Twenty stocks in focus in Tuesday morning trade

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

The Nifty50 on the daily charts is looking bullish. "We can see that Nifty has been making lower highs since the 4th of March, and thus forming a downward sloping trend line on daily charts. The immediate resistance due to this trend line is around 7800," Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd told ETMarkets.com.

"If Nifty50 crosses this resistance and sustains above it, we can expect a strong bullish movement," he added. The RSI has bounced from the 50 level, which supports the bearish view.

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

Tata Steel Ltd: Tata Steel is selling its Long Products business in Europe to investment firm Greybull Capital for a 'nominal consideration', as the struggling steelmaker looks to exit UK after a decade long unsuccessful foray.

Bharti Airtel: India's largest carrier Bharti Airtel received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.

DLF: The decision of DLF's promoters to sell their 40% stake in the rental arm business, DLF Cyber City Development (DCCDL), has potential to unlock value for the listed company DLF.

SKS Microfinance Ltd: Micro loans are set to be cheaper with SKS Microfinance, the listed lender to poor individuals, may well be the first among the small lenders to cut lending rates.

Tata Motors: The global automakers reported a 11 per cent rise in global sales at 1,18,750 units in March, including that of Jaguar Land Rover (JLR) vehicles.

Ricoh India: Ricoh, a darling of Dalal Street in the first half of 2015, is under regulatory glare amid allegations of financial irregularities that recently led to its top officials stepping down.

Aditya Birla Nuvo: Diversified firm Aditya Birla Nuvo said it has completed an additional 23 per cent stake sale in its life insurance firm Birla Sun Life Insurance Company to its Canadian joint venture partner (JV) Sun Life Financial for Rs 1,664 crore

NTPC: State-run NTPC said it has supplied surplus power of up to 100 MW to Gujarat, which is facing power shortage due to multiple outages of their generating units.

Larsen & Toubro: L&T says it is not proceeding with the earlier plan for a Rs 2,000-crore Initial Public Offering (IPO) of shares in its L&T Infotech. The draft prospectus was withdrawn with effect from Monday.

State run oil Cos: Rosneft's Suzunskoye field, part of the Vankor cluster in Russia where Indian state firms are in talks to buy stake, will start producing this year. Oil India (OIL), Indian Oil ( IOC) and Bharat Petroresources signed a preliminary agreement with Rosneft last month for a potential partnership to develop the Suzunskoye, Tagulskoye and Lodochnoye fields located close to already-producing Vankor oil and gas field in the Siberian region.

SPARC: The company has extended the closure of Rights Issue from April 11, 2016 to April 13, 2016, based on requests received from the shareholders of the Company.

Bharat Petroleum Corporation Ltd: BPCL has informed BSE that the Board of Directors are seeking shareholders' consent by way of Postal Ballot for increasing the ceiling of investment by Foreign Institutional Investors (FIIs) in the shareholding of the BPCL from 24% up to 49%.

Shemaroo Entertainment Ltd: The company has informed BSE that CARE Ratings has revised its rating assigned to the Long-term Bank facilities of the Company from 'CARE A- (Single A Minus)' to CARE A (Single A)'.

Tata Chemicals Ltd: Tata Chemicals said its fertiliser plant at Haldia will be shut for about five weeks in September-October due to interruption of ammonia supply.

Edserv Softsystems Ltd: Regulator Sebi today barred Edserv Softsystems, its CMD S Giridharan and four other promoter-directors from the securities markets for three years for non-disclosure of material information in the IPO papers.

Nestle India Ltd: Foods firm Nestle said on Monday that the CFTRI (Central Food Technological Research Institute, Mysuru) has cleared all samples of its instant snack brand Maggi noodles, stating that all 29 samples tested by the research institute are clear.

TTK Prestige Ltd: The company has informed the exchanges that it has signed an agreement to acquire a business in the UK. Towards this, the company has formed a subsidiary TTK British Holdings, which entered into a pact for acquisition of branded kitchenware business Target.

Yes Bank: Yes Bank Ltd has informed BSE that the Bank has allotted 2,23,150 (Two Lakh Twenty Three Thousand One Hundred and Fifty) equity shares of face value of Rs. 10/- each on April 8, 2016 under the YBL ESOP & YBL JESOP V/ PESOPII.

Hindustan Zinc Ltd: Mining mogul Anil Agarwal-led Hindustan Zinc Ltd paid the government about Rs 3,000 crore in special dividend, which the London-based billionaire described as helping the government meet budgetary targets.

Tata Steel & JSW Steel: Deutsche Bank raised its price target on Tata Steel and JSW Steel by 38% and 21%, respectively, as it expects the sector to benefit from the government's focus on building infrastructure and reviving rural demand.