Moneycontrol
Last Updated : May 18, 2018 08:46 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which can give up to 10% return

Trends on Nifty futures on the Singaporean exchange show that the Nifty could have a lower opening. SGX Nifty is currently trading around 10,670-levels.

Moneycontrol News @moneycontrolcom

The Nifty50 is expected to open flat on Friday following muted trend seen in SGX Nifty. The index closed 58 points lower at 10,682 on Thursday.

Trends on Nifty futures on the Singaporean exchange show that the Nifty could have a lower opening. SGX Nifty is currently trading around 10,670-levels.

Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices. US 10-year Treasury yields closed at 3.1131 percent, said a Reuters report.

Asian stocks edged up on Friday as investors kept a cautious watch on developments in US-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark US Treasury yield topping a seven-year high, it said.

Oil rose to $80 a barrel in London for the first time since 2014 as US crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran.

Stocks in news:

Results today: Ashok Leyland, Amara Raja Batteries, Bajaj Auto, Bajaj Holdings, Tata Chemicals, Thermax, Strides Shasun, Alkyl Amines, Alphageo, Arfin India, Arrow Textiles, Asian Granito, Capacite Infra, Dalmia Bharat, Den Networks, Diligent Ind, Diligent Media, East India Sec, Elegant Marble, Future Life, Gautam Exim, Gayatri Sugars, Gokak Textiles etc.

Fortis Healthcare receives letter from IHH Healthcare Berhad for extension of the acceptance period for the enhanced revised offer

GSFC signs non-binding memorandum of understanding (MoU) with Centrex Metals

Coffee Day Q4: Profit up 95 percent at Rs 25.2 crore versus Rs 12.9 crore; revenue up 26 percent at Rs 1,297 crore versus Rs 1,029 crore (YoY)

Voltas Q4: Profit down 3.1 percent at Rs 194.2 crore versus Rs 200.5 crore; revenue down 0.5 percent at Rs 2,048.4 crore versus Rs 2,058.3 crore (YoY)

Bajaj Finserv Q4: Consolidated profit up 28 percent at Rs 685 crore versus Rs 535 crore; revenue up 25 percent at Rs 8,829 crore versus Rs 7,040 crore (YoY)

Technical Recommendations:

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

Bajaj Finance Ltd: Buy| Target: Rs 2,250| Stop loss: Rs 1,975| Returns 9%

Colgate Palmolive Ltd: Buy| Target: Rs 1,276| Stop loss: Rs 1,138| Returns 9%

Oil India: Buy| Target: Rs 266| Stop loss: Rs 230| Returns 10%

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 18, 2018 08:42 am
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