Indian equity indices are likely to open weak on Monday, tracking sluggish Asian shares.

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The 30-share S&P BSE Sensex settled 147 points, or 0.38 percent, higher at 38,389 on Friday, while the NSE Nifty50 closed the day 52 points, or 0.45 percent, higher at 11,589.

For the week, both indices slipped lower on account of weakness in the Indian rupee, higher crude prices and Sebi circular revised guidelines on foreign portfolio investors. The rupee on Friday closed higher by 26 paise at 71.73 against the US dollar after heavy intervention by the Reserve Bank of India.

Following stocks are likely to move in Monday's trade:

Reliance Industries, Bharti Airtel, Idea Cellular: TRAI has imposed penalties on major telecom operators, including Reliance Jio, Bharti Airtel, Vodafone-Idea Cellular, for slipping on various service quality benchmarks for the March quarter, PTI reported.

Reliance Capital: The Anil Ambani-led company has informed the exchange that it has received Certificate of Registration from the Reserve Bank of India as core investment company.

Bank of India: RBI fines the lender Rs 1 crore for violation of guidelines on frauds classification and reporting with respect to Winsome Diamond & Jewellery and Forever Precious Diamonds.

Bank of Maharashtra: RBI imposes penalty of Rs 1 crore for contravention of master circular on fraud.

Union Bank Of India: RBI imposes penalty of Rs 1 crore for contravention of circular on fraud.

Axis Bank: Amitabh Chaudhry appointed as the managing director and chief executive officer of Axis Bank for a period of three years with effect from January 1, 2019 to December 31, 2021.

NTPC: State-run power major NTPC's trading arm NVVN will begin power supply of 300 MW to Bangladesh from midnight Sunday. "The 300 MW power supply to Bangladesh by the NVVN will commence from 00:00 hrs of 10th September 2018," NTPC said in a statement.

Indiabulls Real Estate: In his message to shareholders in the annual report, Indiabulls Real Estate chairman Sameer Gehlaut said the company has a well-diversified presence in both commercial and housing segments and expects to garner a sales revenue of over Rs 30,000 crore from its 14 ongoing projects, being developed mainly in Delhi-NCR and Mumbai, the company said.

Tata Motors: Jaguar Land Rover reported total retail sales of 36,629 vehicles in August, down 4.9 percent YoY.

RITES: The public sector company has secured an additional work of Rs 294.67 crore from Ministry of Railways for doubling of Dharmavaram Penukunda rail lines (41.5 Kms) in South Western Railways.

Cyient: Cyient Australia Pty Ltd, a wholly subsidiary of Cyient Limited, has acquired 86 percent in Cyient KK (another subsidiary of the company).

Goa Carbon: Production for August at 13,730.8 million tonne and sales at 14,726.8 million tonne.

Akzo Nobel India: Jayakumar Krishnaswamy will be stepping down as the managing director of the company with effect from September 12 and Board appointed Rajiv Rajgopal as managing director with effect from November 1. Pradip Menon will be stepping down as the chief financial officer of the company with effect from September 14.

Zenith Exports: IL&FS Securities Services released 3,08,224 equity shares of the company, representing 5.71 percent of the paid-up capital on September 6.

Omax Autos: Board has approved the proposal for establishing a new manufacturing unit at suitable location in Uttar Pradesh, for manufacturing products and equipment supplied to Railways.

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

First Published:Sept 10, 2018 7:49 AM IST