Index trend and stocks in action on December 15
DSIJ Intelligence / 15 Dec 2017
On the daily chart, there is a formation of high wave like candle, which indicates high volatility in the market.
During the previous trading session, the Nifty index started on a positive note but slipped lower in early part of the trading session. However, strong buying emerged in the latter half of the trading session and helped the index to close above 10,250. On the daily chart, there is a formation of high wave like candle, which indicates high volatility in the market. Going ahead, the level of 10,330-10,340 is likely to act as a stiff resistance and a sustainable move above the mentioned level is likely to open the gates for further upside up to the level of 10,400. On the downside, the level of 10,200 is likely to act as an immediate support, followed by 10,140 and 10,120.
GMR Infrastructure: GMR Group in consortium with Megawide Construction Corporation has emerged as the preferred bidder for Clark International Airport EPC tender having submitted the most competitive financial bid.
Phoenix Mills: Company has issued Commercial Papers (CPs) of Rs. 75 crore.
Hero Motocorp: Hero MotoSports Team Rally, the motor-sport division of the world’s largest two-wheeler manufacturer, Hero MotoCorp has showcased its new ‘Hero RR 450’ rally bike for the first-time in India. Hero MotoSports also announced its Team for the Dakar Rally 2018.
Quess Corp: Company has completed acquisition of 45 per cent equity stake in Simpliance Technologies Private Limited.
HDFC: Company to consider fund raising on December 19, 2017, by offering securities of HDFC Bank on preferential basis.
L&T: L&T commissions 225 MW Sikalbaha Combined Cycle Power Plant in Bangladesh.
Mahindra and Mahindra: Mahindra to hike prices by up to 3% from January 2018.
Godrej Industries: Board approves merger of Vora Soaps with itself.
Union Bank: 12.93 Crore Union Bank shares allotment under Qualified Institutions Placement (QIP) aggregating to Rs. 2000 crore.
Unichem Laboratories: Unichem Laboratories Ltd., completes the sale and transfer of the Company's domestic formulations business in India and Nepal to Torrent Pharmaceuticals Limited.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.