Index trend and stocks in action March 16, 2017
Chirag Gothi / 16 Mar 2017
Now going forward, the level of 9120 is likely to act as a stiff resistance for the Nifty, and if it manages to sustain above levels of 9120, next level to watch out for is 9200-9240. On the downside, level of 8990-9000 is likely to act as a major support for Nifty.
On Wednesday, Nifty opened the session on a flattish note, and thereafter it moved in a narrow range for the entire trading session. At the end of the session Nifty ended flat. On the daily chart, Nifty has formed yet another ‘Doji’ type candlestick pattern within a small range, which is just placed beside the doji formed as on March 14, 2017. Now going forward, the level of 9120 is likely to act as a stiff resistance for the Nifty, and if it manages to sustain above levels of 9120, next level to watch out for is 9200-9240. On the downside, level of 8990-9000 is likely to act as a major support for Nifty.
NBCC: State-owned NBCC said that the Maharashtra Government has allotted the balance work of irrigation project in Vidarbha valuing at Rs 6,000 crore.
HCL Technologies: Company to consider buyback of equity shares on March 20.
Mphasis: Company fixed Rs 635 as the buyback price.
Apar Industries: To expand Jharsuguda plant capacity to 30,000 metric tonne with an investment of Rs 37 crore.
India Oil Corp: The Cabinet approved sale of state-owned Indian Oil's 24 percent stake in Lubrizol India for an undisclosed sum.
Bharti Airtel: Telecom operator, Bharti Airtel has put on hold plans to sell controlling stake in its mobile tower arm, Bharti Infratel.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.