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<ul><li>The SGX Nifty was trading 0.48% higher at 7:55 am, indicating a higher start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst positive cues from the Asian markets, the Indian stock market is likely to open in green. The SGX Nifty was trading 0.48% higher at 7:55 am, indicating a positive start for Nifty50. Other Asian markets were also trading in green— Hang Seng Index was up 1.34%, Australian Securities Exchange, ASX 200 was also up 0.17%. These are the stocks to watch out for during the trading session on October 12: Vedanta Vedanta on Sunday informed stock-exchanges that its buyback offer is deemed to have failed as per the terms of the delisting regulations after promoter Vedanta Resources did not receive the required number of shares to delist the firm. The shares of Vedanta closed 2% higher on Friday. Glenmark Pharmaceuticals Glenmark Pharmaceuticals on Friday said that its Umifenovir did not show superior clinical outcomes when added to Favipiravir treatment for moderate coronavirus. The shares of Glenmark Pharmaceuticals closed 2% lower on Friday. Indiabulls Housing Finance The Gurugram-headquartered mortgage lender, Indiabulls Housing Finance has raised about ₹441 crore by further selling a portion of its stake in OakNorth Holding to a US-based Riva Capital Partners V LP. The shares of Indiabulls Housing Finance closed 5% higher on Friday. Dr Lal PathLabs Dr Lal PathLabs clarified that the data breach of its patients occurred after a misconfiguration in one of its minor web applications where temporary records were stored for operational purposes, and took place at a facility managed by a third party. “It involved less than 0.5% of our records and has been successfully resolved since,” the company said. The shares of Dr Lal PathLabs closed 5% lower on Friday. RITES The engineering consultancy company, RITES has secured ₹103 crore order from project management consultancies for the construction of various buildings at IIT Delhi and for study of Multi Modal Integration Planning for Surat Metro, among others. The shares of RITES closed 0.22% higher on Friday. Premier Explosives The explosives manufacturing company, Premier Explosives said it has bagged ₹82.83 crore order from a state-run Singareni Collieries Company in Telangana for the supply of SMS/SME explosives and accessories. The shares of Premier Explosives closed 5% higher on Friday. Karnataka Bank The state-owned Karnataka Bank on Friday declared its exposure of ₹107.99 crore to Sintex Industries (SIL) as fraud. The shares of Karnataka Bank closed 2.4% higher on Friday. Mazagon Dock Shipbuilders and UTI AMC The shares of Mazagon Dock Shipbuilders and UTI AMC will list on the bourses today at 10:00 am. Mazagon Dock Shipbuilders is expected to witness a bumper listing, with grey market premium floating around ₹95-₹100. Meanwhile, UTI AMC may not see much excitement from investors, as per the current grey market premium. UTI AMC is likely to list at a <a href="https://www.ipowatch.in/2019/12/uti-amc-ipo-gmp-grey-market-premium-kostak-rates-subject-to-sauda-today.html">‘discounted’ </a>price. Wipro Watch out for Wipro ahead of its earnings and buyback announcement due tomorrow. Shalby and GNA Axles Shalby and GNA Axles are slated to report their second quarterly earnings today. SEE ALSO: <a href="https://www.businessinsider.in/india/news/gst-council-to-discuss-compensation-issue-for-third-time-in-a-row-on-monday/articleshow/78605574.cms" data-type="tilCustomLink">GST Council meet yet again — to discuss compensation issue for the third time today</a> <a href="https://www.businessinsider.in/business/auto/news/delhi-government-exempts-road-tax-on-battery-operated-vehicles-under-its-ev-policy/articleshow/78605311.cms" data-type="tilCustomLink">Delhi government exempts road tax on battery-operated vehicles under its EV policy</a>

Top stocks to watch — Vedanta, Wipro, RITES, Mazagon Dock, UTI AMC, Glenmark Pharma, and others

