Moneycontrol
Last Updated : Jun 01, 2018 06:35 PM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open flat; keep a stop below 10,600

Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 4.5 points or 0.04 percent. Nifty futures were trading around 10,720.50- level on the Singaporean Exchange.

Moneycontrol News @moneycontrolcom

The Nifty50 is expected to open flat on Friday following muted trend seen in other Asian markets. The index closed 121 points higher at 10,736 on Thursday.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 4.5 points or 0.04 percent. Nifty futures were trading around 10,720.50- level on the Singaporean Exchange.

US stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners, said a Reuters report.

Asian equities sagged on Friday as worries about U.S. trade policy hit global financial markets, which were already shaken this week by political turmoil in Italy.

The Indian economy grew 7.7 percent in January-March, the fastest in nearly two years, signaling quick turnaround aided by rapid construction activity, consumer spending and corporate investment.

Stocks in news:

NCC: The firm has bagged a package of 3 Mumbai-Nagpur expressway contracts

Idea Cellular: It has completed sale of standalone tower business to ATC Telecom Infra

Fortis Healthcare: Fortis Healthcare International, wholly owned subsidiary of Fortis Healthcare sold off 18.2 million units of RHT Health Trust

Bayer Cropsciences proposed to invest in the equity shares of Monsanto India

Infosys extends alliance with Microsoft for cloud-based digital transformation solutions

Shriram EPC - CIRP proceedings have been stayed by NCLT

Mahindra signs MOUs with Government of Maharashtra for electric vehicle manufacture and deployment

TCS rcognized as a leader in manufacturing supply chain execution by two IDC MarketScapes

Technical Recommendations:

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

IDFC Bank: Buy| Target: Rs 45| Stop loss: Rs 39| Returns 11%

L&T Technology Services (LTTS): Buy| Target: Rs 1,436| Stop Loss: Rs 1,275| Returns 8%

Coal India Ltd: Buy| Target: Rs 319| Stop Loss: Rs 283| Returns 8%

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 Jun 1, 2018 08:45 am
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