Moneycontrol
Last Updated : May 22, 2018 09:08 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which you can go short on

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Exchange.

Moneycontrol News @moneycontrolcom

The Nifty50 is expected to open flat-to-negative on Tuesday following muted trend seen in other Asian markets. The index closed 79 points lower at 10,516 on Monday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27 points, or 0.26 percent. Nifty futures were trading around 10,515 on the Singaporean Stock Exchange.

US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent, said a Reuters report.

Asian markets were subdued on Tuesday, shrugging off gains seen on Wall Street as recent US-China trade tensions cooled. The Nikkei 225 tracked lower by 0.08 percent after starting the session with slight gains, it said.

Stocks in news:

Results Today: SBI, Cipla, Dr Reddy's Laboratories, HPCL, IOC, Sonata Software

Dhunseri to buy Egyptian co in joint venture

Balaji Telefilms appoints Sunil Lulla as group CEO

DHFL to raise up to Rs 12K cr; NCD issue opens tomorrow

Just Dial Q4: Net profit was up 53% at Rs 39 crore and revenue was 10.3% at Rs 200.5 crore

Astrazeneca Pharma Q4: Net profit was at Rs 3.2 crore against loss of Rs 9.6 crore

Mahanagar Gas Q4: Net Profit rose 5% at Rs 105 crore and revenue was 11.7% at Rs 587 crore

DLF Q4: Net profit was up 70.5% at Rs 243.3 crore and Revenue was down 38% at Rs 1,377.7 crore

Motilal Oswal Q4: Net Profit rose 64% at Rs 147.6 crore and Revenue was up 42.8% at Rs 752.1 crore

Globus Spirits Q4: Net profit was down at Rs 1.4 crore and Revenue was at Rs 424.1 crore

Technical Recommendations:

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

Wipro: Sell| Target: Rs 245 | Stop-loss: Rs 280 | Return 7.5%

Apollo Hospitals Ltd: Sell| Target: Rs 890 | Stop-loss: Rs 1050 | Return 9.5%

Bharti Airtel: Sell| Target Rs 335 | Stop loss: Rs 380 | Return 7%

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 22, 2018 08:36 am
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