The Indian equity indices Sensex and Nifty are likely to open higher Friday as the trend on SGX Nifty indicates a positive start for the broader index in India. Here are top buzzing stocks for trade:

Indian Oil Corporation |

There has reportedly been a minor accident at the company’s Barauni refinery. The furnace blow up caused minor injuries to people working in the vicinity. The cause of the accident is now under technical investigation but the company said the planned shutdown of the Barauni refinery has been on since August 20, 2021, as per reports.

Hero MotoCorp | The company will hike its prices across a range of motorcycles and scooters up to Rs 3,000 with effect from September 20, to offset the impact of commodity inflation. But the exact quantum of the increase will depend on the model and the market.

TVS Motor Company | The company has obtained a majority stake in the GO AG through its Singapore subsidiary TVS Motor (Singapore).

Banks | Finance Minister Nirmala Sitharaman on Thursday announced that the Cabinet has cleared the formation of a 'bad bank'. The government will guarantee up to Rs 30,600 crore for security receipts issued by the National Asset Reconstruction Company (NARCL). The NARCL will buy bad loans from banks under a 15:85 structure where it will offer 15 percent of the net asset value in cash and issue security receipts for the rest.

Intellect Design Arena | The company bagged a large multiple-year digital transformation destiny deal from Resurs Bank.

Biocon | Biocon Biologics, a subsidiary of Biocon, on Thursday said it will offer around 15 percent stake to Serum Institute Life Sciences at a post-money valuation of about $4.9 billion.

Dhunseri Ventures | The company got approval to incorporate a new wholly-owned subsidiary in the US for expansion and exploration of the cupcake business. The company will make an initial investment of up to $1 million in the form of equity.

Ambalal Sarabhai Enterprises | Cosara Diagnostics got regulatory approval from the Central Drugs Standard Control Organisation to manufacture and sell SARAGENE Dengue Test Kit.

Cosmo Films | The company announced an expansion plan worth Rs 350 crore, and also declared first interim dividend of Rs 25 per share for FY2021-22.

Poonawalla Fincorp | Abhay Bhutada, Managing Director of the company has resigned from the board and ceases to be a director and key managerial personnel from September 16.