Twelve stocks in focus in Thursday morning trade

NEW DELHI: The Indian market is expected to trade lower on Thursday tracking weak trend seen in other Asian markets.

"For the time being, investors need to be very stock specific. I have talked about 7710-7750 support zone for the Nifty, and we have closed right within that range, but with some kind of weakness towards the end," said Mitesh Thacker, Technical Analyst, miteshthacker.com.

"My sense is that in case we start breaking below 7,700, we can take index trade, but till then we are trading with the stock specific bias with both long and short positions being taken," he added.

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

RIL Ltd: Reliance Industries (RIL) has challenged the jurisdiction of a panel examining Oil and Natural Gas Corp's ( ONGC) allegations that it pumped out gas from the state-run firm's field, and has argued that the dispute should be resolved by arbitration.

Deepak Nitrite Ltd: Chemical firm Deepak Nitrite Ltd has raised Rs 83.30 crore from institutional investors through private placement of shares. The board approved allottment of 1,17,50,000 shares of Rs 2 each at Rs 70.90 apiece.

Indiabulls Wholesale Services & Jai Balaji Industries Ltd: Leading stock exchange BSE on Wednesday revised the circuit limits for share movement of Indiabulls Wholesale Services and 26 other companies, as part of its surveillance action.

Corporation Bank: The bank said it will buy 4 per cent stake in LIC Nomura Mutual Fund Asset Management Company from existing shareholders for Rs 5.67 crore.

United Breweries Ltd: ICICI Bank Ltd has bought 19.58 lakh shares in local beer giant United Breweries Ltd (UB) at Rs 950.10, representing 0.74% stake in the company bulk deal data on the National Stock Exchange (NSE) on Wednesday showed.

Transwarranty Finance Ltd: The Reserve Bank has allowed foreign investors to buy up to 100 per cent of the paid up capital of Transwarranty Finance Ltd. It has also allowed NRIs to invest up to 24 per cent in the same company.

Technofab Engineering Ltd: The company has informed BSE that a meeting of the Board of Directors of the Company will be held on January 20, 2016, inter alia, to consider and approve the proposal of fund raising by way of qualified institutional placement ("QIP")

NBCC Ltd: State-run construction firm NBCC on Wednesday said it has bagged contracts worth Rs 8,523 crore in last month.

McNally Bharat Ltd: McNally Bharat Engineering Company Ltd has informed BSE that the Company has signed a Memorandum of Understanding with NIPPO India Pvt Ltd (NIPPO), a 100% subsidiary of NIPPO Corporation, Japan to jointly work on Road Construction Projects in India.

Lupin Ltd: Drug major Lupin has launched its Tri-Lo-Marzia tablets, an oral contraceptive drug, in the US market after getting approval from the American health regulator.

Kalpataru Power Transmission Ltd: The company has acquired 100% equity share capital of an SPV Company Alopurduar Transmission Ltd (ATL). The promoters holding in the company stood at 59.45 % while Institutions and Non-Institutions held 31.09 % and 9.46 % respectively, said a media report.

Fortis Healthcare Ltd: According to ET Now sources, Fortis Healthcare is all set to expand outreach in India via hospital tie-ups apart from doubling the bed capacity in existing units in 5 years.