Ten stocks in focus in Tuesday morning trade

NEW DELHI: The Indian market is expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.

"I am not that bullish. I would talk of Nifty trading in a range of 7,750-7,900 probably that can be stretched to 7,950. Maybe this week, we may not see that great an action but there is no question of being bearish," said Sandeep Wagle, Founder & CEO, Power My Wealth.

"I think the bottom is made at 7,550, probably we may spend some time in this 7,700-7,900 band. There can be some consolidation, but I would still buy nearer 7,800-7,780 in case of a correction rather than sell," he added.

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

State Bank of India: State Bank of India (SBI), the country's largest lender, will raise up to Rs.12,000 crore by issuing bonds that are Basel-III complaint. The funds will be raised in one or more tranches through private placement.

Reliance Communications Ltd: RCOM on Monday said that it has sold nearly 150 residential flats in Navi Mumbai for Rs 330 crore, the proceeds from which will be used to repay debt.

Granules India Ltd: The drug firm Granules India has received three observations from the USFDA for its Jeedimetla, Hyderabad facility during a recent inspection.

Thomas Cook India Ltd: Travel major Thomas Cook India has entered into a strategic partnership with digital payment solutions company ItzCash to extend its outreach to India's rapidly growing unbanked inward remittance market, by offering remittance services.

Allahabad Bank Ltd: Public sector lender Allahabad Bank has raised Rs 1,000 crore by issuing tier-II bonds on a private placement basis.

Adani Enterprises Ltd: Adani Green Energy, a subsidiary of Adani Enterprises, has acquired 100% equity stake in Ahmedabad-based Duryodhana Developers, Adani Enterprises said in a regulatory statement on stock exchange.

Essar Oil Ltd: Essar Oil's delisting offer failed to go through due to a technical glitch on the part of one of the custodians.

HDIL: Real estate developer HDIL has sold 850,000 square feet of development rights in Kurla here to a company belonging to the Mumbai-based Wadhawan Group for Rs 649 crore, according to people familiar with the developments, said a media report.

Financial Technologies India Ltd: The government has sought yet another extension from the Bombay High Court (HC) for passing a final order to merge scam-hit National Spot Exchange with its parent Financial Technologies India, or FTIL.

Kolte-Patil Developers Ltd: The Board of Directors of Kolte-Patil Developers Ltd at its meeting held on December 21, 2015 has considered and approved the Scheme of amalgamation of Jasmine Hospitality Private Limited, 100% Wholly Owned Subsidiary, said a media report.