Index trend and stocks in action May 22, 2017

On Friday, Nifty started off the session on a positive note, however, it failed to sustain at higher levels and drifted lower.  At one point Nifty drifted below 9400 mark on an intraday basis, it bounced back in the last hour of the trading session to end above 9400 mark with the nominal loss. Now going forward Nifty has immediate support placed in the region of 9400 as defined by the 13-day EMA and if nifty trades below 9400 mark then traders could expect a continuation of down move toward levels of 9370 levels. On the upside, Nifty needs to sustain above levels of 9450, if it manages to hold above 9450 levels it's likely to extend up to levels of 9500.

Neuland Laboratories:  The Company has entered into a Joint Development Agreement with Phoenix Embassy Techno Zone Private Limited for the development of the land owned by the company at Nanakramguda.

Mahindra and Mahindra: The Company plans to invest directly and/or through its subsidiary(ies) in :- · high-end electric powertrain technology as part of its plan for the future of mobility; and · electrification of some of its existing and future products. The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles. The high-end electric powertrains will be used for the Group's future line up of electric vehicles. As the pioneers of electric vehicles in the country, the Group is committed to making electric vehicles more accessible in order to build a clean and green tomorrow. 

Laurus Labs: The API facility of Unit 2 has completed successful USFDA inspection without any 483 and the formulations unit in the same facility received EIR (Establishment Inspection Report).

Bajaj Finance: Issue NCDs worth Rs 250 crore on Private Placement Basis.

Goa Carbon: Resumed operations at its Goa unit and there would not be any financial impact due to the temporary shutdown of the Company's Goa Unit on account of sufficient inventory of finished product.