NEW DELHI: Here is the list of top 10 stocks that could be in focus Wednesday:
NBFCs: The health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic, Bloomberg reported. Premiums on non-bank lenders’ bonds narrowed to a two-year low, according to an index of AAA rated five-year notes. Liquidity and share performance also remained steady from the previous month.
IDBI Bank: Life Insurance Corporation of India (LIC) is planning a gradual sale of its 51% stake in IDBI Bank, three people aware of the matter said, nearly two years after it rescued the lender at the Centre’s instance. In January 2019, India’s largest insurer