The SGX Nifty signals a strong start for Sensex, Nifty today. Cues from US markets remained better as Dow Jones, S&P 500 and Nasdaq ended in the green on Friday. The Nifty today will likely see resistance at 17,100 and on the downside, the Nifty’s immediate support stands at 16,800, according to analysts.
Top stocks to watch are Sun Pharma, Alembic Pharma, BEL, Crompton Greaves, and Campus Activewear, besides others.
Sun Pharma: Shares of Sun Pharma will be in focus as the company has entered into an agreement to acquire 60% shareholding in Vivaldis Health And Foods Private Limited from its existing shareholders, with remaining 40% shareholding to be acquired in future as per certain terms & conditions.
Alembic Pharma: Alembic Pharmaceuticals share price in focus today after the company has passed ANVISA (Brazil) GMP audit for its API-III Facility at Karakhadi i without any observations for its 56 APIs.
BEL (Bharat Electronics): Shares of Bharat Electronics (BEL) will be in major focus as the company has bagged a large order worth Rs 4,300 crore from Indian Navy and Indian Army.
Crompton Greaves: Crompton Greaves Consumer Electricals Ltd. (“Crompton”) and Butterfly Gandhimathi Appliances Ltd. (“Butterfly”) announce merger, with public shareholders of Butterfly as on the record date to receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly.
Campus Activewear: Investment Trust Fidelity Series Emerging Markets Opportunities Fund has bought 33.39 lakh shares of Campus Activewear, Societe Generale bought 40.56 lakh shares and Fidelity Investment Trust Fidelity International Discovery Fund added 17.1 lakh shares at an average price of Rs 347 a share, data from exchanges showed. Marquee investor TPG Global sold 2.32 crore shares in the block deal at an average price of Rs 347.24.