Index trend and stocks in action May 08, 2018

The NSE benchmark Nifty kicked off the week on a positive note and traded in the positive territory during the day. In the end, Nifty gained 0.92% to end above the important psychological mark of 10,700. The price action formed a sizeable bull candle carrying higher high-low. Going ahead, the index is expected to face resistance at the level of 10,750, followed by 10,780. As far as support is concerned, the level of 10,680, followed by 10,630, would be seen as the immediate levels of support.  

NDTV: The company along with its executives (including ex-executives) filed an appeal before the Securities Appellate Tribunal, Mumbai, against an order issued by SEBI. 

Unichem Labs:  The company has received ANDA approval from USFDA for Valsartan Tablets, USP . 

Lupin: The company has received FDA approval for generic Temovate Ointment, 0.05%. 

Veto Switchgears and Cables: Veto Switchgears and Cables has received an order of Rs 25 crore upon launch of its new product range 'VYOMA' for modular switches . 

Cigniti Technologies: The  board of directors of the company has approved opening of representative office/branch office in Dubai's Free Trade Zone to explore business opportunities. 

Tata Metaliks: Tata Metaliks has informed stoppage of operations at Kharagpur plant due to disruption of work by contractors' workers and service providers by not reporting to work.