Index trend and stocks in action June 19, 2018
The NSE benchmark Nifty opened the session with modest gains and, thereafter, it traded in a meagre range throughout the trading session. All-in all, it was a day of consolidation with a negative bias for the Nifty. The price action formed a small body bear candle. Going ahead, the level of 10,835 is a big hurdle for the Nifty and only a sustainable move beyond this would bring back some buoyancy in the market to eventually move towards the swing high of 10,929 registered on May 15. On the downside, the zone of 10,755-10,765 is a crucial support zone for the Nifty as it is 38.2 per cent retracement level of the recent upmove (10,550-10,893) placed around 10,762. A move below 10,755 would open up for further correction up to levels of 10,700.
Goa Carbon: The company's operations at Paradeep unit have been temporarily suspended due to obstructions by contract workers .
TCS: The company has opened its new delivery centre in Suresnes, France.
Titan Company: Titan Company has sold its entire stake in Titan Time Products to Danlaw Technologies for Rs 18.5 crore.
ICICI Bank: ICICI Bank has appointed Sandeep Bakhshi as wholetime director & COO .
Borosil Glass Work: The company has approved issue of bonus shares in the ratio of 3:1.