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.

"That possibility cannot be ruled out. But looking at the evidence on the ground, I would expect at least a 30-40 point gap-down opening on the Nifty50 on Wednesday. In case the index bounces back to around 7,750-7,780, that should be sold into," said Sandeep Wagle, Founder & CEO, Power My Wealth.

"I do not even think 7,800 on the index will be crossed on the upside. On the downside, it would be a matter of time when we should test 7,550," he added.

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

Infosys Ltd: Infosys has spent only Rs 20 crore of its proposed Rs 400 crore ($65 million) investment announced towards carbon-offset projects, announced in May this year. This is towards meeting a key sustainability goal of becoming carbon neutral by 2018

Dr Reddy's Laboratories Ltd: Dr Reddy's Laboratories Limited today informed the Bombay Stock Exchange that it has submitted response to the US Food and Drug Administration (USFDA) on Monday.

Havells India Ltd: A maker of lighting and electrical products, may divest its majority stake in European lighting systems and fixtures company Sylvania, which it acquired in 2007 and became a global player, two people familiar with the negotiations told ET.

Ashoka Buildcon Ltd: Roads developer Ashoka Buildcon said it has fully acquired Ashoka Path Nirman Ltd. Highway developer Ashoka Buildcon has a portfolio of over 28 public-private partnership projects.

Bharti Airtel Ltd: Airtel will launch 4G services in Rajasthan within a few days and cover other important cities in next six months, a top official said.

Orchid Chemicals & Pharmaceuticals Ltd: Pharma major Orchid Chemicals & Pharmaceuticals Ltd informed BSE that production operations of the company's bulk drugs plant located at Alathur, Tamil Nadu have been disrupted from December 2, 2015, due to flooding at the factory premises caused by heavy rains in Chennai, said a media report.

IIFL Holdings Ltd: Fairfax India Holdings, owned by Canadian billionaire Prem Watsa, has increased its stake in IIFL Holdings to almost 31%, making it the biggest shareholder of the financial services firm. Fairfax acquired 21.85% in IIFL through a recent voluntary open offer for roughly Rs1,340 crore.

Electrosteel Steels Ltd: A consortium of 27 lenders, led by State Bank of India, have approved part conversion of Kolkata-based financially troubled Electrosteel Steels' about Rs. 2,507 crore worth debt into equity shares under the SDR scheme, said a media report.

Punjab & Sind Bank: The bank announced that All India Bank Officers' Confederation (AIBOC) has given a notice to IBA calling for All India Bank Strike on 11 December 2015, said a media report.

Shemaroo Entertainment Ltd: Film content and entertainment business provider Shemaroo Entertainment plans to launch its movie premiere service 'Miniplex' on cable and online after partnering with two DTH players.