DSIJ Mindshare

Reliance Power has signed a joint venture (JV) with JERA for developing 750 MW gas-based combined cycle power project in Bangladesh. Reacting to this news, the stock of the company surged by 8.64 per cent.

In case Nifty sustains below the level 10,760, it would invite further selling and Nifty may test its panic low of 10,637 registered on August 23. On the other hand, it is advisable to wait till the Nifty moves above the 10,830 mark to create any short term long positions in the index. Stocks in news: MCX, Majesco, Varun Beverages, Indiamart Intermesh, Praj Industries, Gujarat Alkalies & Chemicals.

The SGX Nifty in early action is indicating a mild pullback on D-Street on Wednesday and helping the cause are positive cues from Asian peers.

The stock of Asian Paints forms Evening Doji Star candlestick pattern on the daily time frame.

Zydus Cadila received marketing authorization for Twinrab (RabiMabs) from the Drug Controller General of India. Post this development, the stock of the company jumped by nearly 2 per cent on BSE.