The Indian stock market is anticipated to begin in the green, with the SGX Nifty indicating a 74-point rise for the index in India. On October 18, the BSE Sensex finished 459.64 points higher at 61,765.59, while the Nifty50 gained 138.50 points to 18,477 but created a bearish candle on the daily charts.
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According to pivot charts, the Nifty’s major support levels are around 18,433.87, followed by 18,390.63. If the index continues to rise, the major resistance levels to monitor are 18,531.77 and 18,586.43.
Top stocks in focus today:
SBI
On October 18, 2021, the Reserve Bank of India issued a monetary penalty of Rs 1 crore on the State Bank of India for failing to comply with certain directives.
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L&T Infotech
The firm recorded a better profit of Rs551.7cr in Q2FY22 compared to Rs496.8cr in Q1FY22, while sales increased to Rs3,767cr qoq from Rs3,462.5cr.
Indian Energy Exchange
On October 21, the Indian Energy Exchange will consider issuing bonus shares.
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TTK Prestige
On October 27, the firm will discuss a stock split proposal.
Results on October 19
Hindustan Unilever, Nestle India, 5paisa Capital, ACC, Consolidated Construction Consortium, DCM Shriram, Heidelbergcement India, ICICI Prudential Life Insurance Company, ICICI Securities, JSW Ispat Special Products, Jubilant Ingrevia, L&T Technology Services, Mastek, Navin Fluorine International, Nelco, Network18 Media & Investments, Oriental Hotels, Rallis India, Rane Brake Lining, Shakti Pumps, Standard Industries, Sonata Software, Tata Steel Bsl, and TV18 Broadcast will release September quarter earnings on October 19.
Tata Coffee
The business recorded a greater consolidated profit of Rs34.04cr in Q2FY22 compared to Rs23.20cr in Q2FY21, and sales increased to Rs548.52cr from Rs543.43cr year on year.
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HG Infra Engineering
The National Highways Authority of India (NHAI) has chosen HG Infra Engineering as the L-1 bidder for two HAM projects.
Smartlink Holdings
Synegra EMS, a subsidiary of Smartlink Holdings, has got clearance from the Government of India under the Production Linked Incentive (PLI) Scheme to manufacture telecom and networking equipment in India under the MSME category.
