Top stocks to watch— RIL, Future Retail, Bank of Baroda, Yes Bank, HAL, Info Edge, Maruti Suzuki, IRCTC, BHEL, HAL, Rail Vikas Nigam and more

• At 7:40 am, the SGX Nifty was trading 0.23% lower, indicating a muted start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
• Check out the latest news and updates on Business Insider.

Indian stock market is likely to open on a negative note amidst cautious cues from global peers. At 7:40 am, the SGX Nifty was trading 0.23% lower, indicating a muted start for Nifty50.

On Thursday, the US stocks finished sharply lower as tech shares lost momentum. The Dow Jones Industrial Average ended 1.45% lower. While the S&P 500 lost 1.76% towards the end of trading.

Here’s a list of stocks to watch for in trade on September 11:

Reliance Industries and Future Retail

Mukesh Ambani led RIL has clarified on the circulating news report about the company selling Amazon $20 billion stakes in its retail arm.

RIL said, “we do not comment on media speculation and rumours, and we cannot confirm or deny any transaction which may or may not be in the works.”

This may also move the shares of Mukesh Ambani’s recently acquired Future Retail. The shares of RIL closed 7.29% higher yesterday, whereas Future Retail was locked in a 5% upper circuit.

Bank of Baroda and Union Bank

The Bank of Baroda reduced Marginal cost of funds-based lending rate (MCLR) between 5-30 basis points across various tenors with effect from September 12.

The Union Bank of India also decided to reduce the MCLR by up to 5 basis points across tenors. One hundred basis points make 1%.

The shares of Bank of Baroda closed 3% higher yesterday, whereas Union Bank gained 2%.

Info Edge

Info Edge said its investee company Zomato had raised $160 million (₹1,173 crore) in funding from Tiger Global and Temasek Holdings subsidiary MacRitchie Investments, valuing the online food ordering platform at $3.3 billion.

The shares of Info Edge closed 3.30% higher on September 10.

HAL

The state-owned Hindustan Aeronautics Limited (HAL) reported a 74% drop in its net profit to ₹148.7 for the first quarter ended June 30. The company’s overall revenue was down 47% compared to the same period last year.

The shares of HAL closed 3.24% higher on Thursday.

Maruti Suzuki

The promoter of India’s largest car manufacturer Maruti Suzuki— Suzuki Motor Corporation acquired 2.84 lakh shares from September 8-9.

The shares of Maruti Suzuki closed almost flat on Thursday.

Hindustan Copper

Hindustan Copper reported a 40% jump in its consolidated net profit to ₹29.8 crore for the first quarter ended June 30. The company’s revenue increased 41.9% to ₹431.4 crore.

The shares of Hindustan Copper closed 3% higher on September 10.

Yes Bank

Yes Bank said it has fully repaid the ₹50,000 crore provided by RBI as a special liquidity facility (SLF) amid the crisis faced by the lender earlier this year.

The shares of Yes Bank closed 2.20% higher on September 10.

BHEL, IRCTC, Rail Vikas Nigam and Adani Green Energy

These companies are slated to report their first quarterly earnings today.

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