Index trend and stocks in action July 25, 2018

Extending its northward journey for the third straight session, NSE benchmark Nifty ended the session at record closing high above the important psychological 11,100-mark, gaining 0.48 per cent. The price action formed a small bull candle carrying higher high and higher low, indicating follow-through strength. Now that the Nifty has surpassed the resistance level of 11,120, it is now heading towards its all-time high level of 11,172. In Wednesday’s session, this level would act as an immediate resistance level and on clearing this resistance, Nifty would enter uncharted territory. On the downside, the level of 11,080, followed by 11,040, would act as a support level. 

Indo Amines: The company has signed collaboration agreement with Tokyo-based multinational Japan Tech Corporation.  With this significant tie-up, the company expects its Japanese business to grow and contribute around 30 per cent of its total topline in the coming three years. 

Andhra Bank: Andhra Bank has received capital infusion of Rs 2019 crore from the Government of India. 

Satin Creditcare Network: The company's board meeting will be held on July 25 for the issuance of non-convertible debentures upto the amount of Rs 97 crore through private placement. 

Gujarat Sidhee Cement:  The company's kiln operations have resumed after suspension due to rains. 

Oil India: Oil India has signed a joint venture pact for construction of grid pipelines in eight North-East states. 

ICICI Bank: The bank will acquire 9.91 per cent stake in Arthashastra Fintech Private Limited (AFPL).