Ten stocks in focus in Friday morning trade

NEW DELHI: The Indian market is expected to trade in a range on Friday as most of the other emerging as well as developed markets remain shut on account of New Year holiday.

"I was expecting markets to finally give a breakout on the expiry day beyond 7,950-7,960. Perhaps, on Friday or on Monday if we get a burst of momentum beyond 7,960, said Mitesh Thacker, Technical Analyst, miteshthacker.com.

"If the Nifty50 managed to break above 7960, in that case I would take that as a continuation signal and look at targets of 8,050-8,120 on the upside," added Thacker.

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

Cholamandalam Investment & Finance & Pfizer: Leading stock exchange BSE will shift scrips of five firms including Cholamandalam Investment & Finance Company and Pfizer to Group A category, comprising top 300 companies, from January 4.

Bharti Airtel Ltd: Telecom major Bharti Airtel on Thursday said it has acquired the balance 26 per cent stake in Augere Wireless, which holds 4G spectrum in Madhya Pradesh, making it a wholly-owned subsidiary of the company.

IGL Ltd: Compressed Natural Gas (CNG) for automobiles in the national capital region will cost Rs 1.5 per kg less during odd-hours - midnight to 5 am - with effect from midnight tonight.

IDBI Bank Ltd: Public sector lender IDBI Bank said it will raise Rs 3,771 crore during the year by way of qualified institutional placement (QIP).

HDFC Ltd: Mortgage lender HDFC Ltd said it has recorded 50 per cent decline in profit on sale of investment to Rs 57 crore for the quarter ended December.

Piramal Enterprises Ltd: The company is mulling to issue non-convertible debentures (NCDs) to raise up to Rs 500 crore.

Corporation Bank: State-run Corporation Bank has allotted over 2.8 crore shares on a preferential basis to LIC to raise around Rs 143 crore.

Yes Bank & Canara Bank: State-run Canara Bank and private lender Yes Bank announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.

Petronet LNG: Petronet has reworked its long-term gas deal with Qatar's RasGas that will halve the import price and waive the penalty of Rs 12,000 crore for lifting lower than the contracted amount, a sign of the changing global commodity market and the related shift of power to the gas consumers.

Gammon India Limited: Lenders led by ICICI Bank, who recently converted their Rs 5,445 crore debt to 52.55% equity in Gammon India Limited (GIL), have carved out two subsidiaries in the company and are now looking at investment in these subsidiaries, two people with a direct knowledge of the matter told ET.