Ten stocks in focus on Tuesday, 20 September 2016

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

"We expect a breakout from the range of 8,730-8,850 which will bring the momentum in the direction of the breakout. A breakout is very likely to happen in a day or two after the Fed decision on interest rate becomes clear," Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd told ETMarkets.com.

"Among the key trigger which could move the market going forward Federal Reserve policy meeting which will start Tuesday is going to be key. Fed is projected to keep its benchmark interest rate unchanged," he added. On the other hand Band of Japan's policy decision would also move sentiment of the market.

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

Karur Vysya Bank Ltd: Karur Vysya Bank has informed the BSE that the Board of Directors of the company at its meeting held on September 19 has approved the proposal for sub-division of existing one equity share of Rs. 10 each face value fully paid up into 5 equity shares of Rs. 2 each face value.

NBCC: A navratna central public sector enterprise (CPSE), announced that under the administrative control of urban development (MoUD) it has been nominated for disposal of land assets of the sick CPSEs, said a media report.

Dr Reddy's Laboratories: Drug firm Dr Reddy's Laboratories on Monday said it has launched in the US generic Paricalcitol injection used for treatment associated with chronic kidney disease.

Reliance Industries: Brokerage Citi has said that complex refiners like Reliance Industries could benefit from higher light-heavy crude spreads, lower Brent-Dubai spreads, and official selling price cuts, which do not get captured in the Singapore benchmark.

Financial Technologies: The Enforcement Directorate (ED) has issued a provisional attachment order for Rs 500 crore worth of assets against Financial Technologies India Limited (FTIL) as part of the National Spot Exchange (NSEL) money laundering probe, said a media report quoting sources.

Asian Paints: Asian Paints' step down firm Asian Paints (International) Limited (APIL), Mauritius has transferred its entire holding of 99.18 per cent held in subsidiary Asian Paints (Lanka) to Singapore-based Berger International.

InterGlobe Aviation: The DGCA data showed that no-frills carrier IndiGo carried the most number of passengers at 33.41 lakh with a market share touching almost 40 per cent, while another budget carrier SpiceJet had the highest passenger load factor (PLF) during the month under review at 93.2 percent.

Mangalam Cement: Mangalam Cement has commenced commercial production at its new cement grinding unit of 0.75 million tonnes per annum (mtpa) capacity in Aligarh, Uttar Pradesh, said a media report.

IFCI: State-owned term lender IFCI will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.

Indiabulls Housing Finance Ltd: IBHFL said it has raised Rs 1,330 crore by issuing its first masala bonds to overseas investors.

PI Industries: Citigroup has initiated coverage on PI Industries with a buy rating and a target price of Rs 1,060 citing strong long term growth prospects.

Jubilant FoodWorks: Jubilant FoodWorks said its Chief Executive Ajay Kaul has stepped down to pursue opportunities outside the Jubilant Bhartiya Group and that he would continue in his current role till March 31, 2017, said a media report.