Ten stocks in focus in Wednesday morning trade

NEW DELHI: The Indian markets are trading deep in the red, a day after benchmark Sensex slipped over 500 points.

"However, the silver lining for the index (Nifty) lies in the fact that it has closed near its 100DMA with RSI signaling oversold zone for Nifty," LKP said in a report.

At 10:14 am, the Sensex was at 26,510.98; down 270.46 points

The Nifty was at 7,973.45; down 94.15 points.
Here is a list of ten stocks which are likely to be in focus today:

SpiceJet: Coming to the rescue of the crisis-ridden budget airline SpiceJet, the Civil Aviation Ministry said it may request Indian banks/financial institutions to extend loans of upto Rs 600 crore to the airline as part of measures to keep the carrier functional.

Tata Steel Ltd: Tata Steel may be allowed to resume production from its biggest iron ore mine this month, a government official said, ending a stoppage of over three months that has forced the firm to import the raw material for the first time ever.

Alstom T&D India Ltd: The company has bagged an order of about Rs 151 crore order from Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to supply a 400/220 kV substation in Bhadla and expand the existing 400/220 kV substation in Bikaner.

Adani Power, JSW Energy & Tata Power: Ahead of the coal block auctions, hectic M&A activity has picked up in the power sector and assets worth over Rs 30,000 crores are up for sale.

Large banks and private equity firms confirmed to ET Now that there is a flurry of deal talks in the power sector which will lead to further consolidation. Power companies like Adani Power, JSW Energy, Tata Power and CESC are scouting around to buy assets of debt-laden companies

M&M Ltd: Auto major Mahindra & Mahindra may observe up to 7 days in a month as 'No Production Days' at some of its plants till March 2015, said media reports.

Natco Pharma: The committee of Directors of Natco Pharma Ltd at a meeting held on December 16, 2014 allotted 1,61,775 equity shares of Rs. 10/- each at a premium of Rs. 1190/- per share on preferential basis other than cash to the promoters of Natco Organics Limited.

NMDC Ltd: Steel Ministry directed PSU iron ore miner NMDC to advance its 100 mtpa production target by four years to 2020-21 to ensure the raw material for the domestic steel industry at reasonable prices.

Jagran Prakashan Ltd: The company on Tuesday announced that it will enter the radio industry by buying Music Broadcast Pvt. Ltd. The deal is estimated to be worth some Rs.500 crore, said media reports.