Index trend and stocks in action August 17, 2018

The NSE benchmark Nifty witnessed a negative opening but recovered smartly from lower levels and traded with a positive bias in the afternoon session. But selling pressure in the last leg of trading dragged the index lower and Nifty ended the session below the 11,400 mark. The price action formed a small body negative candle with long upper shadow. On the last trading session of the week, we may see the market opening on a flat note and there is likelihood that it may continue to trade in a range before the index kicks off the next leg of the rally. On the downside, support is seen around the level of 11,340, followed by 11,280. On the upside, the level of 11,450 is an immediate resistance, followed by 11,500.  

Maruti Suzuki India: The company has announced a price change for its models owing to increase in commodity and distribution costs and adverse foreign exchange rates. The price change varies across models and is up to Rs 6,100 (ex-showroom - Delhi). The new prices have come into effect from August 16, 2018. 
  
BEML: BEML has flagged off nation’s first 150T electric dump truck. 
  
Gati: Gati clarified that Allcargo Logistics’ buyout plan has not been finalised and the management is still evaluating opportunities. 
  
TCS:  The Improvement Service has signed new contract with TCS to deliver further digital transformation to Scottish households . 
    
Persistent Systems: The company has partnered with Three Phase Electric to develop IoT solutions for dramatically improving levels of utility management across residential communities.  
  
Tree House Education and Accessories: Tree House Education and Accessories has entered into an agreement to sell fixed asset comprising of land and building for a total consideration of Rs 26 crore and the proceeds of the sale will be fully utilised to reduce a part of the total loan exposure of HDFC Bank.  
    
NBCC: NBCC has received  Rs 250 crore order from SAIL to build super specialty hospital at Rourkela steel plant.  
    
Astrazeneca Pharma:  AstraZeneca Pharma has received Form 45 permission for Lynparza drug. 
  
Lemon Tree Hotels:  The company has signed a licence agreement for a 90-room property at Vijayawada, Andhra Pradesh, under the company's brand 'Red Fox Hotel'. The hotel is expected to be operational by June, 2020. 
  
MCX:  MCX has inked MoU with Indian Bullion and Jewellers Association (IBJA). 

ION Exchange: The company has secured and signed a contract for engineering, procurement, supply and construction of water treatment plant worth Rs. 438.84 crore from Cairn Oil & Gas, a division of Vedanta. 
  
Cosmo Films:  The company has launched CPP metalized film with high metal bond.