Index trend and stocks in action September 06, 2017

During the last trading session Nifty opened with marginal gains and it made an attempt to move up further, however, sudden bout of profit booking emerged in the afternoon session and Nifty marked low of 9,901, but firmness in the European indices helped market regain the lost strength and Nifty ended the session with gains of 0.40%. On the daily chart, Nifty has formed a small body positive candle. Nifty now has strong resistance placed in the region of 9,980-10,000 and one may expect further upmove toward levels of 10,080, if Nifty manages to sustain above 9,980-10,000 levels. On the flip-side, Nifty has support placed around 9,900 and 9,860.  

Bajaj Finance: QIP opened with a floor price of Rs 1,771.9 per equity share. 

Music Broadcast: Radio city becomes India’s first FM channel in the country to offer customized content at Metro Stations. 

Merck: Merck KGaA, Germany, the ultimate holding Company of the Company has announced that it is preparing for strategic options for its Consumer health business globally including a potential full or partial sale of the business as well as strategic partnerships. This strategic initiative would involve the Company's consumer health business in India as well, the implementation of potential measures and their specific design are subject to further analysis and decision making by competent bodies.

ICICI Bank: ICICI Lombard, the general insurance arm of the ICICI Group, has secured SEBI approval for its Rs 6,000 crore IPO.