Markets in green; top 10 stocks in focus

NEW DELHI: The markets made fresh highs in today's trade, then briefly slipped into the red before getting back in the positive territory.

At 12:14 pm, the Sensex was at 28,487.56; up 44.85 points.

The Nifty was at 8,538.35; up 0.70 points.
Here is a list of ten stocks which are in focus today:

DLF Ltd: Real estate major, DLF has initiated a process to sell 50% of its subsidiary, DLF Cyber City Developers (DCCD) to raise over Rs 3,500 crores, sources with direct knowledge share.

At 10:00 a.m.; the stock was trading 0.6 per cent lower at Rs 154.60.

Reliance Industries Ltd: The government is considering ways to recover $195.3 million from the contractor of the KG-D6 Block because it has disallowed development costs of $2.376 billion, oil minister Dharmendra Pradhan told the Rajya Sabha on Wednesday.

At 10:00 a.m.; the stock was trading 0.2 per cent higher at Rs 968.85.

SAIL: Government will sell a 5 percent stake in state-run Steel Authority of India Ltd (SAIL) on Friday, kicking off a disinvestment program that is crucial for Prime Minister Narendra Modi's government to help cut the budget deficit.

At 10:00 a.m.; the stock was trading 2.9 per cent lower at Rs 83.15.

MTNL: State-owned telecom firms BSNL and MTNL have incurred losses of Rs 3,785 crore and Rs 1,567 crore till September 30 in the current financial year and steps are being taken to revive them, government said today.

At 10:00 a.m.; the stock was trading 2.2 per cent lower at Rs 28.30.

ONGC: The government is considering reworking the subsidy sharing formula for Oil and Natural Gas Corp, Petroleum Minister Dharmendra Pradhan said on Wednesday, in a bid to lower its discount burden and boost the state-run oil company's profits.

At 10:00 a.m.; the stock was trading 0.7 per cent higher at Rs 374.20.

Central Bank of India: State-owned Central Bank of India said it would raise about Rs 626 crore through preferential allotment of shares to country's largest insurer LIC to fund business growth.

At 10:00 a.m.; the stock was trading 0.4 per cent higher at Rs 80.25.

NTPC Ltd: NTPC has approached the Ministry of Environment and Forest seeking amendments to Terms of Reference (TOR) for its proposed expansion of Telangana's Ramagundam power plant to 2x800 mw.

At 10:00 a.m.; the stock was trading 0.4 per cent lower at Rs 142.10.

NMDC Ltd: India's largest iron ore miner, is putting final touches to a corporate plan that aims to raise production more than threefold to 100 million tonne (mt) by 2025. While 90% of it will be produced in India, 10% will come from NMDC's Legacy Iron Ore mines in Australia.

At 10:00 a.m.; the stock was trading 0.14 per cent lower at Rs 138.10.

Suven Life Sciences Ltd: Pharmaceuticals firm Suven Life Sciences Ltd today said it has raised Rs 200 crore through Qualified Institutional Placement (QIP) route to fund its clinical development programme and capital expenditure.

At 10:00 a.m.; the stock was trading 1.1 per cent higher at Rs 222.40.

Sadbhav Engineering Ltd: Sadbhav Infrastructure Projects has filed draft papers with the regulator Sebi for raising up to Rs 600 crore through an initial public offering.

At 10:00 a.m.; the stock was trading 4.7 per cent higher at Rs 277.40.