Moneycontrol
Last Updated : May 23, 2018 08:47 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open flat; 3 stocks to go long on

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 16 points. Nifty futures were trading around 10,533 on the Singaporean Exchange.

Moneycontrol News @moneycontrolcom

The Nifty50 is expected to open flat-to-negative on Wednesday following muted trend seen in other Asian markets. The index closed 20 points higher at 10,536 on Tuesday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 16 points. Nifty futures were trading around 10,533 on the Singaporean Stock Exchange.

US stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares, said a Reuters report.

Asian shares edged up on Wednesday but investors were cautious after US President Donald Trump tempered optimism over progress made so far in trade talks between the world's two largest economies, it said.

As many as 123 stocks to report March quarter numbers today including names like Archies, CESC, eClerx, EROS Media, Godrej Industries, Grasim Industries, IFCI, Jet Airways, Kolte Patil, Natco Pharma, Repco Homes, Tata Motors and Tata Motors DVR among others.

Stocks in news:

Sun Pharma received USFDA approval for YONSA

L&T Technology Q4: Net profit was up 25.8 percent at Rs 159.8 crore and revenue was up at Rs 1,054.8 crore

National Standard Q4: Net profit was at Rs 4.6 crore and revenue was at Rs 11 crore

Healthcare Global Q4: Net loss at Rs 20 lakh and revenue was up 22 percent at Rs 222.3 crore

Bata Q4: Net profit was up 45% at Rs 52.1 crore and revenue was up 6.9% at Rs 632.3 crore

HPCL Q4 net profit down 10.4% at Rs 1,747.9 crore, revenue up 5.8% at Rs 60,801 crore, QoQ

Minda Industries: The firm allotted equity shares of around1,10,000 shares and hence will boost.

Cipla: The firm reported a net profit of Rs 153.8 crore.

Sonata Software: Profit for the March quarter has grown 10 percent at Rs 54.3 crore.

State Bank of India to sell 3-5 percent stake in general insurance JV in FY19

GE Power India Q4 net up 32 percent at Rs 51.55 crore

Technical Recommendations:

We spoke to Epic Research and here’s what they have to recommend:

M&M: Buy| Target: Rs 875| Stop loss: Rs 810| Return 5%

LIC Housing Finance: Buy| Target: Rs 520| Stop loss: Rs 465| Return 8%

Zee Entertainment Enterprises: Buy| Target: Rs 598| Stop loss: Rs 550| Return 6%

Disclaimer: The views and investment tips expressed by investment expert 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.
First Published on May 23, 2018 08:42 am
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