Index trend and stocks in action November 30, 2017

During the previous trading session, Nifty opened the session with a slight positive bias and thereafter it witnessed choppy trend and ended the session with modest loss of 8 points. The price action of the day resulted in the formation of a small body bear candle. Going ahead, the level of 10,340 is seen as an crucial support level as it's 61.8% retracement level and a sustainable move below this level would result into correction up to levels of 10,300 and 10,260. Whereas, on the upside, the level of 10,400-10,410 is a strong barrier. Today being expiry day expect volatility in the markets. 

Tata Communication: Tata Communication announces the appointment of Andrew Yeong as its head of sales for Asia region. In his new role, Andrew will be responsible for the growth of Tata Communications’ business across all industry verticals, focusing on providing transformation services to large corporations in the region. 

Aban Offshore: Stepdown subsidiary Aban Singapore Pte Ltd, has incorporated a subsidiary Aban Hydrocarbons Pte Ltd. 

Majesco: Majesco, USA, (Majesco) the Insurance arm and a subsidiary of Majesco Limited informed that the New York State Insurance Fund (NYSIF) selected Majesco Billing on Majesco CloudInsurer. 

Indiabulls Housing Finance: The long-term rating of Indiabulls Housing Finance Limited (IBHFL), and its wholly-owned subsidiary Indiabulls Commercial Credit Limited (ICCL), to the highest rating of '[CRISIL] AAA/ Stable', from its earlier assigned rating of '[CRISIL] AA+/Positive'. 

Infosys: Infosys Finacle launches blockchain based trade finance solution. 

Maithan Alloys: Company completes acquisition of Salanpur Sinters and Anjaney Minerals. 

M&M Fin: To raise Rs. 1,055 crore by issuing 2.5 crore equity shares at a price of Rs. 422 each to  Mahindra and Mahindra Ltd.