Fifteen stocks in focus on Wednesday, 21 September 2016

NEW DELHI: The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets.

"The Nifty50 on its daily time series chart has formed another indecisive candlestick pattern in a row over last four days. This series of Doji and spinning top formation is clearly indicating a strong move ahead," Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd told ETMarkets.com.

"However, for directional clue we need price to confirm by breaking the channel between 8,730-8,850 levels. Breakout of this range market is likely to move another couple of hundreds point," he added.

Here is a list of top fifteen stocks that are likely to be in focus today:

Wipro: Azim Premji-backed Wipro on Tuesday, entered into global partnership with Witbe - leader in services quality of experience (QoE), to offer end-to-end test automation and services monitoring department solutions across set-top box, mobile platforms and other handheld devices.

IOC & GAIL: India's biggest refiner Indian Oil Corp Ltd and gas transporter Gail (India) Ltd are set to take a stake in a liquefied natural gas (LNG) terminal being built in Odisha.

ONGC: The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.

MCX & 63 Moons Technologies: The Central Bureau of Investigation (CBI) has arrested Jignesh Shah in a matter related to MCX Stock Exchange, now known as Metropolitan Stock Exchange of India Ltd (MSEI).

Monsanto India: German chemicals conglomerate Bayer made an open offer to buy 26% in Monsanto India as part of a global deal. Bayer is acquiring the U.S. based seed major Monsanto for $66 billion.

Inox Leisure: The Reserve Bank has allowed foreign investors to buy up to 49 per cent stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Dwarikesh Sugar Industries Ltd: The company has informed BSE that in respect of the Qualified Institutions Placement, the board of directors has passed a resolution declaring the opening of the Qualified Institutions Placement on September 20, 2016.

Trent Ltd: Trent Ltd has informed BSE that the Company has redeemed 3,000 rated listed unsecured redeemable non - convertible debentures ("NCDs") of face value Rs. 10 lakhs each at par on due date i.e. September 20, 2016. Total redemption amount was Rs. 300 crore.

Piramal Enterprises: Fair trade regulator CCI has approved Ajay Piramal-led Piramal Enterprises' proposed acquisition of four brands from pharmaceutical major Pfizer.

Vardhman Textiles Ltd: Vardhman Textiles will consider proposal to buy-back the fully paid-up equity shares of the company, Reuters said in a report.

NBCC: NBCC (India), in a post-market hours disclosure to the exchanges, said that it has secured work orders amounting to about Rs 440 crore.

Lokesh Machines Ltd: Lokesh Machines is currently trading at Rs. 78.4, up by Rs. 1.45 or 1.88 per cent from its previous closing of Rs. 76.95 on the BSE.

IRB Infrastructure Developers: IRB Infrastructure said it has bagged a DBFOT road project for six-laning of 125 km long Kishangarh-Udaipur-Ahmedabad section in Rajasthan.

TeamLease Services Ltd: Staffing firm TeamLease Services Ltd has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Prestige Estates Projects: India's second largest listed real estate developer Prestige Estates Projects plans to raise at least $300 million, around Rs 2,000 crore, by selling up to 40 per cent stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore.

NTPC: Amid global economic uncertainty, state-owned NTPC remains sanguine about domestic electricity demand and has planned a total capacity addition of 24 GW entailing an investment of Rs 1.6 lakh crore.