<ul><li>At 7:49 am, the SGX Nifty was trading 0.19% higher, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amid the mixed cues from the global market, the Indian stock market is likely to open on a cautious note. At 7:49 am, the SGX Nifty was trading up 0.31%, indicating a green start for Nifty50. The US stocks ended the Tuesday lower as investors awaited further stimulus. The Dow Jones Industrial Average closed 0.48% lower; whereas the S&amp;P 500 was down 16 points on Tuesday. The picture across Asia this morning is positive on the back of encouraging PMI data. These are the stocks to watch out for during the trading session on September 30: HDFC National Company Law Tribunal, Mumbai, has sanctioned the scheme of amalgamation for the merger of HDFC ERGO Health Insurance into HDFC ERGO. The shares of HDFC ended 2% higher yesterday. Future Enterprises Kishore Biyani-led Future Group company, Future Enterprises, reported a fresh default on interest payment of non-convertible debentures (NCDs) on Tuesday. In a stock-exchange filing, the company said it had defaulted on interest payment of ₹16.11 crore for a gross principal amount of ₹332 crore. This is the third default in at least one month. This may also move other Future Group stocks such as— Future Retail, Future Lifestyle Fashion, Future Consumer Limited, among others. The shares of Future Enterprises ended 5% higher yesterday. Indiabulls Housing Finance One of the leading private sector mortgage lenders, Indiabulls Housing Finance, raised another ₹630 crore by selling a part of its stake in UK-based bank Oak North to Toscafund Asset Management. The shares of Indiabulls Housing Finance ended 2.2% lower yesterday. PVR Limited The board of cinema giant PVR will meet on October 5 to consider the proposal of raising funds via non-convertible debentures. The shares of PVR Limited ended 2.2% lower yesterday. Vodafone Idea Vodafone Idea will seek shareholders’ approval to raise the borrowing limit to ₹1 lakh crore at the annual general meeting (AGM) today. The shares of Vodafone Idea ended 6% lower yesterday. Welspun Corp Welspun Corp has received multiple orders worth nearly ₹1,400 crore. Currently, the company’s total order book is valued at approximately ₹6,300 crore. The shares of Welspun Corp ended 2% higher yesterday. VA Tech Wabag VA Tech Wabag has approved the allotment of 75 lakh equity shares at ₹160 per equity share aggregating to ₹120 crore by way of the preferential issue to Rekha Rakesh Jhunjhunwala, Basera Home Finance, Sushma Anand Jain, and Anand Jaikumar Jain. The shares of VA Tech Wabag ended 0.16% higher yesterday. Mazagon Dock, UTI AMC and Likhitha Infrastructure IPO Today will be day two for Mazagon Dock, UTI AMC and Likhitha Infrastructure IPO. The bid for IPO will remain open until October 1. SEE ALSO: <a href="https://www.businessinsider.in/india/news/amnesty-international-shuts-down-its-india-operations-citing-constant-harassment-from-the-indian-government/articleshow/78380428.cms" data-type="tilCustomLink">Amnesty International shuts down its India operations citing ‘constant harassment’ from the Indian government</a> <a href="https://www.businessinsider.in/science/space/news/after-the-moon-mars-is-getting-laser-reflecting-mirror-to-help-future-landings-on-the-red-planet/articleshow/78385935.cms" data-type="tilCustomLink">After the Moon, Mars is getting laser-reflecting mirror to help future landings on the Red Planet</a>

Top stocks to watch— Future Retail, HDFC, Indiabulls Housing, Vodafone Idea, PVR, Welspun Corp and others

