Indian shares are likely to open lower on Monday, tracking negative cues from Asian after China's central bank cut banks’ reserve requirements in a bid to support growth.

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Investors' sentiment are likely to remain muted amid continued weakness in rupee coupled with hawkish comments from US Federal Reserve officials that bolstered the case of further US rate hikes.

The rupee hit 74 against the US dollar on Friday after the Reserve Bank of India kept the key policy rates unchanged in the October bi-monthly monetary policy meet.

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

Yes Bank: The lender appointed OP Bhatt and TS Vijayan as the external experts in the search and selection committee for their new CEO.

IDBI Bank: The government on Friday appointed Rakesh Sharma as managing director (MD) and chief executive officer (CEO) of IDBI Bank for six months.

Reliance Industries: RIL's market capitalisation plummeted Rs 1,32,061.4 crore to Rs 6,65,441.16 crore last week.

IL&FS: The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to PTI.

ITC: ITC Managing Director Sanjiv Puri on Sunday said the company's investments in Uttarakhand over the years have already crossed an outlay of Rs 1,400 crore.

Reliance Power: Reliance Power on Saturday said it does not agree with the CARE Ratings of 'BBB+' given to its subsidiary Sasan Power Limited. ARE Ratings has revised the long-term and short-term ratings of Sasan Power Ltd to 'CARE BBB+ (Stable Outlook)' and 'CARE A2', respectively, attributing inter-alia to steep depreciation in the rupee against US dollar.

Indiabulls Housing: Mortgage lender Indiabulls Housing on Sunday said it has high liquidity as well as capital adequacy, and is confident of growing its business by 20 percent plus in the current macro environment.

HCL Tech: IT services major HCL Technologies will invest Rs 750 crore to set up two facilities in Andhra Pradesh that will help create 7,500 jobs in 10 years.

Bank of Baroda: State-owned Bank of Baroda (BoB) has launched a fortnight programme dedicated for the farming community with a view to give a push to lending to the segment.

JSW Energy: CARE Ratings Ltd revised the company's ratings on long-term banking facilities and Non-Convertible Debentures (NCDs) from 'CARE AA-/Negative' to 'CARE AA-/Stable'.

(With inputs from PTI)

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First Published:Oct 8, 2018 7:41 AM IST