Index trend and stocks in action June 21, 2017

Chirag Gothi / 21 Jun 2017

Index trend and stocks in action June 21, 2017

Now, going forward, Nifty has immediate support placed around the level of 9620, and if it slips below this level, it may extend its down move up to the levels of 9580-9550. 

On Tuesday, Nifty started the session with positive bias, and thereafter, it moved in a tight band till afternoon session. However, it slipped in the negative terrain later on and ended the session with marginal losses. On the daily time frame chart, a small body negative candle has been formed. Now, going forward, Nifty has immediate support placed around the level of 9620, and if it slips below this level, it may extend its down move up to the levels of 9580-9550. On the flip-side, resistance for the index is placed around the level of 9685, and if it holds above this level, it may extend its upmove towards the level of 9710.

Tech Mahindra: Sale of Investment in LCC Pakistan (Pvt) Ltd., a step-down subsidiary of the company.

Grasim Industries: Merger with Aditya Birla Nuvo to be effective from July 1. Record date fixed at July 6, 2017.

L&T: Larsen & Toubro announced the launch of a Floating Dock (FDN-2) designed and built for the Indian Navy at the company’s greenfield shipyard at Kattupalli, near Chennai. This marks a significant achievement for L&T’s shipbuilding arm in design, construction and project management of defence vessels.

Somany Ceramics: The company has issued commercial paper of the value of Rs 40 crore dated June 20, 2017 having maturity on September 15, 2017. 

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.