The Indian stock market is anticipated to open cautiously, as trends on the SGX Nifty predict a 106-point drop for the index. On Monday, the BSE Sensex increased 76.72 points to 60,135.78, while the Nifty50 jumped 50.80 points to 17,946, forming a bullish candle on the daily charts due to the closing being higher than the opening levels.

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According to pivot charts, the Nifty’s major support levels are 17,842.7, followed by 17,739.5. If the index continues to rise, the important resistance levels to monitor are 18,045.5 and 18,145.1.

Top stocks in focus today:

Tata Metaliks

The firm recorded a lesser profit of Rs 54.62 crore in Q2FY22 compared to Rs 82.20 crore in Q2FY21, but sales increased to Rs 644.84 crore from Rs 519.63 crore year on year.

Zee Entertainment Enterprises 

Invesco Developing Markets Fund, Zee Entertainment’s largest stakeholder with a roughly 18 percent stake, sent an open letter to Zee shareholders on October 11 highlighting the critical need for independent viewpoints on the company’s Board of Directors.

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Tata Motors 

Group worldwide wholesales, including Jaguar Land Rover, were 2,51,689 cars in Q2 FY22, up 24 percent from Q2 FY21.

Results on October 12 

Bhansali Engineering Polymers, GM Breweries, Indbank Merchant Banking Services, Ind Bank Housing, JTL Infra, and DRC Systems India will report their quarterly profits today.

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PI Industries 

The company has entered into two joint venture agreements with Polymath Holdings, LLC to manufacture and market items for biochemistry processes and biochemical-enabled pharmaceutical intermediates.

HFCL 

The company reported a greater consolidated profit of Rs85.94cr in Q2FY22 compared to Rs53.32cr in Q2FY21, with revenue increasing to Rs1,122.05cr from Rs1,054.32cr year on year.

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Bharat Dynamics

The Life Insurance Corporation of India sold 37.60 lakh equity shares in the business through open market transactions, lowering its stake to 8.44 % from 10.49 % before.

Delta Corp 

The company reported a consolidated loss of Rs22.57cr in Q2FY22, compared to a loss of Rs54.91cr in Q2FY21, but sales increased to Rs74.72cr from Rs38.37cr year on year.