The Indian stock market is likely to begin in the green, with the SGX Nifty indicating a 107-point rise for the index in India. The BSE Sensex lost 77.94 points to 58,927.33, while the Nifty50 slid 15.30 points to 17,546.70, forming a bearish candle on the daily charts due to the closing being lower than the starting levels.

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According to pivot charts, the Nifty’s important support levels are 17,510.33, followed by 17,473.96. If the index continues to rise, the important resistance levels to monitor are 17,596.73 and 17,646.77.

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Top stocks in focus today:

Zee Entertainment

According to Punit Goenka, MD & CEO of Zee Entertainment, Essel Group, Zee Entertainment’s promoter, will get a two percent share in the merged firm as part of the merger proposal’s non-compete agreement.

Sarda Energy & Minerals

Sarda Energy & Minerals has authorized a preliminary tariff for Madhya Bharat Power Corporation’s 113 MW hydropower project, accounting for 85 percent of the project’s cost as of March 2021 and a 15.5 percent annual return on equity.

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Bharti Airtel

The telecom major Bharti Airtel stated in a regulatory filing that its Rs 21,000 crore rights offering would begin on October 5. The issue’s closing date was set for October 21, 2021.

Amtek Auto

The BSE and the National Stock Exchange of India authorized the delisting of the company’s equity shares in accordance with the resolution plan approved by the NCLT. The firm will be delisted from exchanges on September 27, 2021. The company’s insolvency professional has nominated Ram Singh Poswal as Chief Executive Officer.

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Adani Ports and Special Economic Zone

The firm has finalized the purchase of a 10.4 percent share in Gangavaram Port from the Government of Andhra Pradesh.

Karda Constructions

During September 20-21, promoter Naresh Jagumal Karda sold 32.5 lakh shares in the business through open market transactions.

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Varun Beverages

On September 21, Varun Jaipuria, a member of the promoter group, sold 18 lakh shares in the business via open market transaction.

Jubilant Ingrevia

Singapore-based subsidiary Jubilant Life Sciences International Pte. Limited has sold its whole 10% share in Safe Foods Corporation for $18.2 million.