The Indian market is set for a negative start on Thursday as global investors remained jittery after the US Fed increased the key interest rates.

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Wednesday's rate increase, the fourth of the year, pushed the central bank's key lending rate to a range of 2.25 percent to 2.50 percent.

At 07:19 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.78 percent at 10,900, indicating a negative opening for the Indian market.

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

Here are the top stocks to watch out for in today's trade:

Punjab National Bank: The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a $2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.

Maruti Suzuki India Limited: The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday cut its sales forecast for the ongoing fiscal to 8 per cent from an earlier projection of double-digit growth.

Zee Entertainment: Major broadcasters such as Zee Entertainment, Sony Picture Networks and Star India have come out with their a-la-carte and bouquet prices of their channels as mandated under the new framework for broadcasting and cable services by the sectoral regulator TRAI, applicable from December 29, 2018.

Jet Airways: India's civil aviation regulator on Wednesday said that it has not found any safety concern with Jet Airways due to the financial strain being faced by the airline. According to the Directorate General of Civil Aviation (DGCA) chief BS Bhullar, the regulator has been monitoring the airline for the past 4-5 months.

TCS: India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said it has appointed Hanne Birgitte Breinbjerg Sorensen and Keki M Mistry as additional and independent directors of the company for five years. The company also unveiled a new private cloud in Canada to help enterprises move into the digital space.

Reliance Communications: Senior officials of debt-ridden Reliance Communications and new telecom operator Reliance Jio on Wednesday met Telecom Secretary Aruna Sundararajan to resolve issues flagged by the Department of Telecom (DoT) around payment related to the spectrum sale deal between the two firms.

IOC: Indian Oil Corporation Limited (IOCL) on Wednesday said under the Pradhan Mantri Ujjwala Yojana, 5.14 lakh gas connections were released in Telangana by three oil PSUs (IOCL, BPCL and HPCL).

Interglobe Aviation: IndiGo said it will retrofit its entire Airbus A320neo fleet with a new software upgrade from engine-maker Pratt & Whitney after one of its planes was forced to make an emergency landing last week due to smoke in the cabin.

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(With inputs from agencies)

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

First Published:Dec 20, 2018 7:50 AM IST