The Indian stock market is anticipated to open cautiously. Trends on the Singapore Exchange (SGX) Nifty hint at a favorable start for the index in India, with a 17-point rise.
According to pivot charts, the Nifty's major support levels are 17,351.87, followed by 17,323.73. If the index continues to rise, the important resistance levels to monitor are 17,423.37 and 17,466.73.
Top stocks in focus today:
Zee Entertainment Enterprises
Rakesh Jhunjhunwala's stock trading business, Rare Enterprises purchased 50 lakh shares of Zee Entertainment Enterprises at a price of Rs 220.44 a share on the NSE, according to bulk deals data. Rs 110.22 crores is the estimated value of the shareholding. For Rs 236.2 a share, BofA Securities Europe SA also bought 48,65,513 equity shares in Zee today.
Seetha Kumari, an investor, sold a 2.57 percent investment in Liberty Shoes through open market transactions, lowering her shareholding to 2.73 percent from 5.3 percent previously.
The 16.25 percent interest pledged by the promoter company Setco Engineering in exchange for the financing has been released.
LIC Housing Finance
The Life Insurance Corporation of India boosted its share in the firm to 45.239 percent from 40.313 percent following the preferential allotment.
Jindal Steel & Power
CRISIL has raised the company's long-term bank facility rating from 'A' with a stable view to 'A+' with a 'Positive' outlook, and its short-term bank facility rating from "A2+" to "Al+."
Dynacons Systems & Solutions
The business got Rs 7.46cr e-governance contract from the Municipal Corporation of Greater Mumbai for the development & administration of the GMDMA website, disaster management app, command & control system, and complete maintenance of automatic weather stations and flow-level sensors.