Indian shares looked set for a strong start on Wednesday, in line with gradual recovery seen in Asian equities and upbeat second-quarter earnings report by software major Infosys.

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At 06.52 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 1.06 percent to 10,697, indicating a positive opening for the Indian market today.

Here are the top stocks to watch out for today:

Infosys: India's second largest IT services firm, Infosys, on Tuesday reported a 10.3 percent growth in consolidated net profit at Rs 4,110 crore for the quarter ended on September 30, 2018.

Reliance Industries: The company will report its second-quarter earnings on Wednesday.

JSW Steel: The company emerged as the highest bidder for the debt-laden Bhushan Power. It has taken a lead in the race by securing 66.6 percent of the lenders' vote, said sources familiar with the matter.

ONGC: The Congress on Tuesday demanded a court-monitored probe by experts to look into the affairs of ONGC in the past 52 months as it alleged a "systematic and calibrated" attempt by the government to destroy the country's public sector.

L&T: Engineering and construction major Larsen & Toubro, which is majority owned by its employees, is the only domestic firm to be featured among the top 25 companies in the Forbes' global 2000 best employers list that is led by Google parent Alphabet.

IIFL Holdings: IIFL Holdings announced on Tuesday that its subsidiary IIFL Home Finance has raised Rs 1,000 crore from the National Housing Bank (NHB).

IL&FS: Crippled IL&FS group faced on Tuesday more embarrassments after India Ratings downgraded its various mutual fund schemes and placed them on a rating watch negative (RWN).

Jet Airways: Jet Airways is offering its flight attendants leave up to 50 days without pay, Moneycontrol reported.

Hero MotorCorp: Country’s largest two-wheeler maker, Hero MotoCorp, on Tuesday posted a 3 percent decline in net profit to Rs 980 crore for the second quarter ended September 30, 2018.

Tata Motors: The auto company has made a separate division to explore methods to tap its passenger and commercial vehicles range, Mint reported.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary

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First Published:Oct 17, 2018 7:23 AM IST