Rate-sensitive stocks, oil-linked stocks, Mazagon Dock, Gati, and HeroMoto Corp, among top scrips to track today

Stocks to watch: The SGX Nifty indicates the domestic benchmark indices will see a positive start to the trade on Thursday, June 8; however, investors will be on tenterhooks ahead of the Reserve Bank of India's bi-monthly monetary policy meeting decision, which will be announced at 10 a.m. today. Further, Asian stocks were weak in the morning trade after the Bank of Canada's surprise interest rate hike revived worries that US rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week.

Let's take a look at the top stocks that may trade actively in today's session:

Rate-sensitive stocks such as real estate, auto companies, and banks are expected to be in focus today before and after the RBI's MPC decision.

Wipro: The company announced on June 7 that it has launched a managed private 5G-as-a-Service solution in partnership with Cisco. The new offering enables enterprise customers to achieve better business outcomes through the seamless integration of private 5G with their existing LAN, WAN, and cloud infrastructure.

Tata Elxsi inaugurated an innovation hub and nearshore engineering centre on June 7 in Troy, Michigan. This also marks the 15th year for Tata Elxsi in Troy, working with some of the leading OEMs, suppliers, and automotive ecosystems in the region, the company said.

Zydus Lifesciences: The company said it has received final approval from the United States Food and Drug Administration (USFDA) for Tadalafil Tablets USP, 20 mg (USRLD: Adcirca Tablets, 20 mg). Tadalafil relaxes the muscles of the blood vessels and increases blood flow to particular areas of the body. It is used to treat pulmonary arterial hypertension and improve exercise capacity in men and women, the company's press release said.

Oil-linked stocks: Oil marketing companies (OMCs) and oil & gas stocks will be in focus today amid reports that the chances of the government imposing the windfall gain tax on petrol and diesel again are less. Zee Business further reported that the OMCs now have enough room to decrease the rates.

Zen Technologies: The company announced it has won an order worth Rs 202 crore from the Ministry of Defence, Government of India.

Mazagon Dock: Germany's Thyssenkrupp and Mazagon Dock Shipbuilders have signed an agreement to participate in a submarine tender by the Indian Navy that, according to a Reuters report, has a value of around $5.2 billion. Thyssenkrupp would take care of engineering and design as part of the planned cooperation, while Mazagon would be in charge of construction and the delivery of six submarines the Indian Navy has tendered, Thyssenkrupp said.

Deepak Fertilisers: Two entities on Wednesday offloaded shares of Deepak Fertilisers and Petrochemicals for Rs 131 crore through open market transactions. The entities are SmallCap World Fund Inc and Anirudh Damani.

Gati: The company announced business updates on June 7. Its total volume, including surface and air express, for May 2023 was up 8 per cent compared to April 2023 and up 1 per cent compared to May 2022.

Hero MotoCorp: The two-wheeler manufacturer was working on a new strategy. The company plans to launch a maximum number of premium models in the coming days.