Trends on the Nifty futures on the Singaporean exchange indicate a flat opening for the market, with a hint of a negative bias. SGX Nifty was trading around 10,800-levels, a change of five points on the lower side.
The Nifty50 is expected to open flat on Monday following muted trend seen in other Asian markets and SGX. The Nifty50 closed 89 points higher at 10,806 on Friday.
Trends on the Nifty futures on the Singaporean Exchange indicate a flat opening for the market, with a hint of a negative bias. SGX Nifty was trading around 10,800 levels, a change of five points on the lower side.
Asian shares held near one-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while the dollar dipped again as investors wagered on a slower pace of US interest rate hikes, Reuters reported.
Over 65 BSE firms will announce their March quarter earnings on Monday, which the Street will keep an eye on. Among those include Bombay Dyeing, Hindustan Unilever, Dr Lal PathLabs, and South Indian Bank, among others.
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We spoke to 5nance.com and here’s what they have to recommend:
Welspun India Ltd: Buy | Target: Rs 74 | Stop-loss: - Rs. 57 |Upside: 12%
Rain Industries Ltd: Sell | Target: Rs 256 | Stop-loss: - Rs. 290 |Upside: 7%
Mahindra Lifespace Developers Ltd: Buy | Tartet: Rs 545 | Stop-loss: - Rs. 495 | Upside: 5%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.