Index trend and stocks in action June 06, 2017
Chirag Gothi / 06 Jun 2017
Nifty now needs to clear its immediate resistance which is placed around levels of 9700 to extend its up-move up to levels of 9730-9750. Whereas, on the downside, support are seen at levels of 9620-9630.
On Monday, Nifty opened the session on a flat note and thereafter it witnessed an up-move, however, in the second half it traded in a narrow range and ended the session with a minor gain. On the daily chart, Nifty formed a small body positive candle. Nifty now needs to clear its immediate resistance which is placed around levels of 9700 to extend its up-move up to levels of 9730-9750. Whereas, on the downside, support are seen at levels of 9620-9630.
Cadila Healthcare: Received Establishment Inspection Report (EIR) from the U.S. FDA for its Baddi facility.
M&M Financial Services: To issue NCDs worth Rs 70 crore of the face value of Rs 10,00,000 each, at par.
Capital First: The Company has raised Rs 50 crore via issue of NCDs on private placement basis.
ICICI Bank: The Board of Directors of the Bank approved the sale of a part of its shareholding in ICICI Lombard General Insurance Company Limited ('the Company') in an initial public offering by the Company, subject to requisite approvals and market conditions.
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