The Indian stock market is anticipated to begin in the red, with the SGX Nifty indicating a 47-point drop for the index in India. On the daily charts, the BSE Sensex lost 254.33 points to 59,413.27, while the Nifty50 plummeted 37.30 points to 17,711.30 and formed a bullish candle.
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As per pivot charts, the Nifty’s major support levels are 17,619.07, followed by 17,526.83. If the index continues to rise, the major resistance levels to monitor are 17,792.67 and 17,874.04.
Top stocks in focus today:
Max Healthcare Institute
Veritas Funds Plc purchased 52 lakh shares in the firm on behalf of Veritas Asian Fund for Rs 350 per share, SBI Mutual Fund purchased 4,28,57,000 shares at the same price, and HDFC Mutual Fund purchased 57 lakh shares at the same price. However, according to the bulk transactions data, promoter Kayak Investments Holding sold 6,02,19,498 equity shares in the firm at Rs 350 per share and 2,42,30,377 equity shares at Rs 350.13 per share on the NSE.
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Indian Overseas Bank
The RBI has removed Indian Overseas Bank from the Prompt Corrective Action Framework.
Zee Entertainment
Invesco takes Zee to the NCLT for a delay in the EGM date for Punit Goenka’s removal.
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Ashoka Buildcon
The company paid Rs2 lakh for the remaining 40% stake in Ashoka Bettadahalli Shivamogga Road (ABSRPL). Following the purchase, ABSRPL is now a wholly-owned subsidiary of the firm.
Blue Dart Express
The company announced a general pricing hike that would take effect in January 2022. In comparison to 2021, the average shipping price increase will be 9.6 percent.
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Lincoln Pharmaceuticals
On September 27, promoter Ashish Rajanibhai Patel purchased 31,000 equity shares in the business in an open market transaction, raising his stake to 5.16 percent from 5 percent before.
Persistent Systems
Software Corporation and its partner Fusion360 are acquired by a US subsidiary. The company also entered into an agreement with Shree Infosoft, India to acquire its business. Along with this deal, its US affiliate will purchase some assets from Shree Partners LLC USA, Shree Infosoft’s parent business.
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Indag Rubber
The business authorized the sale of 15 lakh equity shares in SUN Mobility EV Infra, a joint venture company, to EPIC Mobility Technologies Pte Ltd, a joint venture partner.
