Trending Stocks: SBI cards, MTAR, Torrent, Nucleus and others in news today

The Indian stock market is anticipated to begin cautiously, with SGX Nifty trends indicating a flat opening for the index in India with a 13-point increase.

Also Read| NSE F&O Ban: IRCTC, PNB, SUN TV, Vodafone and others under ban today

The BSE Sensex rose 514.34 points to 59,005.27, while the Nifty50 rose 165.10 points to 17,562, forming a bullish candle on the daily charts.

Also Read| BSE adds 10 million investors in 3 months, hits 80-million mark

According to pivot charts, the Nifty’s major support levels are 17,399.3, followed by 17,236.6. If the index continues to rise, the important resistance levels to monitor are 17,651.5 and 17,741.

Top stocks in focus today:

SBI Cards & Payment Services | Societe Generale 

The bulk transactions data revealed that SBI Cards & Payment Services | Societe Generale purchased 85,06,095 equity shares at Rs 1,021 per share while Carlyle entity CA Rover Holdings and sold 1.6 crore equity shares at Rs 1,021.25 per share and 1.6 crore equity shares at Rs 1,021.01 per share on NSE.

Also Read| India to surpass UK stock market by 2024: Goldman Sachs

MTAR Technologies

NADCAP Certification was granted to MTAR Technologies in Telangana for its 100 percent EOU and Unit 5 for a period of 12 months until November 2022.

Torrent Power | Surya Vidyut

A share purchase deal was signed by Torrent Power to buy a 100% stake in Surya Vidyut, valued at Rs790cr.

Also Read| PayPal completes first international rollout of its crypto offering in UK

Nucleus Software

The board of Nucleus Software will discuss share buybacks on Friday.

Surya Roshni

The Greater Noida Industrial Development Authority (GNIOA) has placed an order with Surya Roshni for Rs41.22cr for the installation of smart LED street lights and a centralized monitoring system with operation and maintenance.

Also Read| All about the Evergrande crisis and its impact on global stock market

Vikas Lifecare

The Agro Products Division has received a $1 million export order, the highest single order received to date.

Shriram City Union Finance

Acacia II Partners LP & Others sold 3 lakh equity shares in the business via open market transaction, lowering ownership from 3.46 percent to 3.01 percent.

Also Read| NDTV Limited rejects reports of ownership change

Welspun Enterprises

The bulk transactions data revealed that Welspun Enterprises | Promoter entity Welspun Group Master Trust purchased 7.5 lakh shares of the business for Rs 103.36 per share on the NSE.