Top 5 stocks in focus on June 8: HDFC Bank, Airtel to ICICI Bank, here are 5 newsmakers today

On Tuesday, the Indian market closed firmly in the green but there are certain stocks like HDFC Bank to Reliance Industries which are in news on June 8, 2018, and will have some negative or positive impact in the market today. Here are the stocks that are in the news on June 8, 2018:

Reliance Industries has planned to invest Rs 40,000 crore in partnership with British Petroleum in next 3-5 years at KG-D6 block. Image source: Reuters

On Tuesday, the Indian market closed firmly in the green but there are certain stocks like HDFC Bank to Reliance Industries which are in news on June 8, 2018, and will have some negative or positive impact in the market today. Here are the stocks that are in the news on June 8, 2018:

HDFC Bank (HDFCBank): This private lender has raised the marginal cost of funds based lending rate (MCLR) by 10 points for different tenures. The action was taken a day after the Central Bank, RBI, raised the policy rates by 25 basis points.

Karur Vysya Bank (KARURVYSYA): Joining big banks, Karur Vysya Bank has hiked the MCLR by 10 basis point for different tenures. The hike will have an effect on loans with a tenure of six months and one year.

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Bharti Airtel (BHARTIARTL): Sunil Mittal owned Bharti Airtel has planned to roll out 7,000 mobile sites including pre-5G Massive multiple input multiple output (MIMO) technology across Mumbai in FY18-19. This will help the company to increase its network capacity for high-speed data and voice services. In addition, the companies video streaming app, Airtel TV, has crossed the 50 million users mark on Android platform.

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ICICI Bank (ICICIBANK): Reports are there that the private lender bank will file a consent petition with Securities and Exchange Board of India (Sebi), the market regulator, to end the ongoing investigation against its CEO and MD Chanda Kochhar in Videocon loan case.

Reliance Industries (RELIANCE): Reliance Industries has planned to invest Rs 40,000 crore in partnership with British Petroleum in next 3-5 years at KG-D6 block.

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