Index trend and stocks in action July 03, 2018

The NSE benchmark Nifty closed below the important psychological 10,700-mark despite recovery from the day’s low. The price action formed a long bear candle with long lower shadow. As we approach Tuesday’s session, the level of 10,600 is a key support level to watch out for, as the violation of the key support level of 10,600 will signal further loss of momentum and the current corrective phase could extend up to the level of 10,529, where the 100-DMA is placed. On the upside, the pullback rally would face resistance near 10,720-10,730 levels, followed by 10,780. 

NCC: NCC has received four new orders totalling to Rs. 2,060.96 crore (exclusive of GST) in the month of June 2018. 

Parag Milk Foods: The company's board has passed and approved unanimously acquiring of patented product rights from Sweden-based organization. 

Aurobindo Pharma: The company has received USFDA approval for Ibuprofen OTC capsules. 

Tata Power: Tata Power Renewable Energy Limited has commissioned 100 MW solar capacity in Anthapuramu Solar Park, Andhra Pradesh. 

Strides Shashun: The company has received USFDA approval for Ibuprofen OTC Tablets. 

Nestle India: Nestlé India has introduced NESPLUS - a new range of breakfast cereals. 

NIIT Technologies: The company has established a centre of excellence for its digital transformation practice in Bengaluru . 

Greenply Industries: The company has commenced commercial production of Medium Density Fibreboard (MDF) on July 1, 2018 at the company's manufacturing unit situated in Andhra Pradesh.