Twelve stocks in focus in Wednesday morning trade
Indian markets are expected to trade in a range on Wednesday, tracking muted trend seen in other Asian markets and SGX Nifty.
Nifty has been witnessing upside since last few days and some amount of exhaustion was expected which was evident in its struggle to hold ground above 7900.
"Nifty is expected to face resistance at 7950 levels. On the other hand 7800 level is evolving as an immediate support level for index," added the report.
Here is a list of twelve stocks which are likely to be in focus today
Bharti Airtel Ltd: Telecom major Bharti AirtelBSE 1.88 % is in advanced stage talks with American Tower Corporation (ATC) and Eaton Towers for selling its tower assets in several African countries, including Nigeria, Ghana and Uganda, sources aware of the development said.
Arvind Ltd: Arvind Ltd today announced its foray into e-commerce with custom clothing brand 'Creyate' and said it aims to reach Rs 1,000 cror ..
HDFC Bank Ltd: The controversial proposal of HDFC BankBSE 0.70 % to hike foreign holding may be taken up by the Foreign Investment Promotion Board (FIPB) in the next meeting following clarifications submitted by the bank.
Eros International Media & ZEE EntertainmentBSE 1.42 % Ltd: Eros InternationalBSE 9.24 % Media said that its on-demand entertainment portal has acquired the worldwide rights of 10 shows from Zee TV. With this, content from Zee will be available to ErosNow members without them having to pay any extra subscription costs.
GAIL India Ltd: In a setback to Oil Ministry, gas utility GAIL and refiner CPCL have expressed their inability to deduct $115 million from the amount due to Reliance IndustriesBSE -0.28 % to make up for the additional profit petroleum from the flagging KG-D6 block.
Just Dial Ltd: The Board of Directors of the Company at its meeting held have decided to seek approval of shareholders for increasing the limit on aggregate shareholding of Foreign Institutional Investors/Foreign Portfolio Investors in the Company from existing 49% to 75% of the paid-up equity share capital of the Company.
Ashok Leyland Ltd: Commercial vehicle maker Ashok Leyland, the flagship company of the Hinduja Group, has raised Rs.210 crore from sale of one of its residential properties at Chennai.
Karur Vysya Bank Ltd: The bank said it launched a share sale on Tuesday to raise up to Rs 10 billion ($165 million) from institutional investors. The floor price for the sale is Rs 461.70, the lender said in a regulatory filing.
Wipro Ltd: The IT major is betting on two of its largest verticals serving the financial services and oil and gas sectors as India's third largest software exporter scouts for opportunities in Canada to offset lackluster performance in the US.
NTPC: The government plans to create public sector energy giants with a massive restructuring exercise that will amalgamate all state-run hydropower firms and transfer their thermal projects to NTPCBSE 0.00 % to create strong companies that can take on the rapidly growing private conglomerates.
Ranbaxy Laboratories Ltd: RanbaxyBSE 1.10 % Laboratories' global HR head Sandeep Girotra has stepped down while its president of global pharma business, Rajiv Gulati, plans to leave soon, continuing the shake-up in senior management at the drugmaker that began a few months ago.
