Trending Stocks: Biocon, Parag Milk Foods, NIIT and others in the news today

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 36-points loss.

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The BSE Sensex dropped 396.34 points to 60,322.37 in the previous session while the Nifty50 closed a tad below the crucial 18,000 mark, falling 110.30 points to 17,999.20, and formed a bearish candle on the daily charts.

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According to pivot charts, the key support levels for the Nifty are placed at 17,927.77, followed by 17,856.33. If the index moves up, the key resistance levels to watch out for are 18,101.66 and 18,204.13.

Also Read| Sensex declines over 100 points while Nifty slips below 18,100 in early trade

Top stocks in focus today:

Parag Milk Foods

Investcorp Infrastructure Fund 1 (formerly IDFC Infrastructure Fund 3) sold a 2% stake in the company via open market transactions, reducing shareholding to 3.29% from 5.29% earlier.

Biocon

Subsidiary Biocon Biologics, and Viatris launched interchangeable biosimilars SEMGLEE (insulin glargineyfgn) injection, a branded product, and Insulin Glargine (insulin glargine-yfgn) injection, an unbranded product, to help control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes, in the US.

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Grindwell Norton

The company has made an investment of Rs 15 lakh in Cleanwin Energy Three LLP towards power purchase.

Tourism Finance Corporation of India

The company, on November 22, will consider the issuance of Non-Convertible Debentures to be issued on a private placement basis.

NIIT

The company’s officials will meet investors at Spark Capital’s Annual CHAMPS Conference on November 17.

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UltraTech Cement

The company’s officials will meet GAM Investments, & attend HSBC Virtual Asia Credit Tour conference on November 17.

House of Pearl Fashions

Param Capital acquired 2.5 lakh equity shares in the company at Rs 349.99 per share, however, Premier Investment Fund sold 1.5 lakh shares in the company at Rs 350 per share on the NSE, the bulk deal data showed.

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Intrasoft Technologies

S V Investments bought 1 lakh equity shares in the company at Rs 188 per share on the NSE, the bulk deals data showed.

Punjab Alkalies & Chemicals

Plutus Wealth Management LLP acquired 2.5 lakh equity shares in the company at Rs 194.24 per share on the BSE, the bulk deals data showed.

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TV Today Network

Sunil Singhania-owned Abakkus Asset Manager LLP bought 8 lakh equity shares in the company at Rs 345 per share, whereas Steinberg India Emerging Opportunities Fund was the seller on the BSE, the bulk deals data showed.