Indian shares looked set for a gap-down opening on Thursday, tracking selloff in Asian equities after Wall Street wiped out all its gain for the year following disappointing earnings by tech companies.

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At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 1.16 percent to 10,118.50, indicating a negative start for the Indian market today.

These are the stocks making the biggest moves premarket today:

Wipro: IT major Wipro on Wednesday appointed former State Bank of India (SBI) chairman Arundhati Bhattacharya as an independent director of the company beginning January 1, 2019. The company reported a 14 percent decline in consolidated net profit at Rs 1,889 crore for September quarter, mainly on account of higher expenses.

Interglobe Aviation: Domestic carrier IndiGo on Wednesday reported a net loss of Rs 652.1 crore for the quarter ended September 30, 2018, due to high fuel cost, rupee depreciation and intense competition. IndiGo had reported a net profit of Rs 551.6 crore for the same period last year.

IDFC Bank: Private sector IDFC Bank on Wednesday reported a net loss of Rs 369.69 crore for the September quarter due to higher provisioning even as the bank's bad loans came down.

Kotak Mahindra Bank: Kotak Mahindra Bank temporarily suspended its digital savings account opening scheme '811' after the Supreme Court verdict on Aadhaar, Moneycontrol reported. The lender reported an in-line performance with reference to balance sheet growth and profit and loss.

Jet Airways: The airline clarified its cash-strapped situation and has asked banks for a loan rejig. The company, in an exchange filing, said it did not seek any moratorium on any loans or reduction of interest rates from its lenders.

Tata Steel, Tata Sponge Iron: Tata Steel, in an exchange filing on Wednesday, said its listed subsidiary Tata Sponge will proceed further with the acquisition of the steel business of Usha Martin Limited through a slump sale.

Vijaya Bank, Dena Bank and Bank of Baroda: The three banks have set up panels to integrate operations and proceed with the PSU merger, Mint reported.

IIFL: IIFL Finance and JM Financial group companies together bought back around Rs 2,600 crore of commercial papers, The Economic Times reported.

Bharti Infratel: Telecom tower firm on Bharti Infratel Wednesday reported a 6 per cent decline in profit after tax to Rs 600 crore for the quarter ended September on account of reduction in tenancy. The company had registered a profit after tax of Rs 638 crore in the same period a year ago.

Results on Thursday: Maruti Suzuki India Ltd, Bharti Airtel, JSW Steel, Yes Bank, Biocon, Piramal Enterprises, BHEL, Shriram Transport, Dish TV, V-Guard, PVR, Kajaria Ceramic, CEAT, OBC, Raymond, Crompton greaves, DB Corp, Force motors, Gujarat Mineral Development, Heidelbergcement, Intellect Design Arena, JM financial, L&T Tech, Quess Corp, SCUF, TATA Coffee, Varun Beverages, Liberty Shoes, Mastek, NIIT Ltd, MBL, Shalby, Shalimar Paints, 63moons tech, HCL Info systems, HIL, Jubliant Industries, Kirloskar Industries & Bro, Kewal Kiral, Kriti Industries, Praj Industries, Punj Lloyd.

(With inputs from agencies)

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First Published:Oct 25, 2018 7:48 AM IST