DSIJ Mindshare

Ashiana Housing Limited has entered into an agreement with International Finance Corporation (IFC) which is a part of World Bank Group to co-invest in upcoming affordable and middle-income residential projects which will include senior-living projects.

Tech Mahindra, which forms 12.15 per cent weightage in the Nifty IT index is currently trailing at its multi-year highs. Since July 2017, the stock has seen nearly an uninterrupted rise of almost 74 per cent up to its current 52-week high. Recently, the stock has been trading in a multiple resistance range of 627-635.

State-run IDBI Bank, which is in full media glare following the news of Rs. 772 crore fishery loan scam has finalised a deal to sell its office in BKC, Mumbai.

Nestle India, majorly known for its Maggi noodles, is trailing at its all-time high level, in an otherwise weak market. With trendline breakout, significant volumes and 14-period RSI trendline breakout at 60 we see momentum to continue in the near to medium term. With this, we may see 800-1,000 points upside in the stock.

Rupee is seen depreciating amid protectionist policies of US President Donald Trump, followed by the trade war cues and FED rate hikes on the global front and deteriorating condition of PSU Banks and deficits on the domestic front. 65.25 and 65.31 to act as resistances and 64.72-64.62 to act as supports for USD/INR.