Index trend and stocks in action July 09, 2018

The NSE benchmark Nifty traded with decent gains for major part of the session, but it was in the last hour of trading when the market gave up most of its gains to settle at 10,773, up by 23 points. The price action formed a small bull candle with long upper shadow, which indicates selling pressure at the higher levels. Stepping into the fresh week, we see the levels of 10,820 and 10,850 posing stiff resistance on the upside. Nifty needs to move past and close above the 10,820-10,850 zone to witness any meaningful upside. On the downside, crucial support is seen in the zone of 10,700-10,720, followed by 10,650. 

ENIL: The company has commenced broadcast from its radio station at Siliguri (98.3 FM), which was acquired under Phase 3 auctions. 

Goa Carbon: The company has announced temporary shut-down of operations at its Goa plant  for regular maintenance work from July 6, 2018. 

Sterlite Technologies: Sterlite Technologies S.p.A., a wholly-owned subsidiary of Sterlite Technologies, has entered into a share purchase agreement to acquire a 100 per cent stake in Metallurgica Bresciana S.p.A., the European specialised optical cable manufacturer based in Italy. 

CG Power: CG Power, along with its consortium partners, installed its largest ever offshore transmission substation in Germany. 

Cadila Healthcare: Zydus has received tentative approval from the USFDA for Deferasirox tablets for oral suspension. 

Trigyn Technologies: The company has bagged an order from Nashik Municipal Corporation under the 'Smart Cities Mission'. 

Tata Steel: The company's production for Q1 FY19 stood at 3.17 million tonnes .