Index trend and stocks in action November 13, 2018

The NSE benchmark witnessed a positive opening above the 10,600 mark and notched up good gains during the initial hour of trading. But as the trading progressed it turned choppy, and in the second half of trading session, bears took charge and pulled the index below the 10,500 mark. The price action formed a sizeable bear candle almost engulfing the prices of previous five trading sessions. Going ahead, there is a high probability of the weakness persisting in the index. Immediate support for the index is placed in the region of 10,442-10,458 which is the gap area formed on November 2. Failing to hold this support will lead to further correction which may take index towards the levels of 10,340 and 10,300. On the upside, resistance is placed around the level of 10,530 followed by the major hurdle in the region of 10,620-10,650. 

HCL Technologies: HCL Technologies and NetBrain have announced partnership to help enterprises accelerate their network automation journey. 
  
NBCC: NBCC has received letter of appointment from Ministry of AYUSH, Govt. of India, for planning, designing, and construction of All India Institute of Ayurveda, Yoga and Naturopathy (AIIAY&N) at Goa wherein NBCC will work as project management consultant. The estimated cost of the project is Rs. 260 crore.  
  
Lupin: Lupin has announced the launch of Atovane oral suspension USP in the US after having received approval from the US FDA earlier. 
  
TVS Motor: TVS Motor has launched the new TVS Apache RTR 160 4V in Bangladesh . 
  
Aurobindo Pharma: The company’s wholly-owned subsidiary, Aurobindo Pharma USA Inc., USA, has entered into an agreement to acquire a product under development and related assets from 'Advent Pharmaceuticals Pty Ltd., Australia, through AuroScience Pty Limited, Melbourne, a 100 per cent subsidiary of Aurobindo Pharma USA Inc., USA. 
  
Piramal Enterprises: A meeting of the administrative committee of the board of directors of the company will be held on November 15, 2018, to consider and approve the issue of secured non-convertible debentures on  private placement basis. 
  
Tata Motors: The Tata Motors group global wholesales in October 2018, including Jaguar Land Rover, were 1,09,597, higher by 6 per cent as compared to October 2017.