Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which can give up to 12% return

The Nifty50 is expected to open flat on Friday tracking muted trend seen in other Asian markets. The Nifty index closed 196 points higher at 10,325 on Thursday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 16 points or 0.15 percent. The Nifty futures were trading around 10,340-level on the Singapore Stock Exchange.

The Dow and the S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew.

The Dow Jones Industrial Average rose 240.92 points, or 0.99 percent, to 24,505.22, the S&P 500 gained 18.15 points, or 0.69 percent, to 2,662.84 and the Nasdaq Composite added 34.45 points, or 0.49 percent, to 7,076.55, Reuters reported.

Asian markets were trading mixed after US President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent, said a report.

Reliance Communications: The company hopes to cut debt by Rs 25,000 crore after SC allows asset sale

Eros International: The company has partnered Royal Challengers Bangalore as title sponsor

Tata Motors: the company launched three CVs in Malaysia

Glenmark Pharma: The pharma major has recalled over 1 lakh bottles of anti-inflammatory drug in US

Larsen & Toubro: SFIO has received a complaint against L&T Group of financial irregularities, ET Now reported.

Indian Oil Corporation: Acquires 17 percent participating interest in the Mukhaizna Oil Field, Oman from Shell

HCL Technologies acquires life sciences and consumer services provider C3i solutions

Exide Industries Ltd: BUY| Target 260| Stop Loss 224| Returns 10%

Kotak Mahindra Bank Ltd: BUY| Target 1240| Stop Loss 1057| Returns 11%

Bajaj Finserv Ltd: BUY| Target 6098| Stop Loss 5125| Returns 12%