The Indian market is set for a weak opening on Wednesday, tracking mixed sentiment among investors ahead of the Reserve Bank of India (RBI) monetary policy meeting outcome.

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According to a poll conducted by CNBC-TV18, the RBI will keep its repo rate unchanged at 6.50 percent in the upcoming policy.

At 07:05 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.53 percent at 10,855, indicating a weak opening for the Indian market.

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

SBI: The country's largest lender State Bank of India (SBI) will cease to be a fund manager of retirement fund body EPFO by March-end, as a bank cannot function as an asset management company under the RBI norms.

Tata Motors: Auto major Tata Motors is planning a large-scale overhaul of its sales network across the country over the next one year as it prepares to bring in new products, including premium SUV Harrier, a top company official Tuesday said. Ratings agency S&P Global Ratings downgraded the credit rating of the company and its British arm Jaguar Land Rover Automotive Plc on Tuesday.

Lupin: The drug company on Tuesday said it has launched generic Silodosin capsules used for treatment of signs and symptoms of benign enlargement of the prostate gland in the US market.

Steel companies: Domestic flat steel manufactures may have to brace for a downward revision in prices, as threat of cheap imports into India in near-term has increased, according to rating agency Icra.

Maruti Suzuki India Ltd: The company offered steep discounts percolating into total savings of up to Rs 90,000 on cars across segments in the last month of 2018.

Interglobe Aviation: IndiGo on Tuesday appointed Ronojoy Dutta as the principal consultant with immediate effect.

Jet Airways: The airline will introduce 65 new weekly services effective December 2018 and has offered attractive discounts on flight tickets across airline's network.

Oil India: The company, in an exchange filing, said it successfully commissioned the Cyclic Steam Stimulation Technology in BGW-8 well in Rajasthan for extraction of heavy crude oil.

Vodafone Idea: Ratings agency India Rating Research revised the rating from IND AA+/Negative to IND AA-/Negative on non-convertible debentures worth Rs 6,000 crore.

Mahindra and Mahindra: The M&M dealers have begun to sell Ford passenger vehicles in India, Mint reported. The two companies formed an alliance in August this year.

First Published:Dec 5, 2018 7:35 AM IST