Trends on SGX Nifty hint at a favorable beginning for the index in India, with a 45-point rise. In the case of the Nifty, pivot charts indicate that the critical support levels are 17,290.23 and 17,225.17. Key resistance levels to monitor are 17,399.34 and 17,443.37.
Top stocks in focus today:
Brightcom Group: Peshwa Acharya with over three decades of expertise has joined Brightcom Group.
Vijaya Diagnostic Centre: As of September 14, the Vijaya Diagnostic Centre will begin trading in the stock exchanges. Stocks will be issued at a fixed price of Rs 531 each.
Ami Organics: On September 14, Ami Organics' equity shares will be listed on the BSE and NSE. The price per equity share has been set at Rs610.
Redington (India): For $35 million, Step Down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S in Turkey completed its binding Share Purchase Agreement to purchase all of Brightstar Telekomünikasyon Dagitim Ltd. Sti. shares.
DCM Shriram: DCM Shriram has accepted the proposal to buy 17,32,500 equity shares of Shriram Axiall (SAPL) at Rs10 apiece from Axiall LLC USA, representing the whole 50% holding owned by Axiall LLC in SAPL. Joint venture Shriram Axiall has a 50:50 stake.
KNR Constructions: It was announced that KNR Constructions received a Letter of Acceptance for Hyderabad Growth Corridor (HGCL) - widening of existing service roads from Nanakramguda to TSPA and Narsingi to Kollur and BT Overlay of Bitumen pavement from Gachibowli to Shamshabad of Outer Ring Road, Hyderabad. The contract has a value of Rs 312.79 crore and is expected to be completed within 15 months of signing the agreement.
Dilip Buildcon: Bangalore Malur Highways got the letter of appointment from the National Highways Authority of India and announced the appointment effective September 15.