The Indian market is set for a positive start on Wednesday despite a plunge in Wall Street on Christmas eve after US President Donald Trump hit out at the US Federal Reserve.

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At 07:23 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.20 percent at 10,647, indicating a positive opening for the Indian market.

The markets were closed on Tuesday on account of Christmas.

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

SBI: State Bank of India (SBI) Managing Director P K Gupta said that the charges for various services offered by the bank are among the lowest in the industry. Various services offered by the bank, including ATM transaction and cash deposits, come at a cost, but the charges have been kept low in the larger interest of customers, Gupta told PTI.

Vedanta: Vedanta Group, which is looking to invest $8 billion across businesses in next three years, is considering expansion of the capacity of its newly acquired Electrosteel Steels unit in Jharkhand to about seven million tonnes in phases in the next few years, an official said on Tuesday.

Interglobe Aviation: Budget carrier IndiGo is likely to induct its first long-range jet A321neo (new engine option) in its fleet on Saturday, after a delay of almost one month, which will pave the way for the airline to launch its much-awaited medium-haul international operations, a source said on Tuesday.

HUL: National Anti Profiteering Authority (NAA) on Monday penalised Hindustan Unilever Ltd (HUL) around Rs 535 crore for not passing rate reduction benefits to consumers, said sources familiar with the matter.

Tata Steel: The newly elected Congress government in Chhattisgarh has decided to return the land of farmers in Bastar district acquired by the government in 2008 for then proposed Tata Steel plant project in the area.

Corporation Bank: The government has appointed PV Bharathi as managing director and chief executive officer (CEO) of the Corporation Bank.

Maruti Suzuki: Maruti Suzuki India's compact sedan Dzire has become the best-selling passenger vehicle model in the domestic market during the April-November period this fiscal, overtaking the company's small car Alto, according to SIAM data.

NFL: State-owned fertiliser firm NFL said on Monday it has taken a Rs 1,044-crore loan from SBI to finance energy efficiency projects at its plants.

IL&FS Engineering: The board meeting took note of the resignations of Ramchand Karunakaran, chairman, Mukund Sapre, managing director and Bhaskar Chatterjee and Ganapathi Ramachandran, independent directors and also the appointment of SN Mukherjee as the chief financial officer.

JSW Energy: Monnet Power lenders have rejected the bid of JSW Energy due to "poor terms of the offer", Business Standard reported, citing sources. JSW Energy was the lone bidder of Monnet Power.

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

(With inputs from agencies)

First Published:Dec 26, 2018 7:56 AM IST