Index Trends And Stocks In Action November 19, 2014

The Indian market has finally taken a breather on account of some profit booking. The IT, Realty, Oil & gas and the FMCG stocks were among the major losers. However the broader market index managed to keep up the momentum as they continue to outshine the benchmark indices. The nifty index is in an uptrend, it’s likely to continue its upward momentum. However if it breach its important support of 8280 on closing basis, the trend will shift in favor of bear’s. For day trading important support for the bulls would be around 8390 and if it falls further next important support is around 8340. On upside 8468 and 8480 will remain supply zone for index. 

CCI has approved Jaiprakash Associates (BSE Code: 532532) proposed sale of its Haryana's cement grinding unit to Shree Cements. The proposed deal involves transfer of a 1.5 million tonne per annum (MTPA) capacity cement grinding unit at Panipat in Haryana owned by Jaiprakash Associates to Shree Cements. The stock may remain in focus in today’s trade.

Alembic (BSE Code: 506235) is foray into the Bengaluru real estate market with the launch of its first project in Whitefield, Bengaluru. At Whitefield, the company has introduced the real estate project near Hope Farm junction and 2.5 kilometres from Bengaluru's International Tech Park. The project includes construction of 19-floors high 636 residences in four towers spread over eight acres of land with two acres of amenities and three acres of green space. The stock may remain in focus in today’s trade.

Apar Industries’ (BSECode: 532259) wholly owned subsidiary Petroleum Specialities Pte, Singapore, is in the process of setting up a facility in the United Arab Emirates. The facility will manufacture a comprehensive range of specialty oils and lubricants. The plant has facilities to store, blend and process a wide range of specialty oils and lubricants for use in the power, cosmetics, industrial and automotive verticals. The stock may remain in focus in today’s trade.