Index trend and stocks in action September 25, 2018

The NSE benchmark had witnessed a positive start; however, this was momentary as the index wiped out morning gains within no time and dipped into the red, and as the day progressed, it stretched its losses to settle below its crucial 11,000-mark. The price action formed a strong bear candle, but it was an inside day as the index moved within the previous session's high-low range. Going ahead, we believe the zone of 10,752-10,866 is likely to act as a key support as it is a confluence of Friday’s panic low of 10,866 and 78 per cent retracement of July-August rally at 10,815 and the 200-day SMA which is placed at level of 10,752. On the upside, immediate resistance is placed at the level of 11,027 and major resistance is placed in the region of 11,160-11,170.  

Canara Bank: The meeting of the board of directors of the company is scheduled on September 27 to consider and approve r aising of capital through Qualified Institutional Placement (QIP)' . 
  
Infosys: Public Services and Procurement Canada has selected Infosys Public Services to deliver its electronic procurement solution . 
  
Kajaria Ceramics: The board has approved acquisition of 30 lakh equity shares of Kajaria Floera Ceramics Private Limited (Fleora), a subsidiary company, and approved incorporation of a wholly-owned subsidiary company in the US by making investment/loan not exceeding $1 million. 
  
Vakrangee: Vakrangee has entered into a distribution agreement with Aditya Birla Housing Finance Limited, which will offer distribution of home loans and other related products through Nextgen Vakrangee Kendras. 
  
Zensar Technologies: Zensar has announces launch of 3-in-1 insurance module. The module provides insurance companies a centralised data environment across consumer, agent and employee data 
  
Dilip Buildcon: Dilip Buildcon has been declared L1 bidder for an EPC project worth Rs 601.02 crore by water resource department (Kota), Rajasthan. 
  
Adlabs Entertainment:  Adlabs Entertainment has signed an MOU with Riverbay group to develop and operate a new entertainment park in Amaravathi, Andhra Pradesh. This park is strategically located in Andhra Pradesh government’s new planned capital, Amaravathi. 
  
Dena Bank: Dena Bank’s board has  approved the proposed merger with  Bank of Baroda  and  Vijaya Bank . 
  
HFCL: HFCL has received purchase orders for Rs.558.36 crore from Bharat Sanchar Nigam Limited (BSNL) for pan-Indian defence communication network  . 
  
Yes Bank: The bank has re-appointed Rana Kapoor as the MD and CEO .  

Mangalam Drugs and Organics: The company has recently received the final approval from WHO for the drug Efavirenz.