Index trend and stocks in action August 10, 2017

Nifty opened the session with a gap down opening and throughout the day languished in negative territory and closed near the low point of the day. On the daily chart, a bearish candle has been formed, this resulted into formation of back to back bearish candle and this indicates that bears are in full force. The strong support level of 9,920-9,930 is breached and Nifty has slipped below its important short term moving average i.e. 21-day EMA. Going forward, immediate support is seen around levels of 9,870 and next support is seen around 9,840. On the upside, resistance is likely to come in around levels of 9,930 and next resistance around 9,950.    

National Peroxide: Capacity expansion of the company's Hydrogen Peroxide Plant at Kalyan (on 50 per cent w/w basis) from 95,000 tonnes per annum to 1,50,000 tonnes per annum.

RBL Bank: Capital Raising Committee of the Board of Directors of the bank allotted 3.26 crore equity shares on a preferential basis at a price of Rs 515 each.

IDBI Bank: Government of India has infused share application money of Rs. 1,861 crore towards fresh Preferential Issue of Equity Capital of IDBI Bank, as part of their Annual Capital exercise for FY 2018

Dabur: Dabur Tunisie, a wholly-owned subsidiary is being dissolved and liquidation is under process.

NHPC: NHPC signed Power Purchase Agreement with BSES Yamuna Power for a period of 35 years from the date of commercial operation of the seven power stations