The Indian stock market is anticipated to begin in the green, as trends on the SGX Nifty predict a 34-point rise for the index. The BSE Sensex increased 488.10 points to close at 59,677.83, while the Nifty50 increased 144.30 points to 17,790.30, forming a Doji pattern on the daily charts due to the closure being around opening levels.
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According to pivot charts, the Nifty’s critical support levels are 17,750.2, followed by 17,710.1. If the index continues to rise, the important resistance levels to monitor are 17,844 and 17,897.7.
Top stocks in focus today:
Mandhana Retail Ventures
Rakesh Jhunjhunwala sold 8.52 lakh shares in Mandhana Retail Ventures through open market transactions on October 5-7, decreasing his ownership to 2.40% from 6.26% before.
Tata Consultancy Services
On October 8, Tata Consultancy Services will report profits for the September 2021 quarter.
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KPI Global Infrastructure
The company has entered into a new long-term Electricity Purchase Agreement (PPA) with GHCL Limited, Bhilad for the sale of 1.25 MW of solar power over a 20-year period under the Independent Power Producer (IPP) business vertical.
Ratnamani Metals & Tubes
The company has got a fresh Rs98cr contract from the domestic oil and gas industry for the delivery of carbon steel pipes, which would be completed in 5 to 12 months.
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JSW Energy
The company has inked a deal with GE Renewable Energy, a prominent producer of wind turbines, for the procurement of 810 MW of onshore wind turbines for a pipeline of renewable energy projects currently under construction.
Great Eastern Shipping Company
SBI Funds Management sold 8.4 lakh equity shares in Great Eastern Shipping Company in an open market transaction on October 6, lowering its ownership to 2.85 percent from 3.43 percent previously.
