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.

"We have witnessed some profit booking at higher levels - 8,350-8,380. We are very clearly above the 8,220-8,250 band and until we break 8,200, I would not be that worried," says Sandeep Wagle, Founder & CEO, Power My Wealth.

"Yes, if we open down with a gap on Wednesday and then markets refuse to go up, then yes probably we can threaten to go down and test that 8,050-7,950 band," he adds.

But until then I would talk of 8,200 to 8,350 band at least till expiry and in the rest of the week, adds Wagle.

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

Cipla Ltd: Drug major Cipla's subsidiary has bagged an order worth 2 billion rand (around Rs 1,100 crore) for HIV drugs from the South African government.

Yes Bank Ltd: Private sector lender Yes Bank said it has raised $200 million in an unsecured loan from Asian Development Bank for onlending to small farm households and rural womens' self help groups (SHG).

Neyveli Lignite Corporation Ltd: There is a proposal to import coal for Neyveli Lignite Corporation's Rs 14,375-crore thermal power project in Uttar Pradesh due to delays in development of mine allocated for the plant.

UltraTech Cement & Jaiprakash Associates: UltraTech Cement has signed a memorandum of understanding (MoU) to buy two cement plants of Jaiprakash Associates in Madhya Pradesh, a deal that will help consolidate its position as India's biggest cement-maker.

Nirlon Ltd: An affiliate of Singapore sovereign wealth fund GIC plans to take control of India's Nirlon Ltd in a deal estimated to be worth up to $197 million, the companies said on Tuesday.

Bharati Shipyard Ltd: Edelweiss Asset Reconstruction Company is looking to raise up to $100 million (Rs 634 crore) for Bharati Shipyard from foreign investors by April in an effort to infuse liquidity into the cash-strapped shipbuilder, its MD Vijay Kumar told ET.

IOC: State-run Indian Oil Corporation said it will be investing Rs 6,800 crore on capacity expansion and improving fuel quality at its Gujarat refinery unit.

Coal India Ltd: Coal India board has given an `in-principle' approval to formation of two joint ventures, with GAIL and Rashtriya Chemicals & Fertilisers for coal gassification and fertiliser projects respectively at Talcher in Odisha, said media reports.

Fulford India Ltd: A Merck & Co Inc subsidiary, has transferred its consumer care business to Bayer Pharmaceuticals Private Ltd. Bayer AG has globally acquired the consumer care business from Merck & Co. As part of the global transaction, the consumer care products like Alaspan, Polaramine, Tinaderm marketed by Fulford (India) have been transferred to Bayer Pharmaceuticals Private Ltd, Fulford India said in a filing to the BSE.