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.
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.
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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
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.