Stocks To Watch: Reliance, Future Group, Airtel, Kotak Mahindra Bank

The domestic stock indices are likely to trade on a weak note today, taking cues from their global peers.

Stocks To Watch: Reliance, Future Group, Airtel, Kotak Mahindra Bank

Trends on SGX Nifty indicated a slightly lower opening for the domestic markets.

New Delhi:

The domestic stock indices are likely to trade on a weak note today, taking cues from their global peers. Asian stocks made a shaky start as investors turned increasingly nervous about the global economic outlook. Overnight, Wall Street recorded 21 per cent fall in the first six months of this year — worst since 1970.

Trends on SGX Nifty indicated a slightly lower opening for the markets back home. The Nifty Futures on Singapore Exchange, also known as the SGX Nifty Futures, fell 27 points or 0.17 per cent to 15,695.50.

The 30-share BSE Sensex had declined 150 points or 0.28 per cent to close at 53,027 on Thursday, while the broader NSE Nifty had moved 51 points or 0.32 per cent lower to settle at 15,799.

Here Are Stocks To Watch During Today's Session:

Reliance Industries: RIL has announced a franchise partnership with Pret A Manger to launch and build the British sandwich and coffee chain in India, marking the company's foray into the booming food and beverage industry. Reliance Brands Ltd (RBL) said it would open the food chain across the country, starting with major cities.

Bharti Airtel: The telecom operator said it has opted to defer the payment of AGR (adjusted gross revenue) dues up to FY 2018-19, that are not tabulated in the Supreme Court's order, by up to four years.

Future Group: Future Enterprises Ltd (FEL) has announced another default, this time on payment of interest of Rs 6.15 crore for its non-convertible debentures. This is the fifth default in June by the Kishore Biyani-led Future Group firm.

Indian Oil Corporation: State-owned IOC would invest over Rs 740 crore to raise the capacity of the nation's oldest oil refinery at Digboi in Assam.

Kotak Mahindra Bank: Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 1.6 crore on seven entities, including Kotak Mahindra Trustee Company and Managing Director of Kotak AMC Nilesh Shah, for flouting rules pertaining to mutual funds while investing in Essel Group companies.

Hindustan Unilever: HUL CEO and Managing Director Sanjiv Mehta would be appointed President Commissioner (Non-Executive Chairman) of Anglo-Dutch FMCG major Unilever's Indonesia business.

Further, there is no stock in F&O (Futures and Options) ban period today.

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