<ul><li>Sensex plunged over 1,100 points, while the NSE Nifty crashed 326.30 points to close at 10,805 points on Thursday</li><li>Analysts explain the reasons behind Sensex losing over 2500 points in one week— and here’s why this may continue in the next session.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>The blood-bath in the Indian stock-market continued with markets ending lower for the sixth straight session today. The 30-share BSE index, Sensex plunged over 1,100 points, while the NSE Nifty crashed 326.30 points to close at 10,805.55 points. The selloff was led by banking, IT and metal stocks. The sell-off today eroded nearly ₹4 lakh crore from investors’ wealth in a single trading session. Fears of fresh lockdown in Europe and heavy FII outflows weighed on investor sentiment leading to a 7% fall this week in the Indian stock market. This is the second-worst fall this year after the recent <keyword id="560410" type="PERSON" weightage="20" keywordseo="Market-crash">market crash</keyword> in March. These were the top losers and gainers in the Nifty pack at the end of the trade: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Infratel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ZEE Entertainment </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HUL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finance </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grasim </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td></tr></tbody></table> These are the reasons behind Sensex losing over 2500 points in one week, according to top analysts — and here’s why they believe more weakness is in store. What led to the sharp fall? <ul><li>Weak global cues</li></ul>Global indices across Asia felt the pain in trade today as concerns over the rising coronavirus cases across the world keps investors jittery. Indian indices fell the most amongst emerging Asian markets today. According to Arun Kumar, Market Strategist at Reliance Securities, the current deterioration in the Indian equities is due to negative global cues followed by relatively heavy selling by FIIs on the cash segment. “The Information Technology sector, led by TCS &amp; Infosys lost almost eight days gains in just one trading session. Additionally, the bellwether sector Banks also failed to garner any buying interest and collapsed as bears pressed ahead with their selling pressure. The Nifty 50 has edged closer to its long-term average of 10,760 (200 DMA). Any fresh selling below this point would damage the medium-term sentiments of the market,” he said. <ul><li>Resurgence of coronavirus cases </li></ul>Analysts believe the looming COVID-19 uncertainty in the US and Europe also contributed to the downfall in the global market. "Given the uncertainty to economic outlook from the second wave of covid, US presidential elections and the US stimulus package, investors are shunning risky assets. Commodities and equities have sold off," said Abhishek Goenka, Founder and CEO, IFA Global. <ul><li>Strong dollar and FII outflows</li></ul>“The ‘Dollar Index’ which we had recently highlighted for its breakout has moved higher which too is not good for the equity markets. The immediate support for Nifty is placed in the range of 10800-10750 followed by 10670, whereas 11000-11100 will be seen as resistance on pullback moves. Thus, we continue with our advice for traders to stay light and avoid overnight positions,” Ruchit Jain Senior Analyst — Technical and Derivatives at Angel Broking said. <ul><li>F&amp;O expiry jitters</li></ul>Calling it one of the “worst expiry days” for Indian markets in the recent past, Jain from Angel Broking said “There was no respite for any of the indexes as all the sectors, including the recent outperformers took a sharp knock.” And, according to Vinod Nair, <a href="https://www.livemint.com/market/stock-market-news/sensex-slumps-nearly-2-500-points-in-6-days-key-reasons-for-this-selloff-11600931500520.html">Head of Research at Geojit Financial Services</a>, “The uncertainty regarding an economic recovery, the unabated rise in virus infections, and today being derivatives expiry day, all contributed to the negativity.” Analysts see further weakness in the market Sachin Jain, an analyst at ICICI Securities, said the year so far has been a tale of two halves with the first half in February and March witnessing a sharp unprecedented fall, while the second half since then witnessed a sharp recovery. “The correction in the range of 10-15%, particularly in mid-and small-caps, should not be construed as negative”. But Jain remained positive on the overall outlook of the market and recommended the buy on dips investment strategy. According to Jain at the moment, investors should avoid any aggressive contra trades, “as there are no positive signs and hence, we continue with our cautious approach on the markets. There could be some pullback from here as we have approached the ‘200 DMA’ which coincides with some important retracement levels as well. However, markets are likely to face selling pressure on pullback moves.” The Axis Direct daily <a href="https://simplehai.axisdirect.in/research/reports/fundamental">market note </a>also highlighted “Nifty is trading below 20 and 50 days SMA, which indicates negative bias in the short term. The daily strength indicator RSI has turned negative from the overbought territory and is below its reference line indicating sustained downtrend.” SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/upcoming-ipos-in-india-mazagon-dock-shipbuilders-uti-amc-and-likhitha-infrastructure/articleshow/78293918.cms" data-type="tilCustomLink">Three more IPOs to hit the Indian market next week — Mazagon Dock Shipbuilders, UTI AMC and Likhitha Infrastructure</a> <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-and-sbi-customers-are-facing-upi-payment-glitches/articleshow/78293815.cms" data-type="tilCustomLink">HDFC Bank and SBI customers are facing UPI payment glitches</a>

Sensex down 7% this week, sees the second-worst fall this year— these are the reasons behind the sell-off

