Index trend and stocks in action July 26, 2017
DSIJ Intelligence-3 / 26 Jul 2017
On the way up, Nifty may find resistance in the zone of 9,980-10,000 level and if it holds above level of 10,000 it may extend its up-move up to levels of 10,060.
Tuesday was a historical day for Nifty as it made a new all-time high and touched the level of 10,010 during the opening trade. However, later on, it shifted to the sideways mode and ended the session near the flat line. Going forward, Nifty has immediate support placed around levels of 9,920-9,930 and if it sustains below this level it may test lower levels of 9,880 where it may find support. On the way up, Nifty may find resistance in the zone of 9,980-10,000 level and if it holds above the level of 10,000 it may extend its up-move up to levels of 10,060.
T D Power Systems: Company has received an order from a large European multinational company (MNC) in India for manufacture and supply of certain components of traction motors used in Electric Locomotives to be supplied to Indian Railways by the MNC. The total order value is about Rs 750 crores to be supplied over 10 years starting from 2018.
Suzlon Energy: Alfanar Group of Saudi Arabia collaborates with Suzlon for its renewable energy foray into India.
Berger Paints: Union has withdrawn the strike at the company’s Goa Factory.
Cipla: Cipla launches quality-assured rectal Artesunate suppositories for severe malaria in young children.
National Fertlizers: Government to divest 7.35 crore shares in the company by way of offer for sale. Issue price fixed at Rs 72.8 per share.
GAIL: Launched a start-up ‘Pankh’ to identify and promote innovative ventures.
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