NEW DELHI: Indian markets are expected to trade in a range on Tuesday following muted trend seen in other Asian markets. The key support for the index is around 6,523 levels.
"The Nifty is expected to trend up till 6600 in the next couple of days. In this period the key support will be at 6523 and resistance will be at 6600," said Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan.
Here is a list of fifteen stocks which are likely to be in focus in trade today:
RIL & ONGC: The Election Commission ordered deferment of an increase in gas prices that was to take effect from April 1. The decision will put consumers and producers such as Reliance IndustriesBSE -3.00 % and ONGCBSE -3.95 % in a quandary because the hike has been stalled after the oil ministry's notification that the new rates would apply from the start of next mo ..
Jaiprakash Associates: Jaiprakash AssociatesBSE 1.02 % has signed an agreement to sell 74 per cent stake in the Bokaro cement unit to Dalmia Cement for around Rs 1,200 crore, a source involved with the deal told ET.
Sun Pharma Ltd: Leading bourse National Stock Exchange (NSE) has given its approval for transfer of 'specified therapeutic and investment' business of a Sun PharmaBSE 0.36 % subsidiary into the parent company.
Tata Power Ltd: Tata Power's rights issue worth almost Rs 2,000 crore will open on March 31 and the proceeds will be utilised for capital expenditure and repaying debt.
Maruti Suzuki Ltd: Looking to make the most of a good demand for its latest hatchback, Maruti Suzuki IndiaBSE -0.12 % is planning to double the production capacity of Celerio to 10,000 a month. The current production of hatchback stands at 5,000 a month.
Engineers India Ltd: State-owned Engineers India LtdBSE 1.35 % (EIL) today said it has won a $40 million contract for the Liwa Plastics project of Oman Refineries and Petroleum Industries Co (Orpic).
MOIL: State-owned manganese producer MOILBSE -0.59 % is planning to spend about Rs 40 crore on prospecting 11 blocks, involving an area of 597.44 hectares in Nagpur and Bhandara districts of Maharashtra.
M&M and Tata Motors: Mahindra & Mahindra, Honda Cars India and Tata MotorsBSE -0.41 % are looking to increase the prices of their models from next month, mainly to offset higher input and operational costs.
Tata Steel Ltd: One of the biggest parcels of land in Mumbai, the 25-acre Tata SteelBSE 0.51 % land in Borivli (E) is believed to have fetched the highest bid of Rs 1,155 crore following a day-long e-auction on Monday. It is rumoured that ..
Marico Ltd: Harsh Mariwala, promoter and CMD of consumer goods firm MaricoBSE 0.58 %, is stepping down as managing director of the firm, two officials directly aware of the developments said. Saugata Gupta, current CEO, will take over the day-to-day operations of the maker of Parachute hair oil and Saffola edible oils, they said.
Arvind Ltd: Ahmedabad-based Arvind Ltd has bought out the 49 per cent stake in Premium Garments Wholesale Trading Pvt Ltd, a joint venture that sells fashion brand Calvin Klein in India, for Rs 100 crore.
IOC: IndianOil Corporation might not proceed with its planned acquisition of the West Bengal government's 40 per cent stake in Haldia Petrochemicals Ltd (HPL) if The Chatterjee Group chief Purnendu Chatterjee was appointed HPL chairman, said media reports.
Financial Technologies Ltd: Financial Technologies India Ltd (FTIL) has informed the BSE it has entered into an agreement with GoldenOak (Mauritius) for the sale of stake in Indian Energy Exchange (IEX), an electricity futures trading platform promoted by it. Under the agreement, Golden Oak will buy 1,364,787 equity shares of FTIL in IEX (face value of Rs 10 each) for Rs 72.89 crore.
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