Sensex pares gains after rallying over 300 points; 10 stocks in focus

NEW DELHI: The S&P BSE Sensex pared gains after rallying over 300 points in trade on Tuesday. Nifty is now below the 8700-mark.

Markets @ 12:11

Sensex at 28,606.24; up 168.53 points. Nifty at 8,683.85; up 50.70 points.

Top gainers on Sensex: HINDALCO (4.4%), DR. REDDY'S (3.3%), TATA STEEL (2.8%), SESA STERLITE (2.8%), TATA MOTORS (2.5%)

Top losers: BHARTI AIRTEL (-1.5%), INFOSYS (-0.9%), ONGC (-0.1%), GAIL (-0.1%), TATA POWER(-0.1%)
Markets @ 10:45 - Sensex up 281.92 points at 28,719.632. Nifty at 8,716.65; up 83.50 points.

Top gainers on Sensex: TATA MOTORS (3.3%), HINDALCO (3.1%), SESA STERLITE (2.7%), CIPLA (2.5%), DR. REDDY'S (2.3%)

Top losers: BHARTI AIRTEL (-0.7%), GAIL (-0.3%), INFOSYS (-0.2%), ONGC (-0.1%)


Here is a list of ten stocks which are likely to remain in focus today:
Tata Motors Ltd: Tata Motors, the nation's top commercial vehicle maker, has bagged orders for more than 4,000 buses from states transport authorities under the second phase of the union government's national urban renewal mission, a top executive said.

Pipavav Defence Ltd: Market regulator Sebi has asked stock exchanges for details of trades done in the Pipavav Defence stock prior to the company's recent announcement of stake sale to Reliance Infrastructure, said a senior exchange official.

Amtek Auto Ltd: Amtek Auto, one of India's largest auto component makers, is all set to acquire Scholz Edelstahl GmbH of Germany, according to multiple people close to development.

Bharti Airtel Ltd: Bharti Airtel added 30.69 lakh subscribers to take its base to 22.31 crore at the end of February. It has a market share of 32.01%.

HSIL: Sanitaryware company HSIL Ltd has raised Rs 250 crore from the market via Qualified Institutional Placement (QIP) to reduce interest cost.

Granules India Ltd: Drug maker Granules India said US health regulator FDA has inspected its Gagillapur manufacturing facility near Hyderabad and did not find any deviation from good manufacturing norms.

ONGC: The government is examining CAG allegations of irregularities in ONGC hiring a deep sea drilling rig from Reliance Industries and will take appropriate action, Oil Minister Dharmendra Pradhan said on Monday.

Zee Media Corporation Ltd: The company said its right issue to raise Rs 195.55 crore from the open market would open on March 25. The company board has approved for the proposed Rights issue of up to 1,08,643,732 Equity Shares of Re 1 each of the Company at the issue price of Rs 18 per Share aggregating to Rs 195.55 crore.

Piramal Enterprises Ltd: Ajay Piramal's flagship Piramal Enterprises is in advanced negotiations with the Reddys of Apollo Hospitals to buy the latter's fledgling healthcare software venture Health Super Hi-Way, in what would be a unique marriage between healthcare and Big Data if it goes ahead.

Idea Cellular Ltd: EuroPacific Growth Fund today picked up over three crore shares of Idea Cellular for Rs 534 crore through an open market transaction. As per data bulk deal data available with the stock exchanges, the fund has purchased a total of 30,157,849 shares of the telecom player.