The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 24-points gain.
The BSE Sensex rose 32.02 points to 60,718.71, while the Nifty50 was up 6.70 points at 18,109.50 in the previous session and formed a bearish candle on the daily charts as the closing was lower than opening levels.
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According to pivot charts, the key support levels for the Nifty are placed at 18,050.4, followed by 17,991.4. If the index moves up, the key resistance levels to watch out for are 18,189.3 and 18,269.2
Top stocks in focus today:
SJS Enterprises
Goldman Sachs Funds – Goldman Sachs India Equity Portfolio acquired 2,54,786 equity shares in the company at Rs 527.04 per share and SI Investments ## Broking Pvt Ltd purchased 3 lakh shares in the company at Rs 542.32 per share; however, CREDIT Suisse Singapore Limited (ODI) sold 3,65,607 equity shares in the company at Rs 530.78 per share, and Rasmikantbhai A Thakkar offloaded 2,48,981 equity shares in the company at Rs 542 per share on the NSE, the bulk deal data showed.
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MSP Steel & Power
The company reported a higher consolidated profit at Rs 9.36 crore in Q2FY22 against Rs 6.54 crore in Q2FY21, revenue increased to Rs 571.74 crore from Rs 445.74 crore YoY.
Capri Global Capital
Raj Kumar Ahuja resigned as Group Chief Financial Officer of the company.
Eicher Motors
The company’s officials will participate in UBS India Virtual Conference 2021 on November 16, Morgan Stanley Asia Pacific Summit & Centrum Annual Investor Conference on November 17, and CLSA India Forum 2021 & B&K Securities Investor Conference on November 18.
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Vodafone Idea
The company’s officials will meet institutional investors in ‘CITIC CLSA India Forum 2021’ on November 16.
Foods & Inns
The company has obtained approval from the National Stock Exchange of India for a listing of its equity shares on NSE’s trading platform.
Graphite India
ICRA reaffirmed the long-term rating at AA+ and short term rating at A1+ for Rs 1,000 crore bank working capital facilities of the company. The outlook on the long-term rating is revised to Stable from Negative. ICRA assigned a short-term rating at A1+ for the Rs 300 crore commercial paper programme of the company.
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Phoenix Mills
Canada Pension Plan Investment Board through its entity CPP Investment Board Private Holdings (4) Inc to invest up to Rs 1,350 crore in multiple tranches in the company’s subsidiary Plutocrat Commercial Real Estate (PCREPL) against a 49 percent stake.
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Escorts
The company will increase the prices of its tractors effective November 21 and consider raising funds via debentures/QIP/rights issue on November 18.
Sirca Paint India
PGIM India Mutual Fund (PGIM India Midcap Opportunities Fund) bought 1,63,874 equity shares in the company at Rs 435.74 per share on the NSE, the bulk deal data showed.
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