Index trend and stocks in action November 24, 2017

During the previous trading session, Nifty opened the session flat and thereafter witnessed selling pressure during the mid-day session, however, bulls bounced back, erasing most of the intraday losses and ended the session with a minor gain of 6 points. The price action for the day led to formation of high wave like candle. In the past three trading sessions, Nifty is stuck in the range of 10,300 to 10,375 and going ahead only a sustainable move on either side would dictate the near term direction. A breach of 10,300 could result in further correction up to levels of 10,260-10,270. Whereas, a decisive move above 10,375 could lead to an up-move up to levels of 10,450-10,490.  

Skipper: The Board of Directors of the company has given in-principal approval to form a Joint Venture (JV) with MetzerPlas Cooperative Agricultural Organization Limited which is one of the largest and most specialised manufacturers of Drip Irrigation Solutions in Israel.  

Cox & Kings: Cox & Kings owned MEININGER Hotels and Peter Simmel signed an agreement for a hotel in Dresden. 

Yes Bank: Yes Bank, India’s fifth largest private sector bank, has made it to the MSCI All Country World Index (ACWI) - ESG Leaders Index and MSCI ACWI SRI Index. 

CG Power and Industrial Solutions: Company has bagged an order of Rs. 111 crore form the Indian Railways for Drive Propulsion System of Electric Loco at Chittaranjan Locomotive works. 

TCS: Eastern Communications Partners with TCS for OSS/BSS Transformation. 

Talwalkars Better Value Fitness: The Company and Mickey Mehta have announced a strategic alliance. The two titan of fitness and wellness have partnered in a global endeavour to start wellness revolution. 

Swaraj Engines: Company to consider buyback on November, 28. 

Camlin Fine Sciences: Camlin Fine Sciences to allot 1.72 crore equity shares at Rs. 87 each via QIP.