The Indian market is likely to start on a weak note on Thursday tracking subdued global sentiments after a day’s break on account of Independence Day. The Sensex ended 207.10 points higher at 37,852 on Tuesday, while the NSE Nifty 50 settled at 11,435, higher by 79.35 points.

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These are the stocks making the biggest moves premarket:

Jet Airways: Blackstone Group LP is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, according to Reuters report.

Reliance Industries: The oil-to-telecom conglomerate has reportedly halted gasoline shipments from Jamnagar site causing fuel margins to spike. Also, registrations for Reliane Jio’s optical fibre based fixed-line broadband services have begun.

Kotak Mahindra Bank: RBI said bank's Perpetual Non-Cumulative Preference Shares issuance does not meet the regulator’s promoter holding dilution requirement.

Indiabulls Real Estate: The real estate company’s Q1 consolidated net profit fell by 0.9 percent at Rs 117 crore versus Rs 118.50 crore; consolidated net revenue was up 38.5 percent at Rs 810.9 crore versus Rs 585.6 percent crore (YoY).

Fortis Healthcare: Shareholders approved IHH's proposal to buy the company. Also, Q1 net loss was Rs 52.8 crore versus profit of Rs 22.6 crore; revenue was down 9.9 percent at Rs 1,042 crore versus Rs 1,156.6 crore (YoY).

ONGC: The aviation ministry has said that ONGC has given its unconditional, irrevocable commitment to sell its 49 percent stake in Pawan Hans.

UCO Bank: The bank has entered into an inter-creditor agreement for resolution of stressed assets.

Dilip Buildcon: Q1 net profit stood at Rs 255.5 crore versus Rs 122.2 crore; revenue was up 46.4 percent at Rs 2,436.3 crore versus Rs 1,664.1 crore (YoY).

UPL: The company has subscribed to 10,533 equity shares in Weather Risk Management Services Private Limited (WRMS) constituting 5.01 percent (on a fully diluted basis) in the paid-up share capital of WRMS, Moneycontrol reported. Consequent to the above, UPL's total shareholding in WRMS will increase from 26 percent to 31.01 percent.

Hathway Cable: Q1 net loss stood at Rs 2.63 crore versus net profit at Rs 27.16 crore; revenue was up 0.6 percent at Rs 129.8 crore versus Rs 129 crore (YoY).

Also Read: 10 things you need to know before the opening bell

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First Published:Aug 16, 2018 8:01 AM IST