Index trend and stocks in action April 27, 2018

NSE benchmark Nifty ended April F&O expiry on a higher note above the important psychological mark of 10,600. The price action formed a bull candle. In the coming session, 10,650 will be a key hurdle to watch out on the upside. For any fresh sustainable upmove to resume, Nifty will have to move past the level of 10,650 and sustain above that. Unless this happens, the market will continue to remain range bound. On the downside, important support is seen around the level of 10,530 followed by 10,495. 

Indian Energy Exchange: The Board of Directors of the Company in its meeting has recommended final divided of Rs.22/- per equity share and have decided not to go ahead with the buyback of Equity Shares of the company.

MOIL: MOIL inks MoU with Ministry of Steel for FY 2018-19. 

Cyient: Cyient announced that its step down subsidiary Cyient Europe Ltd. has acquired AnSem N.V., a leading fabless, custom analog and mixed-signal application-specific integrated circuits (ASICs) design Company.

Essel Propack: Essel Propack’s board recommended 1:1 bonus issue.

Mangalore Chemical and Fertilizers: The Company has shut down the Ammonia, Urea and ABC plants on April 25, 2018 for annual turnaround maintenance.

Thermax: Thermax won Rs 279 crore order from a leading public sector fertiliser company for a captive cogeneration power plant at Maharashtra.

Gati: The Board of Directors of the company at its meeting advised management to look for inducting a new Strategic and/or financial Partner to reposition Gati as a global leader in the logistic space.