Index trend and stocks in action October 23, 2018

The NSE benchmark Nifty had witnessed a blistering opening and the opening downside gap formed on October 19 acted as a strong resistance and led to reversal from the highs. Eventually, Nifty ended the day below its crucial 10,250 mark. The price action formed a sizeable bearish candle. The opening on Tuesday and the path that the Nifty takes post opening would be crucial as the levels of 10,138-10,200 would be extremely vital to watch out in the event of any vulnerability. Nifty will have to hold above the levels of 10,138-10,200 to avert further weakness from creeping in. On the upside, the zone of 10,360-10,380 is likely to act as an immediate barrier. 

HFCL: The company has received an advance purchase order worth Rs.366.36 crore approx. from Bharat Sanchar Nigam Limited.  
  
ITD Cementation India: ITD Cementation India has won orders valued over Rs 1066 crore. 
  
Rural Electrification Corporation: The Ministry of Corporate Affairs (MCA) has approved the change of name of the company from Rural Electrification Corporation Limited to 'REC Limited' . 
  
Digjam: The manufacture of woollen and worsted fabrics at the company's mills located at Jamnagar has been temporarily suspended in view of extremely tight liquidity and working capital position. 
  
Syndicate Bank: Syndicate Bank has raised Rs 728 crore via preferential allotment from the government. 
  
BHEL: BHEL will consider proposal for share buyback on October 25 . 
  
Orient Press: The company has received order from the Maharashtra Pollution Control Board directing the company to stop all manufacturing activity at its Tarapur plant within 72 hours. The company derives 46.54 percent of its gross revenues from this plant.