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Shailesh AndradeThe Indian Navy's Scorpene submarine INS Kalvari escorted by tugs as it arrives at Mazagon Docks, a naval-vessel ship-building yard, in Mumbai, October 29, 2015.</div></div></div>India has contacted six foreign shipyards with a formal request for information about building six nonnuclear submarines.The request comes as part of Project 75I, a program worth over $12 billion, <a href="http://www.defensenews.com/naval/2017/07/26/indian-navy-formally-launches-submarine-acquisition-program/" target="_blank" rel="noopener noreferrer">according</a> to <keyword id="6354810" type="ORGANIZATION" weightage="100" keywordseo="Defense">Defense</keyword> News.New Delhi asked shipyards in Russia, France, Japan, and Germany, among others, for information about six submarines equipped with air-independent-propulsion systems, which allow nonnuclear subs to operate without access to atmospheric oxygen, replacing or augmenting diesel-electric systems.New Delhi is seeking "a proven, effective, state-of-the-art, electric heavyweight torpedo; a land attack missile, and perhaps even an underwater-to-air missile against enemy helicopters and mines," Anil Jai Singh, a retired Indian navy commodore and defense analyst, <a href="http://www.defensenews.com/naval/2017/07/26/indian-navy-formally-launches-submarine-acquisition-program" target="_blank" rel="noopener noreferrer">told</a> Defense News.Once a response is received from interested shipyards, India will issue a formal request for proposal, then put three or four of the shipyards on a shortlist.<div class="KonaFilter image-container display-table"><div><div class="image on-image">REUTERS/Shailesh Andrade/FileEmployees stand in front of the Indian navy's first Scorpene submarine before being undocked from Mazagon Docks, a naval-vessel ship-building yard, in Mumbai, April 6, 2015.</div></div></div>It will be a multiyear process, in part because of New Delhi's Strategic Partner policy, under which a foreign shipyard will be paired with a domestic one in order to compete for the contract.One contractor <a href="http://www.defensenews.com/naval/2017/07/26/indian-navy-formally-launches-submarine-acquisition-program" target="_blank" rel="noopener noreferrer">told</a> Defense News that the strategic-partner selection should be done by 2019. Another analyst and retired Indian navy officer said it could be "a good seven to eight years after a deal is signed" before the first sub build under the P75I program hits the water.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">RNGS REUTERSThe Indian and Chinese submarine fleets, as of December 2014.</div></div></div>India's interest in submarines comes as China's growth has increased traffic in the Indian Ocean and through the narrow Malacca Strait connecting it to the waters of East Asia, both above and below the water.India has been <a href="http://www.businessinsider.com/china-troops-to-overseas-base-operational-security-concerns-for-us-2017-7" target="_blank" rel="noopener noreferrer">tracking Chinese submarines</a> entering the Indian Ocean since 2013, and a 2015 US Defense Department report confirmed that Chinese attack and missile submarines were operating there.China has framed its activity in the Indian Ocean and along the African coast as focused on non-military operations, including humanitarian aid, emergency missions, and anti-piracy patrols.Indeed, the 550-mile-long Malacca Strait, bordered by Indonesia's and Malaysia's jungle shorelines, has <a href="https://www.pri.org/stories/2014-03-27/world-has-new-piracy-hotspot" target="_blank" rel="noopener noreferrer">become a hotspot</a> for pirates eyeing the 50,000 ships that pass through it each year.But that activity - coupled with Beijing's growing economic activity in the Africa as well as the <a href="http://www.businessinsider.com/china-troops-to-overseas-base-operational-security-concerns-for-us-2017-7" target="_blank" rel="noopener noreferrer">numerous facilities and alliances</a> it has established along the coast of South Asia - have made India and others wary."The pretext is anti-piracy patrols in the Gulf of Aden," an Indian defense source <a href="http://www.businessinsider.com/pentagon-report-on-china-military-base-expansion-2017-6" target="_blank" rel="noopener noreferrer">told The Times of India</a> in May. "But what role can submarines play against pirates and their dhows?"India has already posted warships near the Malacca Strait to monitor maritime activity and has US-made P-8I Poseidon surveillance planes stationed on the Andaman and Nicobar Islands, an archipelago northwest of the Malacca Strait where India <a href="http://www.businessinsider.com/malabar-2017-photos-of-us-india-and-japan-war-games-in-indian-ocean-2017-7/#while-indias-navy-is-smaller-than-chinas-new-delhis-control-of-the-andaman-and-nicobar-islands-give-it-advantageous-position-relative-to-the-malacca-strait-which-connects-east-and-southeast-asia-to-the-indian-ocean-in-june-indian-warships-were-assigned-247-patrols-at-the-western-edge-of-the-malacca-strait-to-monitor-maritime-movement-in-the-area-3" target="_blank" rel="noopener noreferrer">plans to expand</a> its security presence.