Index trend and stocks in action September 28, 2017
DSIJ Intelligence-3 / 28 Sep 2017
Now going forward, the area of 9,680-9,700 is likely to act as a support zone and next support is seen around 9,630. On the upside, the level of 9,800 is likely to act as a resistance zone.
During the last trading session, Nifty opened the session on a positive note and soon after opening Nifty slipped into intraday weakness. Selling pressure continues throughout the day and Nifty ended below 9,750 mark. On the daily chart, Nifty formed yet another long range bear candle. Now going forward, the area of 9,680-9,700 is likely to act as a support zone and next support is seen around 9,630. On the upside, the level of 9,800 is likely to act as a resistance zone. Today being September series F&O expiry expect volatile movement in Nifty.
Godrej Properties: Godrej Properties announced that it has entered into a development management agreement with Manyata Developers to develop a group of housing project in East Bangalore.
Syndicate Bank: Syndicate Bank revises rate of interest on its saving deposits effective from 10th October, 2017. Balance in saving deposits upto and inclusive of Rs 25 revised rate of interest 3.50 per cent per annum and above Rs 25 lakhs no change.
Deep Industries: The company has received Letter of Award from ONGC, Rajahmundry Asset for Hiring of Natural Gas Compression Service at Mori, GCS for a period of 11 months. The total estimated value of the said Award is Rs 2.16 crore approx.
Sterlite Technologies: The company has launched a high-speed 5G ready network solution named FlashFWD at India Mobile Congress 2017, being held in New Delhi, India.
GE Power India: GE Power India Limited (the 'Company') has been awarded a contract worth approximately Rs 3,275 million (i.e. approximately US $ 49.2million) by Doosan Power Systems India.
Ashiana Housing: Company has entered into Memorandum of Understanding with a Pune based developer for development of a ‘Group Housing Project’ in Pune.
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