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NEW DELHI: Nifty futures on the Singapore Exchange were trading 42 points, or 0.37 per cent, higher at 11,354, around 8:05 am on Friday, indicating a positive start for the Nifty50.
Here's a look at the top stocks that may hog the limelight in today's session:
YES Bank: Shares of the company may drop today after the RBI asked its managing director and CEO Rana Kapoor to step down after an extended term till January 31, 2019.
Jet Airways (India): A Jet Airways flight returned to Mumbai airport an hour after take-off on Thursday morning, with several of the 166 passengers on board bleeding from the nose and ear due to low cabin pressure.
Pilots of the Mumbai-Jaipur flight failed to switch on the system that maintains cabin pressure, an official at the aviation regulator said.
Aviation minister Suresh Prabhu ordered an investigation by the Aircraft Accident Investigation Bureau.
Besides, reports that the income-tax authorities conducted a survey at its offices may also influence the movement of the stock today.
Auto stocks: Amending the Central Motor Vehicles Rules 1989, the government has eased norms for import of 2,500 motor vehicles of certain categories annually, PTI reported on Thursday, citing Ministry of Road Transport and Highways.
Gufic Biosciences: The company on Thursday said its board had given nod to merge Gufic Lifesciences with the company.
The move is aimed at providing a larger asset base to boost growth and development of its business.
PowerGrid: PowerGrid in a BSE filing said it has got shareholders' approval for raising up to Rs 20,000 crore through bonds or debentures on private placement basis in 2019-20.
In a separate filing, the company said its board Thursday approved proposals to invest Rs 659.83 crore in various projects.
State Bank of India: Shares of the biggest lender of the company may catch investor attention after its Chairman Rajnish Kumar said Thursday that the bank hopes to resolve 7-8 stressed power assets with an exposure of around Rs 17,000 crore during the breather given by the Supreme Court till November 11.
Ceat: Tyre maker Ceat on Thursday announced its collaboration with Torino FC, one of the leading football clubs in the Italian Serie A, in an effort to expand its presence in the European markets.
"The association will help us further position our brand and the products in global markets that are crucial and a part of our global expansion strategy," PTI reported, Ceat Senior Vice President - Marketing Nitish Bajaj saying so.
Bayer CropScience: Crystal Crop Protection and Bayer CropScience have partnered to develop a solution for effective control of brown plant hopper and help farmers increase rice yields.
SAIL: As per PTI, the state-owned steel maker SAIL has almost completed its around Rs 72,000 crore modernisation and expansion programme, a top company official said Thursday.
SAIL had undertaken the modernisation and expansion programme to increase its capacity to 21 million tonnes per annum (MTPA).
Wipro: In a BSE filing on Thursday, the IT major said the shareholders of the company has approved amalgamation of Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirio India Cloud Solutions Private Limited with Wipro Limited.
ICICI Bank: In a BSE filing on Wednesday, the bank said that the board of the bank will have a meeting on September 24 to consider "offshore fund raising in single/multiple tranches in any currency through public/private placement by way of issuances of debt instruments, certificate of deposits etc.
for the remaining period of Financial Year 2018-19."
Bajaj Hindusthan Sugar: The Competition Commission of India (CCI) on Tuesday has passed an order against various sugar companies including Bajaj Hindusthan Sugar for alleged contravention of provisions of The Competition Act, 2002 in respect of joint tender floated by Oil Marketing Companies (OMCs) for supply of Ethanol and imposed penalty of Rs 12.35 crore on the Company.
