Trending Stocks: Lupin, HDFC, Airtel, KSE and others in news today

The Indian stock market is anticipated to begin in the red, with the SGX Nifty indicating a 107-point drop for the index in India. The BSE Sensex lost 410.28 points to 59,667.60, while the Nifty50 slid 106.50 points to 17,748.60, forming a bearish candle on the daily charts since the closing levels were lower than the starting levels.

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According to pivot charts, the Nifty’s major support levels are 17,578.87, followed by 17,409.13. If the index continues to rise, the major resistance levels to monitor are 17,915.57 and 18,082.54.

Top stocks in focus today:

Lupin

In the United States, the firm introduced Droxidopa capsules, a generic version of Lundbeck NA’s Northera capsules. The medication is used to treat orthostatic dizziness and lightheadedness.

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KSE

On September 24, Godrej Agrovet purchased 507 shares in the business in an open market transaction, raising its stake to 5 percent from 4.99 percent.

Compucom Software

The firm won the bidding and obtained a Letter of Acceptance from the Building and Other Construction Worker Welfare Board (BOCW), Labour Department, Rajasthan for a 12-month contract for building and other construction work. The project is valued at Rs 6.07 crores.

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HDFC AMC 

According to CNBC-TV18, foreign promoter Standard Life Investments plans to sell 1.06 crore equity shares (5 percent ownership) in HDFC Asset Management Company in an open market transaction on September 29. On September 24, LIC of India purchased 1.24 lakh equity shares in the business in an open market transaction, boosting its ownership to 5.007 percent from 4.949 percent previously.

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Atul Auto

On September 27, the company’s commercial production of three-wheelers began at its Bhayla factory in Ahmedabad.

Bharti Airtel 

The firm’s long-term rating on bank credit facilities of Rs20,000cr has been raised to AA+/Stable from AA/Stable by CRISIL.