The Indian stock market is likely to begin cautiously, as the SGX Nifty index is expected to open with an 18-point rise, indicating a flat opening for the index in India.

In the previous session, the market gave up most of its intraday gains due to volatility and ended the day flat. The Sensex ended the day 29.41 points higher, or 0.05 percent, at 60,077.88, while the Nifty rose two points, or 0.01 percent, to 17,855.10.

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The Nifty’s key support levels, according to pivot charts, are 17,790.83 and 17,650.23. The key resistance levels to watch if the index continues to increase are 17,931.43 and 18,072.03.

Top stocks in focus today:

Whirlpool

Elica S.p.An (MTA: ELC) and Whirlpool of India have agreed to buy an additional interest in Elica PB India through a share purchase agreement. Elica PB India would become a Whirlpool India majority-owned subsidiary, with its financial statements consolidated under Whirlpool India. By the end of September 2021, the deal should be completed. Both groups will continue to operate in the same manner as they do now.

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Raymond

 Raymond Limited’s Board of Directors has authorized the merging of the Tools & Hardware and Auto Components businesses into the Engineering division in order to improve synergies and explore monetization alternatives in order to deleverage the company. The main goal is to create wealth for shareholders.

Bharat Forge

By being the first business to receive Nadcap accreditation for Metallic Materials Production, Bharat Forge’s Aerospace Business Division sets the bar for quality standards for its products and manufacturing facility.

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HDFC

HDFC Bank has issued and assigned 6.44 percent Unsecured, Redeemable Long Term, Fully Paid-up, Non- Convertible Bonds in the type of Debentures in the amount of Rs5000cr (50000 Bonds with a face value of Rs10,00,000/- apiece) through a private placement.

RBL Bank 

The RBI fined the bank Rs2 crore for violating deposit and board composition rules.

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Websol Energy System 

A Kolkata-based business that makes solar cells and modules has gained permission from the Ministry of New and Renewable Energy (MNRE) of India for its Websol Module, which will be included in the list of “Approved Module Manufacturer (ALMM) given by the Government of India.” BIS and IEC61215 have also given their clearance to the company’s module. As a result, Websol modules are now eligible for sale in the domestic market for projects that have been approved under various Government of India programs.