Moneycontrol
Last Updated : May 02, 2018 08:53 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which can give up to 15% return

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 19 points or 0.18 percent. Nifty futures were trading around 10,743-level on the Singaporean Exchange.

Moneycontrol News @moneycontrolcom

The Nifty50 is expected to open flat on Wednesday tracking muted trend seen in other Asian markets. The index closed 47 points higher at 10,739 on Monday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 19 points or 0.18 percent. Nifty futures were trading around 10,743-level on the Singaporean Exchange.

The S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism, said a report.

Asian equities held steady while the dollar traded near a four-month high as investors await the Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening, it said.

MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, while Japan's Nikkei eased 0.2 percent and South Korea's KOSPI slipped 0.3 percent.

Stocks in news:

Results Today: Hero Motocorp, HCL Technologies, Welspun Corp, Siemens, Tata Power, Marico, InterGlobe Aviation, Century Textiles, Ajanta Pharma

Fortis Healthcare: Received a letter from Munjal's Office and Burman's Office with a proposal to invest in the company Received revised offer from IHH Healthcare Berhad with a proposal to invest in the company

Cipla receives final approval for Phenylephrine Hydrochloride Injection

Maruti Suzuki April total sales up 14.4% at 1.72 lakh units against 1.51 lakh units in April 2017

Mahindra’s auto sector sells up 22% at 48,097 vehicles during April 2018

Mahindra to establish Ag Tech Center at Virginia Tech Corporate Research Center

Tata Motors sells 53,511 units in April 2018 against 28,844 units April 2017

Eicher Motors total motorcycle April sales up 26.7% at 76,187 units versus 60,142 units

Technical Recommendations:

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

Marico: BUY| Target: Rs 365 | Stop loss: Rs 312 | Return 10%

IRB Infrastructure Developers Ltd: BUY| Target: Rs 325 | Stop loss: Rs 250 | Return 15%

Crompton Consumers: BUY| Target: Rs 260 | Stop loss: Rs 217 | Return 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 2, 2018 08:46 am
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