Index trend and stocks in action July 27, 2017

After a day’s breather Indian benchmark indices yet again bounced back to logged fresh record highs. It’s a 10,000 mark for Nifty for the first time ever on closing basis. Nifty opened on a positive note on Wednesday and scaled higher throughout the day and settled with gains of half a per cent at 10,020. Going forward, we maintain positive view for now as the bulls are having upper hand on the index. For intraday trade we hold 10,070-10,100 as major resistance level. In case if market turnarounds, then we hold levels of 9965-9955 as major supports levels followed by 9930 levels.

TCS: Element Fleet Management Leverages Tata Consultancy Services to Create 'Next-Gen' Xcelerate Fleet Management System. 

M&M Financial Services: The committee of directors approved the investment of an amount not exceeding Rs. 25 Crores in the Equity Share Capital of Orizonte Business Solutions Limited, in one or more tranches.

Sonata Software: Microsoft has announced Sonata Software as a “Microsoft ISV Development Center”. 

Bhushan Steel: NCLT initiates insolvency proceedings. 

Info Edge: The Company has invested Rs.35 Million approx. in Wishbook Infoservices Pvt. Ltd. and Company has invested Rs. 80 million in Green Leaves Consumer Services Pvt. Ltd through its wholly-owned subsidiary.