Stocks to Watch: RIL, Ambuja Cements, Torrent Power, Easy Trip, Banks

Banking shares may see some action after four banks hiked deposit rates in the last one week, an indication that the interest rate cycle has turned amid uptick in loan demand.

The key benchmark indices are likely to start trade on a subdued note amid weak global cues as the Russia-Ukraine worries continue to linger. As of 07:40 AM, the SGX Nifty futures quoted at 17,250, indicating a likely opening loss of 50-odd points on the Nifty 50 index. Meanwhile, here are the top stocks in focus for trade on Friday.

Reliance Industries (RIL): The Mukesh Ambani-led company listed their existing foreign currency bonds of over $7 billion on India INX becoming the largest such listing by a private entity in India INX and GIFT IFSC. The listing includes the $4 billion