Ten stocks in focus in Wednesday morning trade

NEW DELHI: Indian markets are expected to trade in a range on Wednesday, tracking muted trend seen in other Asian markets and SGX Nifty.

Bank Nifty continued its pattern of trading in range of 15800-16200. The index is yet to give a decisive breakout which would catapult it to levels of 16800 and above.

Technically, Nifty is expected to consolidate in 8080-8180 range after witnessing continued upside, LKP said in a report.

The support for Nifty continues to be placed at 8080-8100 levels where as resistance continued to be seen at 8200 level, added the report.

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

ICICI Bank Ltd: ICICI Bank, country's largest private lender, approved sub-division of one equity share into five with the aim to increase liquidity of scrip.

NTPC Ltd: Country's largest thermal power producer NTPC has paid a dividend of Rs 4,741.16 crore to the government for the financial year 2013-14.

Bajaj Auto Ltd: Bajaj Auto launched two supersport motorcycles from Austrian partner KTM's stable -- RC 390 and RC 200, priced at Rs 2.05 lakh and Rs 1.60 lakh respectively (ex-showroom Delhi).

Hindalco Industries Ltd: Government is likely to cancel the approvals granted by it to nine companies including Hindalco Industries, Essar and Adani for setting up of special economic zones as no work has been done to execute the projects.

Wockhardt: Drug maker Wockhardt Ltd plans to merge units Vinton Healthcare Pvt. Ltd and Wockhardt Biopharm Ltd with itself as part of a new business realignment.

Lanco Infratech: The Company said on Tuesday that it planned to sell power projects to raise 50 billion rupees ($825 million) and pay down its debts.
Biocon Ltd: Drug maker Biocon today acquired GE Capital's entire 7.69 per cent stake in its research services subsidiary Syngene International for Rs 215.38 crore.
Ranbaxy Laboratories Ltd: Sun Pharmaceutical Industries, India's biggest drug maker, is planning to firm up a series of measures soon with the aim to improve field force productivity in domestic operations of Ranbaxy Laboratories, the company it is in the process of acquiring from its Japanese parent Daiichi Sankyo.

IRB Infrastructure Ltd: With nearly 3,500 kms of road projects likely to be bid out by the National Highways Authority of India ( NHAI) this fiscal, toll-road firm IRB Infrastructure Developers said it expects to bag at least 200-300 km of contracts.

Sesa Sterlite Ltd: The Bombay High Court has put on hold a lower court's order that asked Sesa Sterlite Ltd (SSL) to vacate 500 acres of land allocated to it for a copper smelting plant in Ratnagiri.