & Financial Services Ltd (IL&FS) is planning to raise Rs 4,500 crore, Housing Development Finance Corporation (HDFC) on Tuesday said it's not keen on subscribing to infrastructure financing major's rights issue.

IL&FS Transportation: Brickworks downgraded the company's rating on NCD worth Rs 3550 crore to BWR C(SO) from BWR BB-(SO).

SpiceJet: SpiceJet on Tuesday announced two new daily direct flights from Amritsar to Bangkok and Goa.

Bank of Baroda: The board of Bank of Baroda will meet on September 29 to consider the government's proposal to merge Dena Bank and Vijaya Bank with itself, its Managing Director PS Jayakumar said on Tuesday. Moody's Investors Service affirmed the bank's baseline credit adjustment (BCA) and adjusted BCA following the merger announcement.

Tata Steel: The proposed acquisition of Usha Martin's steel business by Tata Steel is credit positive, Moody's Investors Service said on Tuesday.

Ashoka Buildcon: Ashoka Buildcon on Tuesday said its joint venture (JV) with Story Tech Services LLC has emerged as the lowest bidder for Rs 794 crore railway project in Bihar and Jharkhand.

Canara Bank: State-run Canara Bank has moved taken telecom infrastructure player GTL group to the National Company Law Tribunal (NCLT) after the company defaulted on its debt repayment.

PSU Banks: Union finance minister Arun Jaitley on Tuesday said non-performing assets (NPA) of public sector banks (PSB) are on the decline as recoveries have picked up, but it's a challenge to loan growth.

Mahindra CIE: The company, in an exchange filing, said the board approved the merger between Bill Forge Private Limited (Subsidiary) and Mahindra CIE.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.

First Published:Sept 26, 2018 8:12 AM IST