Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 24 points gain. Nifty futures were trading around 12,068-levels on the Singaporean Exchange
The Nifty is expected to open higher on December 6 tracking the positive trend seen in other Asian markets as US President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China
On December 5, Trump said that US-China trade talks are 'moving right along', striking an upbeat tone despite a lack of agreement over whether existing tariffs should be dropped as part of a deal, reports Reuters.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 24 points gain. Nifty futures were trading around 12,068-levels on the Singaporean Exchange.
The rupee rose sharply in the last hour of trade on December 5 to settle 24 paise higher at 71.29 to the dollar after the RBI promised to continue with its accommodative stance.
On the institutional front, FPIs were net buyers for the first time in Indian markets in December for Rs 653 crore, while the DIIs were net sellers to the tune of Rs 410 crore, provisional data showed.
Stocks in news:
Mahindra & Mahindra Limited (M&M) on December 5 announced that it has acquired 36.63 percent of the share capital of Meru Travel Solutions at Rs 44.71 crore in the first tranche of investment.
Global rating agency Moody's on December 5 downgraded the ratings on private sector lender Yes Bank with a negative outlook citing asset quality concerns and the shrinking capital buffers.
Cadila Healthcare on December 5 said it has filed the New Drug Application (NDA) of Saroglitazar Mg with the Drug Controller General of India (DCGI).
We spoke to IndiaNivesh Securities Limited and here’s what they have to recommend:
Bajaj Finserv: Sell| LTP: Rs 8,970| Target: Rs8,500| Stop-Loss: Rs 9,300| Downside: +5.55%
Container Corp: Buy| LTP: Rs 568| Target: Rs 615| Stop-Loss: Rs 544| Upside: +8.27%
L&T: Buy| LTP: Rs 1,302| Target: Rs1,380| Stop-loss: Rs1,260 | Upside: +5.99%Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.