Index trend and stocks in action June 14, 2018
The NSE benchmark Nifty, after a positive start, faced resistance at higher levels and, thereafter, it remained largely stuck in a slender range to end the day flat at 10,857. The price action of the day formed a small body negative candle carrying higher high and higher low, indicating breather at higher levels. In the coming session, the level of 10,890 is likely to act as an immediate resistance level, followed by 10,930, while on the downside, supports are seen at the levels of 10,800, followed by 10,770. The RSI on the daily time frame has a reading of 63 and has marked its fresh 14-period high.
HDFC Bank: The cabinet has approved HDFC Bank’s Rs 24,000 crore FDI proposal.
Infosys: Infosys and Rhode Island School of Design have launched pioneering design partnership. Over the next two years, Infosys will train 1,000 designers across the globe.
Canara Bank: The bank plans to raise up to Rs 7,000 crore in FY19 .
Cipla: Cipla has received final US FDA approval for generic Isuprel injection.
Oberoi Realty: The company's QIP issue has opened and the floor price has been fixed at Rs 509.29 per share.
ICICI Bank: The board of directors of the bank have approved the sale of up to 2.87 crore shares, representing up to 2 per cent of the issued and the paid-up equity share capital of ICICI Prudential Life Insurance, through the stock exchange mechanism.
Kansai Nerolac: The new manufacturing unit of the company at Sayakha Industrial Estate in Gujarat has commenced commercial production.
Lupin: Lupin has launches generic Tobramycin inhalation solution USP in the US.
Tata Power: Tata Power Renewables has signed PPA with GE for 5 MW solar projects .