Indian equity market looked set for a mildly positive start on Friday after the benchmark index Sensex erased all gains of 2018 in the previous session following a selloff in global stocks.

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At 07.15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.25 percent to 10,307, indicating a positive opening for the Indian market today.

Here are the top stocks to watch out for today:

Tata Consultancy Services (TCS): The company on Thursday reported a net profit of Rs 7,901 crore in the second quarter of this fiscal helped by strong growth in its banking, financial services and insurance and retail segments.

Hindustan Unilever Ltd (HUL): The company will report its second quarter results on Friday.

Life Insurance Corporation (LIC), IDBI Bank: LIC's open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from December 3, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on December 14.

IL&FS: Recent defaults by Infrastructure Leasing and Financial Services (IL&FS) have highlighted the continuity risks of the country's asset-backed security (ABS) servicers, Fitch said in its report on Thursday.

JSW Energy: Billionaire Sajjan Jindal’s JSW Energy is no longer interested in acquiring bankrupt Monnet Power, a senior company executive told CNBC-TV18 on Thursday.

Yes Bank: Yes Bank on Thursday appointed US-based headhunter Korn Ferry to assist an expert panel searching for a successor to outgoing MD and CEO Rana Kapoor.

Bank of India: State-run Bank of India on Thursday said it has increased its marginal cost of funds based lending rate (MCLR) by 0.05 percent for overnight and one month tenure, effective October 10.

Bank of Baroda: The bank in an exchange filing said it extended the term of PS Jayakumar, the managing director and chief executive officer, by a year.

Indian Oil Corporation (IOC): State-owned Indian Oil Corp (IOC) on Thursday said it will invest Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.

GMR Infrastructure: GMR Infrastructure on Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas.

(With inputs from PTI)

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First Published:Oct 12, 2018 7:43 AM IST