Markets@Moneycontrol: Nifty may open flat; 3 stocks which can give up to 17% return

By Moneycontrol News

Moneycontrol News

The Nifty50 is likely to open flat on Wednesday tracking muted trend seen in other Asian markets. The index closed 109 points lower at 10,249 on Tuesday.

The Nifty50 futures on the Singapore Stock Exchange were trading 11 points lower at 10,222 indicating a flat-to-negative opening for the domestic market.

US stocks eked out a small gain on Tuesday after a choppy session as investors worried about the prospects of a trade war due to mixed signals from Washington on whether US President Donald Trump would follow through with proposed tariffs, said a Reuters report.

Asian markets traded mixed on Wednesday, as risk appetite appeared to recover slightly after taking a knock earlier on news that a top Trump economic advisor would be resigning.

Stocks in news:

TCS issued a press release for extension of the partnership with Virgin Atlantic Airlines for 5 years

HPL Electric & Power issued commercial papers of Rs 40 cr on March 6, 2018

Zee Entertainment will make partial redemption (20%) of listed bonus preference shares

JSW Steel - Upgraded bond rating from Ba3 to Ba2 by Moody's investor service

Avenue Supermart - CRISIL rating revised from Stable to Positive at CRISIL AA

Dilip Buildcon received LoA from NHAI for new Hybrid Annuity Project valued at Rs. 917 Cr. in the State of Jharkhand

Airtel acquires the India leg of GBI's India-Middle East-Europe submarine cable

UltraTech Cement - Limit increased to 40% of capital for investment by RPFIs (FII)

Technical Recommendations:

Here’s what SMC Global Securities have to recommend:

Bharat Bijlee Limited: BUY| TGT Rs1870| Stop Loss 1480| Return 14%

V-Mart Retail Limited: BUY| Target Rs2110| Stop Loss Rs1625| Return 17%

Gujarat Ambuja Exports Limited: BUY| Target Rs306| Stop Loss Rs250| Return 13%

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