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Christopher Woody/Google Maps</div></div></div>The US has <a href="http://www.businessinsider.com/malabar-2017-photos-of-us-india-and-japan-war-games-in-indian-ocean-2017-7/#indian-air-and-naval-forces-were-already-posted-at-the-andaman-and-nicobar-islands-and-new-dehli-is-looking-to-expand-security-infrastructure-there-the-us-has-also-agreed-to-sell-surveillance-drones-to-india-which-may-also-be-deployed-to-the-area-4" target="_blank" rel="noopener noreferrer">agreed to sell</a> New Delhi surveillance drones that could be paired with the Poseidons and used to track Chinese maritime movements in the area - including those of submarines. It is also working to build radar stations on islands in the Indian Ocean and an "undersea wall" of sensors between southern India and northern Indonesia.China, which is heavily reliant on imported fuel, got about 80% of its oil imports and 11% of natural-gas imports from ships transiting the Malacca Strait. The Tribune of India <a href="http://www.tribuneindia.com/news/nation/indian-navy-looks-to-dominate-malacca-straits/421162.html" target="_blank" rel="noopener noreferrer">reported</a> in June that India's activity around the strait was "part of the target given to the Navy to ensure its dominance in the Indian Ocean by 2020."India's growing focus on submarines and submarine warfare was underscored during <a href="http://www.businessinsider.com/malabar-2017-photos-of-us-india-and-japan-war-games-in-indian-ocean-2017-7" target="_blank" rel="noopener noreferrer">the Malabar 2017 naval exercises</a>, conducted with the US and Japan in mid-July. Anti-submarine warfare was one of the exercise's components.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">REUTERS/China DailyChinese sailors on top of a submarine during a China-Russia joint naval exercise in the Yellow Sea, April 26, 2012.</div></div></div>New Delhi's increasing focus on its southern approaches and the broader Indian Ocean come in contrast to centuries of attention paid to security threats at and around its northern boundaries (India and China are currently embroiled in a <a href="https://www.nytimes.com/2017/07/26/world/asia/dolam-plateau-china-india-bhutan.html?_r=1" target="_blank" rel="noopener noreferrer">dispute</a> over territory on the China-Bhutan border.)"This is a tectonic shift in India's security calculus, that it has to protect its southern flank," Brahma Chellaney, a professor of strategic studies at the Center for Policy Research, <a href="https://www.nytimes.com/2017/07/10/world/asia/india-us-japan-war-games-china.html?smid=tw-nytimesworld&amp;smtyp=cur&amp;_r=0" target="_blank" rel="noopener noreferrer">told</a> The New York Times.China - which recently <a href="http://www.businessinsider.com/china-troops-to-overseas-base-operational-security-concerns-for-us-2017-7" target="_blank" rel="noopener noreferrer">dispatched troops</a> to its first overseas base in Djibouti, sent warships to naval exercises with Russia in the Baltic Sea, and <a href="http://www.businessinsider.com/chinese-spy-ship-seen-near-us-australia-talisman-saber-war-games-2017-7" target="_blank" rel="noopener noreferrer">deployed a surveillance ship</a> to observe US-Australia naval drills - has reacted to developments in the region with dismay. An editorial published this month in the state-run newspaper China Daily <a href="http://www.businessinsider.com/malabar-2017-photos-of-us-india-and-japan-war-games-in-indian-ocean-2017-7/#china-for-which-the-malacca-strait-provides-the-main-channel-for-maritime-trade-and-energy-shipments-has-reacted-with-disquiet-an-editorial-this-month-in-government-run-english-language-newspaper-china-daily-said-it-was-beijing-that-should-feel-security-concerns-6" target="_blank" rel="noopener noreferrer">said Beijing is the one</a> "that should feel 'security concerns,' given the importance of the Indian Ocean for its trade and oil imports." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/pakistan-tested-submarine-launched-nuclear-capable-missile-india-babur-2017-1">Pakistan says it has fired its first submarine-launched nuclear-capable missile</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="c5MmV0ODE6uTXkkvOWEys-k6Djxmr5kT" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Top stocks to watch — Vedanta, Wipro, RITES, Mazagon Dock, UTI AMC, Glenmark Pharma, and others

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Top stocks to watch— Future Retail, HDFC, Indiabulls Housing, Vodafone Idea, PVR, Welspun Corp and others

Navdeep Yadav

Sensex down 7% this week, sees the second-worst fall this year— these are the reasons behind the sell-off

Navdeep Yadav

India is shopping for submarines as China extends its reach into the Indian Ocean

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