Index trend and stocks in action May 25, 2018

NSE benchmark Nifty opened the session on a positive note and witnessed some ups and downs in the initial hours of trading. But, thereafter, there was no looking back and Nifty reclaimed the 10,500-mark. The price action of the day formed a bullish candle with a long wick, indicating buying at lower levels. Going ahead, a follow-through move above the 100-day SMA, which is placed in the region of 10,538, could lead the index up to the levels of 10,580-10,600. On the downside, the last two sessions' almost identical low of 10,417 would act as an important support level, and if Nifty holds above this level, it would keep the positive options open.

Gayatri Projects: Gayatri Projects Limited has received a letter of award from the Ministry of Road Transport and Highways for part-construction of six lane elevated corridor in Telangana. 

PNC Infratech: PNC Infratech has been declared the lowest bidder for a project worth Rs 1,738.44 crore . 

Avenue Supermarts: Promoter Radhakishan Shivkishan Damani has completed sale of 6,240,844 equity shares constituting one per cent of the paid-up equity share capital of the company between May 21, 2018 and May 24, 2018. 

Camline Fine Science: Camlin Fine Sciences plans to raise funds not exceeding Rs 250 crore via issue of securities. 

Neuland Laboratories: Neuland Laboratories will allot 16.75 lakh equity shares at Rs 750 each through QIP. 

Kaveri Seeds Company: Kaveri Seeds Company will buy back 29.63 lakh shares at Rs 675 each.