Trending Stocks: Infosys, Wipro, Airtel, Mahindra and others in the news today

The Indian stock market is projected to begin in the green, with the SGX Nifty indicating a 59-point rise for the index.

The BSE Sensex fell 109.40 points to 60,029.06 on Tuesday, while the Nifty fell 40.70 points to 17,889, forming a bearish candle on the daily charts because the closing was lower than the starting levels.

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According to pivot charts, the Nifty’s major support levels on Wednesday are 17,820.27, followed by 17,751.63. If the index continues to rise, the important resistance levels to monitor are 17,984.87 and 18,080.83.

Also Read| Sensex surges over 250 points while Nifty tops 17,900 in early trade

The following stocks were in the news:

Bharti Airtel  

The telecom operator recorded a  profit of Rs 1,134 crore in the second quarter of 2021-22  compared to Rs 283.5 crore in the previous quarter, while revenue increased to Rs 28,326.4 crore from Rs 26,853.6 crore year on year.

Results on November 3, 2021

State Bank of India, Eicher Motors, Aditya Birla Fashion and Retail, Bata India, DCM Shriram Industries, GPT Infraprojects, Grindwell Norton, Gujarat State Petronet, Gujarat Alkalies & Chemicals, Likhitha Infrastructure, Pfizer, RattanIndia Power, Sharon Bio-Medicine, and Uflex will report third-quarter earnings.

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Other results:

GE Power India 

The firm recorded a greater profit of Rs 39.3 crore in Q2FY22 compared to Rs 37.4 crore in Q2FY21, but sales declined to Rs 732.1 crore from Rs 887.5 crore year on year.

Century Plyboards  

The firm recorded a significantly greater profit after tax of Rs 99 crore in Q2FY22 compared to Rs 50.2 crore in Q2FY21, while sales increased to Rs 813.6 crore from Rs 522.2 crore year on year.

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Minda Corporation 

The firm recorded a greater profit of Rs 39.1 crore in Q2FY22 compared to Rs 25.8 crore in Q2FY21, with sales increasing to Rs 731.3 crore from Rs 656.1 crore year on year.

Mahindra & Mahindra Financial Services 

In October 2021, the company maintained its momentum with a disbursement of Rs 2,650 crore, representing a 20% year-on-year increase. The collection efficiency was found to be approximately 91%.

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Other Stocks in the news:

Infosys 

Infosys Inc. Finacle and IBM worked to assist banks in hastening their cloud transition journeys.

Wipro 

The company has collaborated with TEOCO to create next-generation network solutions for communication service providers.