Index trend and stocks in action January 18, 2018

Nifty witnessed flat opening as cues from global markets were mixed and, soon after opening, it slipped into decline during early part of the session. However, sharp recovery was seen during the mid-session and, thereafter, Nifty gained momentum to scale all-time high levels. The price action resulted in formation of a long bull candle. Nifty has managed to clear its resistance of 10,780. Now, going forward, a follow through move above Wednesday’s high, i.e. 10,803, will brighten the possibility of Nifty touching 10,840. On the downside, immediate support for the Nifty is placed in the 10,760-10,750 zone

Yes Bank: Yes Bank mobilize US$1 billion till 2023 and US$5 billion till 2030 towards financing solar energy project in India at the International Solar Alliance (ISA) conference organized at World Future Energy Summit 2018 in Abu Dhabi. 

Majesco: Apollo Munich Health Insurance enhances distribution with Majesco’s digital solutions. 

Axis Bank:  The Bank has reviewed and decided to increase the MCLRs by 5 bps across all tenors . 

Intellect Design Arena: Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, has implemented a comprehensive supply chain finance platform for Bank of Baroda. 

Pitti Laminations: Commencement of commercial production at Aurangabad plant . 

Ashoka Buildcon: Ashoka Buildcon receives completion certificate for its Mudhol Nipani road project. 

TCS: TCS expands partnership with Shure Inc. to Establish Global Development Centre. 

Premier Explosives: Premier Explosives announces successful test firing of PSOM-XL strap-on motor.