Index trend and stocks in action December 11, 2017
DSIJ Intelligence-3 / 11 Dec 2017
Going ahead, a follow through move above the Friday’s high of 10,271 may see the Nifty extending its upmove towards 10,320, while, on the downside, the zone of 10,180-10,210 may offer good support in the coming trading sessions.
On the last trading session of the week, Nifty opened the session with a gap-up and extended its upmove as the day progressed. At the end of the day, Nifty gained 98 points. Nifty formed a second consecutive sizeable bull candle with a higher high and higher low, signalling continuance of the upmove. Going ahead, a follow through move above the Friday’s high of 10,271 may see the Nifty extending its upmove towards 10,320, while, on the downside, the zone of 10,180-10,210 may offer good support in the coming trading sessions.
Tata Chemicals: Sanction of scheme of arrangement for the transfer of the business of urea and customized fertilisers located at Babrala, Uttar Pradesh to Yara Fertilisers India Private Limited by NCLT, Mumbai Bench.
Jyothy Lab: Company shall borrow by way of loan from Bank (s)/Financial Institution(s) to the extent of Rs. 400 crores and the company is selling one of its unit situated at Village Raipur, Pargana Bhagwanpur, Tehsil Roorkee, District Haridwar, Uttarakhand to achieve operational efficiency through consolidation.
Punjab Chemicals: Company to raise Rs. 150 crore via equity/debt.
KDDL: KDDL to invest Rs. 20 crore in Ethos.
Max India: Max Healthcare Institute Limited, an equal joint venture with Life Healthcare (South Africa), has received a notice of cancellation of the license of one of its hospitals at Shalimar Bagh, New Delhi, from Government of NCT of Delhi.
Ultratech Cement: Setting up of a 3.5 Mtpa integrated cement plant at Pali, Rajasthan, at an investment of around Rs. 1,850 crores.
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