Index trend and stocks in action March 27, 2018
The benchmark Nifty opened the day on a flat note and, thereafter, it shifted to a choppy movement. But in the second half of the trading session, bulls dominated the show as Nifty reclaimed its 10,100 mark and ended the day near the day’s high. The price action formed a sizeable bull candle. The opening downside gap of March 23 has been filled completely. Going ahead, Nifty could face resistance around 10,173 which is its 200-day SMA, but if it sustains above the 200-day SMA in the next few sessions, it could possibly lead to a continuation of the upside bounce up to the 10,230 level. On the downside, supports are seen at the levels of 10,040 and 9,950.
Reliance Infrastructure: Meeting of Committee of Directors is convened to be held on March 27, 2018 to consider and approve inter alia, the issuance of the privately placed Debentures aggregating upto Rs 1,000 crore.
Cipla: Cipla completes stake sale in UAE joint venture.
Tata Metaliks: Operations at Kharagpur plant to be hit due to planned shutdown at its blast furnaces, sinter plant and captive power plants between March 26 and April 6, 2018.
KNR Constructions: KNR Constructions has bagged two Hybrid Annuity Projects (HAM) with Bid Project Cost of Rs. 2964.07 from National Highways Authority of India (NHAI).
Mindtree: Announced that its insights platform, Decision Moments, built on the Microsoft Azure Platform, now leverages Adobe Experience Cloud, helping marketers drive faster conversions and increase customer lifetime value.
Punj Llyod: The company has received a contract worth Rs 505 crore (approx.) in Odisha On EPC Basis By NHAI.
PFC: PFC board approves Rs 57,000 crore market borrowing plan for the next financial year.
KEC International: KEC International has secured new orders of Rs. 2,419 crore across its businesses.
Adani Enterprises: Adani Enterprises has signed coal mining pact with NLC India.
Dilip Buildcon: The company has been declared lowest bidder for 4 hybrid annuity projects valued at Rs 4,115 crore by NHAI in Karnataka & Maharashtra.
Wipro: Wipro and Adobe Expand Partnership to Offer Enhanced Digital Services
and Solutions.
MCX: MCX brass futures contract debuts with volume of Rs 14.71 crore.
Capital First: Merger with IDFC Bank has received the nod of National Stock Exchange (NSE).