Jet Airways, IDBI Bank, Bharti Airtel and JSW Steel among top stocks to track today

NEW DELHI: The domestic equity market is expected to see a flat opening on Wednesday, tracking mixed Asian cues and Nifty futures on Singapore Stock Exchange (SGX). At 08:07 am, the Nifty futures traded 9.50 points or 0.08 per cent lower at 11,793.

Here's a look at the top stocks that hog limelight in today's session -

Jet Airways: The battered airline has received liquidity assistance of $300 million (Rs 2,000 crore) in terms of advance lease incentives and debt from banks to repay costly loans and cover cash losses, ET reported citing a senior executive.


IDBI Bank: LIC will soon buy 7 per cent equity in IDBI Bank through a preferential share issue, taking its total exposure to 14.9 per cent, said news reports.

JSW Steel, Lupin: In the latest Nifty50 rejig, JSW Steel will replace pharma company Lupin from September 28, 2018.

Bharti Airtel: The telecom major has received FDI clearance from the government for sale of 20 per cent stake in its DTH arm Bharti Telemedia to Warburg Pincus for $350 million, PTI reported.

SBI: The lender in a BSE filing said the appropriate authority has accorded approval to explore and initiate the process of divestment of upto 3.89 per cent of stake in NSE through secondary sale.

Vedanta: The company has won exploration licenses for 41 of the 55 oil and gas blocks auctioned in the first round of the open acreage licensing policy, with state-run Oil and Natural Gas Corp winning barely two.

Lakshmi Vilas Bank: The lender has executed a corporate agency agreement with HDFC Ergo General Insurance Company to offer general insurance products (non-life) to its customers under open architecture and the same has been approved by IRDA, said a Capital Market report.

Nalco: National Aluminium Company (Nalco) on Tuesday said it has pitched for Angul Aluminium Park as a potential area for collaboration with Russia for technology and investment. Angul Aluminium Park is a joint venture promoted by Nalco and Idco (Industrial Infrastructure Development Corporation).

Glenmark: The pharma company has signed licencing pact for Tiotropium Bromide generic, said an ETNOW report.

Jaiprakash Power: The company is likely to to mull conversion of loan of lenders into Compulsory Convertible Pref Share up to Rs 4,000 crore.