The Indian market closed largely lower on Friday backed by global cues.

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Here are the top stocks to watch out for today:

ICICI Bank: ICICI Bank will declare its quarterly earnings today.

Punjab National Bank: Big wilful defaulters owed Rs 15,171.91 crore in loans to PNB at the end of March this year, the bank's data said.

Telco stocks: The government's plan to attract $ 100 billion (about Rs 6.5 lakh crore) investment in the telecom sector by 2022 is conservative, industry body COAI has said.

Bank stocks: Over 10 lakh bankers in government and private banks will go on a two-day strike by the end of May if the government does not ask the Indian Banks Association (IBA) to make an improved offer, said a leader of the All India Bank Employees Association (AIBEA).

Fortis: The consortium of Manipal Health Enterprises (MHEPL) and private equity (PE) firm TPG Asia on Sunday revised their offer to acquire a stake in Fortis Healthcare, proposing to infuse Rs 2,100 crore into the company at a share price of Rs 160 per share.

The commercial arm of ISRO, Antrix Corporation, will reportedly lead the consortium - engineering major Larsen & Toubro, Godrej Aerospace and Hindustan Aeronautics Ltd - for ISRO to enter the small rocket market.

PC Jeweller: The company's board meeting will be held on May 10, 2018, which will consider the proposal for buyback of fully paid-up equity shares of the company.

Cadila Healthcare: Zydus receives final approval for Succinylcholine Chloride injection USP and tentative approval for Plerixafor injection from the USFDA.

Allahabad Bank, Oriental Bank of Commerce, UCO Bank, among others will also declare their quarterly results today.

Gujarat government's tax department has slapped a demand of Rs 178.79 crore on Welspun Corp for two financial years -- 2009-10 and 2010-11, the company said in a regulatory filing.

First Published:May 7, 2018 7:36 AM IST