The Indian stock market is anticipated to begin in the green, with the SGX Nifty indicating a 144-point rise for the index in India. The BSE Sensex lost 555.15 points to 59,189.73 on October 6, while the Nifty50 plummeted 176.30 points to 17,646 and formed a bearish candle on the daily charts.

According to pivot charts, the Nifty’s major support levels are 17,544.6, followed by 17,443.2. If the index continues to rise, the important resistance levels to monitor are 17,816 and 17,986.

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Top stocks in focus today:

Bharti Airtel 

According to bulk transactions data, Blackrock India Equities Fund (Mauritius) sold 25,50,064 equity shares in the firm on the NSE for Rs 207.67 per share.

Nazara Technologies

The company received Rs315 crore in funding from prestigious institutional investors. The funds will be used to invest in the firm’s expansion efforts as well as to explore strategic acquisitions in the firm’s many business verticals, which include gamified learning, freemium, skill-based real money gaming, and esports.

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Banks

Global credit rating agency Moody revised the outlook of nine Indian banks from “negative” to “stable.” Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, Export-Import Bank of India, State Bank of India (SBI), and Union Bank of India are among the lenders.

Ambuja Cements

Through open market transactions, Life Insurance Corporation of India purchased 3.99 crore equity shares in the business, raising its ownership to 6.12 percent from 4.11 percent before.

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Titan Company

The company announced a good rebound in demand in the second quarter of fiscal year 22. The jewellery business climbed by 78 percent year on year in Q2FY22 and opened 13 shops during the quarter, while the watches and wearables sector increased by 73 percent year on year, and the eyewear business increased by 74 percent year on year.

NIIT

Sutherland, a leading global digital transformation company based in the United States, and StackRoute, an NIIT Venture, have partnered to launch an immersive training program designed to identify and develop the right talent as high-quality full-stack IT professionals handling critical roles at Sutherland.

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Sobha

Net sales increased by 50.6 percent in Q2FY22 to 13.48 lakh square feet, up from 8.9 lakh square feet in Q2FY21. Total sales climbed 50.9 percent to Rs1,030.2cr from Rs689.9cr during the same time. The firm had its highest-ever quarterly sales volume of 13.5 lakh square feet of super built-up area, and the average cost of financing fell even more during the quarter.

Orissa Minerals Development Company

Life Insurance Corporation of India sold 1.24 lakh equity shares in Orissa Minerals Development Company through open market transactions, lowering its shareholding to 9.08 percent from 11.16 percent before.