The Indian stock market is anticipated to open firm, as SGX Nifty trends indicate a flat to positive opening for the index, with a 43-point gain. On October 12, the benchmark indices, as well as the broader markets, finished at all-time highs. The BSE Sensex rose 148.53 points to 60,284.31, while the Nifty50 crossed the 18,000 barrier for the first time on Tuesday, climbing 46 points to close at 17,992.
According to pivot charts, the Nifty's major support levels are 17,901.63, followed by 17,811.37. If the index continues to rise, the key resistance levels to watch are 18,045.43 and 18,098.96.
Top stocks in focus today:
Happiest Minds Technologies
The company partnered with Tech4TH Solutions, a company based in the United States.
The trustee company, Bajaj Finserv Mutual Fund Trustee Limited, was formed as a wholly-owned subsidiary of the company.
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Results on October 13
On October 13, Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia will report quarterly earnings.
The RBI has authorized IndusInd Bank to collect Direct and Indirect Taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
The company has approved the formation of a wholly-owned subsidiary (TML EVCo) to handle its passenger electric mobility business, as well as the signing of a Securities Subscription Agreement with India Markets Rio Pte Ltd, an entity affiliated with TPG Rise Climate, which will invest Rs7,500 crore in TML EVCo.
Choice International's step-down subsidiary Choice Wealth acquired Centcart Money Services' mutual fund distribution business.
The Reserve Bank of India granted a license to Unity Small Finance Bank, the company's step-down subsidiary, to conduct small finance bank business.
Power Finance Corporation
The company has been granted Maharatna status by the Government of India.