Index trend and stocks in action August 09, 2017

Nifty opened the last trading session flat with a positive bias and as the day progressed it started to show sharp decline, it did attempt to make a bounce back, but it failed to sustain above the 10,000 mark and ended Tuesday at near the day's low below 10,000 mark. On the daily chart, a long bear candle has been formed, which indicates dominance of the bear’s. Going forward, the level of 10,070-10,100 is a key hurdle to watch out for on the higher side. On the lower end, supports are seen in the region of 9,900-9,920.

Bajaj Auto: Bajaj Auto signed a non-equity tie up with Triumph International of the U.K. The objective of this non-equity partnership is to deliver a range of outstanding mid-capacity motorcycles benefitting from the collective strengths of both companies.

Gati: Gati board approved the allotment of 98.74 lakh shares to FCCB.

PVR: The Board of Directors has approved the sale of its 51 per cent stake in PVR bluO Entertainment Ltd. The company has signed definitive agreements with Smaaash Entertainment Private Ltd along with its partner M/s Major Cineplex Group to sell its entire stake in PVR bluO Entertainment Ltd for a consideration of approx. Rs 86 Crores.

Sun Pharma: The wholly-owned subsidiaries of the company have agreed to acquire by way of allotment 15.9 per cent stake in U.S. based biopharmaceutical company Krystal Biotech.

BHEL: BHEL wins a contract in Chile and Estonia. BHEL has now expanded its global footprint to 82 countries across all the six inhabited continents.