Index trend and stocks in action July 13, 2017

On Wednesday, Nifty opened the session with positive bias and thereafter, it shifted into sideways consolidation for the most part of the trading session, however, buying interest emerged in mid afternoon session and Nifty ended up by 30 points at 9,816. Nifty registered close at above 9,800 mark for the first time ever. Nifty index traded inside the trading range of 11th July session. Now going forward the level of 9,830-9,840 is likely to act as an immediate resistance zone and if it holds above this zone it may scale further up to levels of 9,900. On the downside, it has support around levels of 9,750 and 9,700.

Speciality Restaurant: Speciality Restaurants Limited (the 'Company') has entered into a franchise agreement on July 11, 2017 with Resolute Restaurant Management LLC (the 'Franchisee' and such agreement, the 'Franchise Agreement'), granting right to the Franchisee to open three franchise restaurants under its brand 'Mainland China Asia Kitchen' in United Arab Emirates within the time stipulated in the Franchise Agreement. 

Jindal Saw: To merger operations of its two subsidiaries subject to necessary approval of their shareholders, creditors and concerned authorities. 

BEML: BEML signs a pact with National Law School for capacity enhancement.

TCS: IT bellwether TCS is set to report its Q1 results today.