The Indian market is likely to open positive on Friday tracking positive global cues as US China trade war concerns wane after the two countries announced talks this month. That said, the persisting weakness in the Indian rupee could play a big dampener on trade sentiments.

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The Sensex settled at 37,663.56, down 188.44 points. The NSE Nifty 50 finished at 11,385.05, showing a loss of 50.05 points. On Thursday, metal, bank, realty, financial services and media shares were down, while pharma, IT, auto and FMCG gained.

These are the stocks making the biggest moves premarket:

Oil, bank stocks: India's crude oil import bill is likely to jump by about $26 billion in 2018-19 due to the rupee's fall, which could fan inflation worries.

Steel stocks: During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 percent from a year earlier, while those from Japan climbed 30 percent, PTI reported.

ICICI Bank, JP Associates: On behalf of lenders, ICICI Bank approaches RBI to prevent JP Associates from being sent to NCLT, seeking permission for an out-of-court settlement plan, arguing that the company's debt has reduced by half over the past 4 years.

Bank of India: The public sector lender will sell Rs 5,557.73 crores worth of bad loans.

GMR Infrastructure: The company has settled with the private equity investors of GMR Airports for Rs 4,800 crore, CNBC-TV18 reported.

SBI: The public sector lender puts seven accounts with Rs 383 crore outstanding on sale to ARCs/FIs/NBFCs.

Maruti Suzuki: India’s automobile market leader has increased price of cars upto Rs 6,100 (ex-showroom Delhi), effective from Thursday.

Insecticides India: The company manufactures four of 20 pesticides banned by the government which contribute Rs 160 crore to the company's total revenue. The company said the impact on sales by four pesticides will be offset by launch of new products.

NBCC: The real estate company has bagged order from SAIL worth Rs 250 crore in Rourkela and Odisha.

BEML: The company flagged off the nation’s first 150T electric dump truck.

First Published:Aug 17, 2018 8:15 AM IST