Stocks to watch: SBI, IDBI Bank, Hero Moto, Bajaj Electricals, NTPC, Cipla

Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.

Stocks to watch today: The Indian equity markets are likely to start trade on a muted note ahead of the US Federal Reserve’s (US Fed) rate decision following the 2-day June meet. As of 7:15 AM, the SGX Nifty Futures quoted 15,714 levels, indicating a minor gap-down of 18-odd points. The US Fed is likely to raise interest rates by at least 50 basis points in order to tame elevated inflationary pressures.
 

Meanwhile, here is a list of stocks that are likely to see some action in trade on Wednesday:
 

Banks in focus: India’s largest lender, State Bank of India