Index trend and stocks in action July 18, 2017

On Monday, Nifty opened the session with an upside gap and thereafter, it consolidated for the better part of trading session. However, in the last hour of trade buying interest emerged and Nifty ended above 9,900 mark for the first time ever. Now going forward the area of 9,930-9,940 is likely to act as a resistance zone for the Nifty as nifty has reached upper end of the rising channel. But if it holds above the level of 9,930-9,940, it may head toward the levels of 10,000. On the flip-side, support is seen around levels of 9,840. The 14-period RSI is quoting around 77 mark which is at the peak, previously RSI made a high of 77 in the month of March, 2017.

Speciality Restaurants: The first bakery and confectionery unit of the company called 'DARIOLE' has opened for commercial operations at Kolkata.

HDFC: HDFC Life approves filing for IPO. HDFC, Standard Life to together sell 20 per cent stake by way of offer for sale.

Zee Media corporation: The company has established a wholly-owned subsidiary in the name and style of Ez-Mall Online Limited and has subscribed to 700 Equity Shares of Re. 1 each therein. This wholly owned subsidiary shall engage in web-based e-commerce business, to complement TV-based e-commerce business currently housed under Company's 49 per cent Associate entities viz., Today Merchandise Pvt Ltd and Today Retail Network Pvt Ltd.

Omax Autos: Company has retrenched 215 workers at its Dharuhera unit.

State Bank of India: State Bank of India’s subsidiary company, SBI Life Insurance Company has filed a draft red herring prospectus with SEBI.

A2ZINFRA: The Company has bagged three orders worth Rs 56.69 crore.

HCC: Allotted 47.59 lakhs Equity shares of the company of face value Re. 1 each to Vijaya Bank who has completed the process of conversion of debt into equity under the S4A scheme.