The Indian market is set for a negative opening on Thursday, taking cues from its Asian peers which traded lower on fears of further tension between the United States and China after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies. The arrest is related to violations of US sanctions, a person familiar with the matter said.

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Investor sentiment may remain largely mixed after the Reserve Bank of India (RBI) kept the key policy rates unchanged in its fifth bi-monthly policy announced on Wednesday.

At 07:10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.91 percent at 10,734.50, indicating a weak opening for the Indian market.

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

ICICI Bank: The government has appointed Lalit Kumar Chandel, economic advisor in the Department of Financial Services, as its nominee on the board of ICICI Bank with effect from December 4, the lender said on Wednesday.

Avenue Supermart: D-mart parent company, in an exchange filing, said it has issued commercial papers worth Rs 100 crore.

NBCC, Jaypee Infratech: State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group have been shortlisted as bidders for debt-laden Jaypee Infratech, according to a regulatory filing.

Jet Airways: Jet Airways Ltd and second-largest shareholder Etihad Airways have been holding rescue talks with bankers of the indebted Indian carrier, three people aware of the matter told Reuters on Wednesday.

REC: State-owned REC posted a 25 percent jump in standalone net profit at Rs 1,764.33 crore for the September quarter, mainly due to higher revenues. The company's standalone net profit stood at Rs 1,407.76 crore in the quarter ended September 30, 2017, it said in a statement.

BHEL: State-owned power equipment maker BHEL on Wednesday said its share buyback offer worth Rs 1,628 crore would open on December 13. The offer to buy 18.93 crore equity shares representing 5.16 percent paid-up equity share capital of the company will close on December 27, the company said in a BSE filing.

NBFCs: Difficulties in getting funding will halve the non-bank lenders' asset growth to around 10 percent in the second half of the current fiscal, a CRISIL report said. The asset quality of retail loans is resilient, but the NBFCs' (non-banking finance companies) non-retail book has to be monitored for potential stress, according to the report.

IOB: State-owned Indian Overseas Bank on Wednesday said it has decided to issue more than 18 crore shares to its staff under the employee stock purchase scheme.

Apollo Hospitals: Apollo Hospitals Enterprise' decision to divest its front-end pharmacy business to Apollo Pharmacy Ltd (APL) for cash consideration of Rs 527.8 crore will have 'neutral' impact on its credit rating, a rating agency has said.

Dilip Buildcon: Maharashtra authorities have imposed a Rs 33.78 crore fine on Dilip Buildcon Limited (DBL), a Bhopal-based construction company, for allegedly excavating murum (soft rock) illegally in Beed district.

(With inputs from agencies)

First Published:Dec 6, 2018 7:37 AM IST