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Stocks to watch: SBI, HDFC Bank, Yes Bank, Network18, JSW Steel, Zomato

Stocks to watch today: State Bank of India raised their MCLR lending rate by 20 basis points across all tenors; Network18 group firm Viacom18 eyes expansion after it bagged media rights for IPL.

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)
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Lovisha Darad New Delhi
Stocks to watch today: The Indian equity markets are likely to start trade on a positive note after global cues turn supportive as the US Federal Reserve (US Fed) approved the largest interest rate increase of 75 basis points (bps) in 28 years. As of 7:14 AM, the SGX Nifty Futures quoted 15,788 levels, indicating an upside of 96-odd points on the Nifty50. With a tighter monetary policy, the US Fed anticipates economy to slow below-trend 1.7 per cent this year and unemployment rate to spike above 3.7 per cent by end of this year.
 
That said, on Thursday, June