Index trend and stocks in action September 13, 2017

During the last trading session, Nifty saw a gap up opening and it extended morning rally to close near day’s high. On the daily chart, Nifty has formed a Bullish candle and closed above the level of 10,040, which is positive. Going forward, Nifty is approaching towards its all time high level of 10,137 and it successfully manages to pierce this level it may scale up to levels of 10,200. On the downside, the level of 10,040 is an immediate support and next support is seen around 10,000 mark. 

S H Kelkar: S H Kelkar board approves acquisition of VN Creative Chemicals. 

Wipro: Company announced that it has won the Citrix Partner of the year- Indian, award. The award is in recognition of Wipro’s efforts in delivering best-in-class work-place digitalization solutions, in line with customers evolving needs during the calendar year 2016. 

Dr Reddy Laboratories: Aurigene Discovery Technologies Limited, a wholly owned subsidiary of Dr Reddy's Laboratories Limited, and Curis Inc. announce the start of Phase II trials of its CA-170 program. 

NBCC: NBCC has been awarded redevelopment of ITPO complex into Integrated Exhibition-Cum-Convention Centre (IECC) at New Delhi and Canal work including Cross Drainage Structures & Design for Gosikhurd National Project in Bhandara, Nagpur and Chandrapur Districts of Maharashtra. wherein NBCC is working as project management consultant and will get project management consultancy fee on the project cost at 6.5% and revenue booking from the project start from September, 2017.