BSE Sensex and NSE Nifty ended lower for the second session on Thursday led by losses in banking and automobile sectors.

L&T, Tata Steel, Hero MotoCorp and Infosys were the top gainers, whereas M&M, Axis Bank and Maruti Suzuki India were major losers.

The 10-year bond yield on Thursday hit fresh 17-month high after the Reserve Bank of India’s (RBI) minutes showed that all members of rate setting committee were worried due to rise in inflation and an uncertain recovery of growth.

The 10-year bond yield was at 7.276%-a level last seen on 21 July 2016, compared to its previous close of 7.219%. Bond yields and prices move in opposite directions.

Top Stocks in Action Today

BPCL share price should witness some action today after it was reported that the company has written to the oil ministry for integration with GAIL (India) Ltd and Oil India Ltd as option 1 and 2. India wants to build bigger oil companies to better compete with global oil giants and withstand oil price volatility through integration of state-run oil firms.

In news from banking sector, HDFC Bank Ltd is planning to raise up to Rs 240 billion through a combination of preferential allotment and qualified institutional placement (QIP). The bank will be raising nearly a third of the amount from its parent Housing Development and Finance Corp. Ltd (HDFC).

IVRCL share price hit upper circuit in yesterday’s trade and is expected to see momentum today as well after it was reported the company has agreed to sell two of its road assets in favour of Singapore-based Cube Highways and Infrastructure for around Rs 7.25 billion.

ABB share price should be in limelight in today’s trade after it was reported that the company has won an order worth Rs 1.34 billion to supply state-of-the-art traction equipment for electric locomotives, manufactured by Chittaranjan Locomotive works (CLW).

Coal India share price should see momentum today as the company is hunting potential avenues for buying stakes in coking coal blocks overseas.