Top Stocks to watch out for today

Major Indices are likely to remain muted today as traders refrain from taking fresh long positions ahead of the weekend and against the backdrop of the Greece-EU debt crisis continuing. The Nifty is likely to remain in a sideways zone until fresh buying emerges on blue chips. Overseas cues from Wall Street and Asian markets are muted as well.

Nifty futures trading in Singapore also indicate a flat start for Friday.

Meanwhile, Foreign investors purchased 575 crore rupees worth of domestic shares in the cash market on Thursday. This is seen as a positive for the market. Private sector banks were the most likely targets of such purchases, delivery data shows.

The market remains on tenterhooks ahead of Sunday's referendum on Greece. Global financial markets are likely to see major volatility if the debt-riddled nation exits the European Union. The Nifty is likely to see a 100-150 point downside if the Greek vote is against more austerity. That fall on the Index should be seen as a buying opportunity.

Stocks to watch:

BHARTI AIRTEL: The mobile services provider is likely to remain in an uptrend after it sold wireless towers in 5 African countries for $1.3 billion. The New Delhi-based company is already trading at 52 week highs on the Nifty. Bharti is in the process of divesting its tower assets in 13 African nations.

LUPIN: Buys Russian pharma company Biocom. The Russian market is among the top 10 pharma spaces globally and Lupin says the purchase is of strategic importance to the Indian pharma giant.

KOTAK MAHINDRA BANK: The Foreign Investment Promotion Board may take a decision today on the bank's application to raise its foreign holding limit to 55 percent from 49 percent. Kotak is already trading at record highs ahead of its bonus adjustment.

NESTLE: Canadian Food Inspection Agency finds no health risk in Nestle's Maggi noodles. This is another positive for the FMCG giant that has been roiled by a global controversy.

RAJESH EXPORTS: Gold ornament exporter is in talks to purchase a firm in Europe at the cost of up to $500 million.

DALMIA CEMENT BHARAT: The cement giant to sell its products in Maharashtra.

BIRLA CORP: Mid-sized cement major to raise its capacity to 15 million tons.

(Image credit: Indiatimes)