Index trend and stocks in action March 28, 2018

The benchmark Nifty opened the session with an upside gap and, thereafter, it faced resistance at the 10,200-mark. Thereafter, the opening upside gap was filled. To conclude, Nifty closed at 10,184 with gains or 0.53 per cent. The price action formed a long-legged Doji candle pattern. Going ahead, today’s session is a crucial day as we will have the last trading session of the March series, month and financial year. The level of 10,225-10,240 will act as immediate resistance area for the market. On the downside, supports are seen around the levels of 10,120 and 10,040.   
  
Hindustan Aeronuatics: Hindustan Aeronautics to make debut today. 

Avanti Feeds: Commencement of commercial production of the additional capacity of 1,75,000 MT of Shrimp feed at Shrimp feed plant Bandapuram, Andhra Pradesh. 

IDBI Bank: IDBI Bank had sanctioned Pisciculture loans during the period from FY2009 to FY2013 at a few branches of erstwhile state of Andhra Pradesh. It was later discovered that some of these loans were fraudulently. While recovery was achieved in certain accounts, most of the accounts turned NPA from FY 2014 onwards.

Bodal Chemicals: Bodal Chemicals starts commercial production at Gujarat plant.

Tejas Networks: The company has won an expansion order of Rs 336 crore from BSNL for BharatNet. 

Nestle: Government of Maharashtra and Nestle India in collaboration with National Association of Street Vendors of India (NASVI) launch Project 'Serve Safe Food'.

Fortis Healthcare: Fortis board approves demerger of its hospital biz.

Reliance Industries: Reliance Industries to sell select Eagle Ford shale assets in U.S. for $100 million.

Indoco Remedies: Indoco Remedies gets seven observations (three critical and four major) for Goa drug manufacturing plant from UK-MHRA.

SBI: SBI allots shares to government for Rs 8,800 crore capital infusion.