Top stocks to watch out for on March 5: Reliance Industries, ICICI Bank, Jet Airways

SUMMARY

The Indian market is set for a weak start after US President Donald Trump said he plans to end India's preferential trade treatment that allows $5.6 billion worth of Indian exports to enter the US duty-free. Disclaimer: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Mar 5, 2019 7:50:10 AM IST (Updated)

ICICI Bank: The bank on Monday said it has acquired a 9.9 percent stake in non-banking finance company Kisan Finance for cash consideration of Rs 17.82 crore.

Central Bank of India: The PSU bank put up for sale four stressed accounts, including Bhushan Power & Steel and Essar Steel India, to recover dues of Rs 3,321 crore. (Picture: Reuters)

Kotak Mahindra Bank: The bank on Monday announced a tie-up with C2FO for risk-free solution to manage working capital more efficiently.

Tata group firm Voltas expects its home appliances business to capture at least 20 percent market share in the next five-seven years. (stock image)

Power Grid Corporation raised $228.55 million for a power project, RBI data showed. (stock image)

Union Bank, Dena Bank, IDBI Bank and SBI Bank: The Reserve Bank has imposed a monetary penalty of Rs 3 crore on Union Bank, Rs 2 crore on Dena Bank, and Rs 1 crore each on IDBI Bank and the SBI Bank, for non-compliance with various directions, regulatory filings said on Saturday.

Larsen & Toubro Infotech: L&T's subsidiary on Monday said it has completed the acquisition of Germany's Nielsen+Partner (N+P) along with identified subsidiaries.

BHEL: State-run Bharat Heavy Electricals Ltd Monday said the company is setting up a network of solar-based electric vehicle chargers on the Delhi-Chandigarh highway.

Reliance Industries: RIL-arm Reliance Industrial Investments has entered into agreements to acquire logistics services platform Grab and software firm C-Square Info Solutions.

Spicejet: The airline plans to aggressively expand its international networks to fly out of the low fare and high fuel price operating environment.

Jet Airways: The airline grounded two more of its aircraft on Sunday due to non-payment of lease rentals, taking the total number of planes on the ground to 23.