Markets@Moneycontrol: Nifty likely to open higher; 3 stocks which can give up to 10% return

The Nifty50 is expected to open higher on Friday tracking positive trend seen in other Asian markets. The index closed 47 points higher at 10,617 on Thursday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 38.5 points or 0.36 percent. Nifty futures were trading around 10,655-level on the Singaporean Exchange.

US stocks advanced on Thursday with each of Wall Street’s major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as US bond yields pulled back, said a Reuters report.

Asian shares edged higher on Friday, after US equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged, it said.

As many as 25 companies will be reporting their results for quarter ended March 31 on Friday which include stocks like Reliance Industries, HPCL, IDFC Ltd, Maruti Suzuki, JSW Holdings, RBL Bank, Shoppers Stop, UPL Ltd and Shoppers Stop.

Stocks in news:

Reliance Industries, Maruti Suzuki, Bandhan Bank, Equitas Holdings, IDFC, Nelco, RBL Bank, Shriram Transport Finance, Sundaram Finance

AU Small Finance Bank: Q4 net up 7 percent at Rs 83 crore

L&T Finance: Company hikes prime lending rate by 15 bps

Axis Bank: Q4 loss at Rs 2,189 crore on three-fold jump in provisions; asset quality worsens

SBI Life: Q4 net profit up 13 percent to Rs 381.2 crore

Biocon: Company has proposed a final dividend of Re 1 per equity share.

Reliance Capital: Company's Q4 net profit up 36 percent at Rs 428 crore

Technical Recommendations:

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

Manappuram Finance Ltd: BUY| Target Rs 129| Stop Loss Rs115.5| Returns 8%

DCB Bank Ltd: BUY| Target Rs 213| Stop Loss Rs 187.5| Returns 9%

Escorts Ltd: BUY| Target 1047| Stop Loss Rs 917| Returns 9-10%

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