Index trend and stocks in action March 19, 2018
The benchmark Nifty ended the last trading session of the week with its second-worst single-day fall of the year 2018. The price action formed a sizeable bear candle. Going ahead, traders will keep an eye on 200-SMA, which is placed near 10,158, as a decisive move below this vital level would reinforce selling pressure in the markets and could pave the way for the bears as the index may slip to test the level of 10,090, followed by 10,000. On the other hand, the level 10,270, followed by 10,350, would act as major hurdles on the upside.
ENIL: ENIL has entered into a strategic Brand and Content License Agreement with Adline Media FZ LLC, Dubai. As a part of the business arrangement, the Company shall provide limited advisory services to Adline Media for launch of a radio station in the Kingdom of the Bahrain. The Company will also grant a conditional license to Adline for use of its Brand 'Radio Mirchi’.
DB Realty: DB Realty wholly owned subsidiary Real Gem Buildtech arrived at an arrangement with and entered into a development agreement with Kingmaker Developers for the development management of Real Estate project in prabhadevi, Mumbai.
Thermax: Thermax Group has concluded an Rs 503 crore order from a leading public sector fertiliser company to set up three natural gas based EPC co-generation plants (each of 20 MW capacity) at its facilities in Haryana and Punjab.
UPL: UPL’s stake in Brazil’s Sinagro Group falls to 45 per cent from 49 per cent.
ZEEL: Zee Entertainment calls off acquisition of 9x Media, INX Music.
Grasim Industries: Grasim Industries Increase in production capacity at Company's Epoxy Plant at Vilayat, Gujarat.
Ramky Infrastructure: Ramky Infrastructure has been awarded project worth Rs.939.41 crores in Srinagar in the State of Jammu & Kashmir by National Highways Authority of India (NHAI) on EPC Mode.
Cadila Healthcare: Zydus receives final approval from the USFDA for Omeprazole and Sodium Bicarbonate Capsules.