Index trend and stocks in action March 22, 2017
Chirag Gothi / 22 Mar 2017
Nifty bounced back from important support zone and managed to close above levels of 9120, which is a positive sign for Nifty. Now going forward, the zone of 9170-9200 is likely to act as a resistance for the Nifty. On the downside, the zone of 9060-9100 is likely to act as a support zone for it.
On Tuesday, Nifty opened the session with marginal gains, and thereafter it showed weakness. It shifted into a range bound movement for the better part of the trading session, and in the last hour of trade, buying interest was seen, which helped the Nifty to recoup some of its losses. Eventually it ended flat with a negative bias. The opening upside gap of March 16, 2017 has been filled completely. Nifty bounced back from important support zone and managed to close above levels of 9120, which is a positive sign for Nifty. Now going forward, the zone of 9170-9200 is likely to act as a resistance for the Nifty. On the downside, the zone of 9060-9100 is likely to act as a support zone for it.
Dena Bank: Board approves raising of share capital by the bank, amounting to upto Rs 800 crore.
Wockhardt: Drug firm, Wockhardt, has received approval from the US heath regulator to market generic version of Wyeth’s Zosyn, used for treating bacterial infections, in the American market.
Adani Enterprises: Adani Enterprises said it has acquired Adani Infrastructure Pvt. Ltd., (AIPL), which is yet to commence business operations.
ABC Bearings: Sells its entire 2.5 percent equity stake in NSK-ABC Bearings Pvt. Ltd., to NSK India Sales Company Pvt. Ltd., pursuant to the terms of a share purchase agreement, signed on March 21, 2017.
HDFC: To decide on raising bonds via MTN programme on March 24, 2017.
Nila Infrastructure: Receives Amreli bus terminal and Modasa bus terminal contract from Gujarat State Road Transport Corporation (GSRTC).
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.