Index trend and stocks in action on June 17, 2020
Index trend and stocks in action on June 17, 2020

Index trend and stocks in action on June 17, 2020

Karan Dsij Article rating: 5.0

On the lower timeframe, Nifty is moving in a rising channel and now going ahead the level of 9,740, followed by 9,674, it’s likely to act as a strong support for the index. Stocks in news: HDFC Asset Management Company, Wipro,HCL Technologies.

Eastern Treads Ltd partially resumes its operations
Eastern Treads Ltd partially resumes its operations

Eastern Treads Ltd partially resumes its operations

Chinmayee D Article rating: 4.0

The company informed that its manufacturing plants in Oonnukal and Vannappuram (Kerala) have started day-shift basis as per the norms issued by the government.

Sensex gains by more than 300 points; HDFC twins shine
Sensex gains by more than 300 points; HDFC twins shine

Sensex gains by more than 300 points; HDFC twins shine

Geyatee Deshpande Article rating: 4.6

Having regard to US Fed's announcement about additional stimulus and taking cues from global indices, domestic markets were trading higher by about 800 points during the morning trading session. However, a sharp fall erasing all the gains was witnessed after tensions between India and China flared up as the Indian Army reported that an officer and two soldiers were killed in Galwan Valley in eastern Ladakh on Monday night during a violent face off with the Chinese troops. Later a recovery in Sensex by 651.92 points from the day’s low was seen as Sensex closed at 33,605.22 which is 376.42 points or 1.13 per cent higher than its previous close while Nifty gained by 100.30 points or 1.02 per cent to settle at 9,914.

Shilpa Medicare to acquire two pharmaceutical-based entities
Shilpa Medicare to acquire two pharmaceutical-based entities

Shilpa Medicare to acquire two pharmaceutical-based entities

Apurva Joshi Article rating: 3.0

Shilpa Medicare Limited is all set to acquire FTF Pharma Private Limited through share purchase agreement (SPA). As per the terms of draft share purchase agreement, the acquisition would be completed on or before April 30, 2023.

Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth
Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth

Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth

Pratik Shastri Article rating: 4.7

With upgradation purposes in mind, Vardhman Special Steels underwent 78 shutdowns during the previous fiscal year. Such upgrade was executed in order to modernize steel melting shop facilities whose annual capacity at present stands at 2,00,000 TPA.

Ten stocks close to their 52-week high
Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

Abhishek Kapoor Article rating: 4.3

The market opened in the green on June 16, 2020. The previous trading session witnessed the Sensex going down by 552.09 points to end at 33,228.80 and the Nifty was down 159.20 points to close at 9,813.70 .

Ten stocks close to their 52-week low
Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Abhishek Kapoor Article rating: 3.8

The market opened in the green on June 16, 2020. The previous trading session witnessed the Sensex going down by 552.09 points to end at 33,228.80 and the Nifty was down 159.20 points to close at 9,813.70 .

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