Index trend and stocks in action September 15, 2017

During the previous session, Nifty started with mild gains and continued to move higher, however, profit booking emerged at higher levels and Nifty settled the session on a flat note at 10,087. The index is facing strong resistance near about the all time high level and for the second consecutive day, it failed to take out all time high level. Going forward, Nifty has strong resistance in the zone of 10,135-10,140. On the downside, the level of 10,040 is a key support and the next support is seen around levels of 10,000.

Autolite (India): Started trial production of electric vehicles and got approval from Central Institute of Road Transport, Pune. Present Production capacity of 500 electric vehicles which will go upto 2000 electric vehicles per month. It has also started trial marketing in Rajasthan and received good response and therefore it plans to expand marketing of Electric Vehicles across India.

Wipro: Company has announced that it has been awarded a seven-year contract by Innogy SE to manage their data center and could services. 

Ujaas Energy: The Company has received Letter of award of contract from WBREDA (West Bengal Renewable Energy Development Agency) for installation and commissioning of 150nos. rooftop grid connected Solar PV Power Plants each in array capacity of 10Kwp at various locations of West Bengal. 

Spicejet: The Company has deposited Rs 250 crore with the Registrar General of High Court of Delhi to comply with orders. 

Vedanta: Following a breach in the Ash Pond dyke wall at Jharsuguda at the end of August, the State Pollution Control Board, Odisha (‘SPCB’) on September 13,2017 served a direction resulting in a temporary closure of three units.