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Index trend and stocks in action April 12, 2018

Karan Dsij
/ Categories: Trending, Markets, News
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NSE benchmark Nifty extended its upmove for the fifth consecutive session and ended the session with marginal gains of 15 points. The price action formed a ‘hanging man’ like candlestick pattern which hints at the reversal of an uptrend. Going forward, Nifty is likely to face resistance around 10,440-10,450 levels; however, a decisive move above this level will result in a decent upmove up to the level of 10,510. On the downside, immediate support is placed around the level of 10,350, followed by 10,300. 

Biocon: Mylan and Biocon have agreed to accelerate introduction of adalimumab biosimilar in Europe through Mylan's in-licensing arrangement with Fujifilm Kyowa Kirin Biologics (FKB). 

Tata Motors: The Tata Motors Group global wholesales in March 2018, including Jaguar Land Rover, were at 153,156 nos., higher by 18%, over March 2017.

L&T: L&T and BEL have signed a Memorandum of Understanding (MoU) for Defence Products and Systems. 

IDBI Bank: RBI slaps penalty of Rs 3 crore on IDBI Bank for non-compliance of NPA norms.

IEX: IEX & JEPX Sign Memorandum of Understanding (MoU) - The Organizations to jointly explore Opportunities of Cooperation in Electricity Market. 

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