Stocks to Watch: RIL, JSW Steel, ACC, PNB, Airtel, Indian Oil

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Reliance Industries: Jio Financial Services is being removed from several FTSE Indices for failing to commence trading after 20 business days. A notice shared by FTSE Russell said that the company had also not announced a firm trading date since its inclusion on July 20. The omission will come into effect from August 22.

The announcement from FTSE also comes at a time when Reliance Industries Ltd is working to list shares of its financial services unit. Earlier reports indicated that a listing date could be shared in the wake of the company's upcoming annual general meeting. JSW Steel: JSW Steel Ltd is considering picking up a 75% interest in Teck Resources' steelmaking coal business Elk Valley Resources, according to a Bloomberg report.

Bloomberg had reported in July that the Mumbai-based company was interested in up to 20% of Teck’s coal business. The potential deal could value the business at $8 billion, said Bloomberg, rivalling an earlier bid by Swiss commodities giant Glencore. According to Bloomberg, Teck said it had received a number of indications of interest in its coal operations, without naming the parties.

ACC/Nykaa/HDFC AMC/PNB/Trent: On August 17th, the National Stock Exchange of India (NSE) revealed adjustments to its primary indices. This will result in the removal of ACC, Nykaa, and HDFC Asset Management Company (HDFC AMC) from the Nifty Next 50 index, with the alteration taking effect on September 29th. In addition to these three companies, Indus Towers and Page Industries will also be ousted from the Nifty Next 50.