Index trend and stocks in action April 03, 2017

On Friday, Nifty opened the session on a flat to negative note, and oscillated in a narrow range for the better part of the trading session. However, it recovered from lower levels and ended the session almost unchanged compared to previous closing. On the daily time frame, Nifty had formed a small positive candle. Now going forward, Nifty is approaching toward the recent all-time high levels around 9218. However, there are certain roadblocks in the way. Immediate roadblock is level of 9185-9190, and Nifty needs to sustain above levels of 9185-9190 to witness up-move upto levels of 9218. On the downside, important support is placed around levels of 9125-9135. A decisive move below this level is likely to open gates for correction up to levels of 9075.

Maruti Suzuki: The country’s largest car maker, Maruti Suzuki India, posted 8.1 per cent rise in total sales in March, at 1,39,763 units as against 1,29,345 vehicles in the same month last year.

Mahindra & Mahindra: The auto major reported 6 per cent rise in total sales to 56,031 units in March as against 52,718 units sold in the same month last year.

Tata Motors: Tata Motors' wholly owned subsidiary, TAL Manufacturing, announced that BRABO- the first Made-in-India robot has received “CE” certification for commercial sale in the European market.

Eicher Motors: Total sales for the month of March grew 17 per cent on a year on year basis to 60,113 units.

Karnataka Bank: Karnataka Bank is targeting a business turnover of Rs 1,10,000 crore in 2017-18 fiscal. It was eyeing deposits of Rs 64,500 crore and advances of Rs 45,500 crore.

Unitech: Managing director, Sanjay Chandra, and his brother Ajay Chandra have been sent to police custody till April 3.