Ten stocks in focus in Wednesday morning trade

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

"If we look at the Nifty there is no clear indication, it is moving in a 20 point band up and down. I am not clear where the Nifty will go. I am not even certain wheather the bottom has been made," said Sandeep Wagle, Founder & CEO, Power My Wealth.

"I would like to sell Nifty50 at higher levels of 7830-7850 principally, but, on the contrary you are getting more stocks to go long then shorts. So, that is the confusing part of it," he added.

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

Narayana Hrudayalaya Ltd: Healthcare services firm Narayana Hrudayalaya will list its shares on the stock exchanges on January 6. The equity shares will be listed on National Stock Exchange (NSE) as well as on the BSE.

Godfrey Philips India Ltd: Global tobacco giant Philip Morris International has initiated talks with its Indian partner, KK Modi-led Godfrey Philips India (GPI), in an attempt to take control of the cigarette brands.

Hexaware Technologies Ltd: Baring Private Equity Asia, which acquired control of information technology services firm Hexaware Technologies three years ago, has sent feelers to potential suitors to sell its 71% stake in a deal that could value the Indian outsourcer at outsourcer at Rs 8,000 crore.

Tech Mahindra Ltd: The IT major is working on further boosting its integrated engineering unit with partnerships, investing internally and, potentially, more acquisitions as it looks to capitalize on the opportunities in the automotive space.

Piramal Enterprises Ltd: The company said its committee of directors have approved raising up to Rs 500 crore through issue of secured non-convertible debentures (NCDs).

Tata Power Ltd: Power regulator Central Electricity Commission (CERC) has initiated a suo-moto probe on Tata Power's alleged irregularities in commissioning of four of five units of its Mundra ultra mega power project (UMPP).

Apollo Hospitals Ltd: Income tax investigators conducted searches in the properties of the Apollo Hospitals group, the country's largest healthcare chain.

SpiceJet Ltd: Budget airline SpiceJet has increased its frequencies in existing sectors and upgraded seat capacity on various routes across its domestic and international network to service additional demand from markets that it says are growing.

Thomas Cook India Ltd: The first top-level change at Kuoni India after its acquisition by rival Thomas Cook (India) is the replacement of managing director Rajeev Wagle, who has stepped down following a rejig.

NMDC: NMDC announced that it has achieved iron ore production of 20.08 million tonnes and sales of 20.32 m.t. up to December 31, 2015. While in the Chhattisgarh mines, it produced 11.59 m.t, it logged sales of 11.53 m.t, in Karnataka, it produced 8.49 m.t. and achieved sales of 8.70 m.t, according to a filing made with the BSE.

Reliance Power Ltd: With all the 18 procurers of the 4,000-megawatt (Mw) Tilaiya ultra mega power project (UMPP) agreeing to accept termination of the project, the lead procurer - Jharkhand - would buy 100 per cent shares from Reliance Power, said a media report.