HDIL may move up in today's session

The following stocks may see action in today’s trade.

Private equity firm 3i, has reportedly bought a 5% stake in Welspun Gujarat Stahl Rohren for Rs 350 crore. Report suggests, the fund acquired shares from secondary market.

ICICI Venture Funds Management is reportedly floating a $2 billion real estate fund. The fund, which will be launched next month, will have tenure of ten years and the money will be invested in projects within three years.

Housing Development and Infrastructure (HDIL) has reportedly won the bid for 276 acres of slum land near Mumbai international airport.

Wockhardt is reportedly in talks to acquire US drug maker Morton Grove Pharmaceuticals Inc, a company that makes prescription liquid pharmaceutical products.

Apollo Tyres is likely to be the after-sales partner for the Tata Rs 1 lakh car. Apollo Tyres is reportedly planning to commence its association with Tata’s Rs 1 lakh car project as after-sales partner and later graduate to an original equipment partners.

TCS reported good Q2 results. TCS' consolidated net profit as per US GAAP rose 5.18% to Rs 1246.93 crore on 8.4% growth in revenue to Rs 5639.84 crore in Q2 September 2007 over Q1 June 2007. The results hit the market after trading hours on Monday, 15 October 2007.

The following firms will announce results today: Blue Dart, IDBI, Jubilant Technologies, Reliance Petroleum, Shasun Chemicals and HCL Technologies.

Foreign institutional investors were net buyers of equity worth Rs 2868.59 crore on Monday, 15 October 2007 while domestic institutional investors sold Rs 281.11 crore of equity on that day, according to provisional data released by NSE.