Index trend and stocks in action May 26, 2017
Chirag Gothi / 26 May 2017
Now going forward Nifty50 needs to sustain above levels of 9540 to witness any up-move towards the level of 9610. Stocks in action for the day are Mphasis, Dr Reddy Laboratories, HCC, Kajaria Ceramics, RBL Bank, Nalco, Ramco Cement, Infosys, Tata Power, MEP Infrastructure Developers, Jubilant Life sciences.
On Thursday, Nifty started off the session on a positive note tracking firm cues from Asian peers and thereafter index scaled higher as buying was seen across the sectors and finally the Nifty index ended the session above 9500 mark. On the daily chart, Nifty index formed a long range bullish candle, which suggests bulls were in complete control for the day. Now going forward Nifty50 needs to sustain above levels of 9540 to witness any up-move towards the level of 9610. While, on the downside, the support for the Nifty50 index is pegged at levels of 9450 and 9400.
Mphasis: The World’s leading independent, end-to-end IT services company, and Mphasis, an IT Services provider specialised in cloud and cognitive services, announced a new Solution Partner relationship to transform and modernise enterprise applications for public, private and hybrid cloud.
Dr Reddy Laboratories: The audit of company’s Formulations Srikakulum Plant (SEZ) Unit II, Andhra Pradesh by the US FDA, has been completed today with zero observations.
Jubilant Life Sciences: The Company announces a price increase of up to 15% for Vitamin B3 (Niacin & Niacinamide).
MEP Infrastructure Developers: Approves raising equity funds via various options.
Tata Power: Subsidiary Tata Power Renewable Energy successfully issues guaranteed, unsecured, Non-cumulative, redeemable, taxable, rated non-convertible debentures of Rs 500 crore on private placement basis.
Infosys: Infosys enters into Strategic Alliance with HP Inc. to Accelerate Digital Transformation for the Enterprise.
HCC, Kajaria Ceramics, RBL Bank, Nalco and Ramco Cement: New addition in F&O segment effective from today.
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.