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

Trends on SGX Nifty indicated a positive opening for the broader index in India, a rise of 41 points. Nifty futures were trading around 10,434-level on the Singapore Stock Exchange.

Wall Street’s major indexes rose on Monday as a softer stance by U.S. policymakers on China tariffs powered a rebound from last week’s selloff, but stocks pared much of their gains late in the session after a report that the Federal Bureau of Investigation raided the office of President Donald Trump’s lawyer, Reuters reported.

Asian shares edged lower on Tuesday as Wall Street retreated from its highs. The Nikkei 225 edged down by 0.59 percent and the Topix slipped 0.44 percent. South Korea's Kospi index, meanwhile, lost 0.68 percent, Reuters reported.

Stocks in news:

Axis Bank: Shikha Sharma asks Board to reconsider period of her re-appointment as Bank Head. Board has accepted Shikha Sharma's request pending approval from RBI

HDFC hikes retail prime lending rate by 20 bps w.e.f April 1

Alembic to buyback 1,02,50,000 equity shares at Rs 80 per share

Wipro: Telecom client in India filed a petition to initiate CIRP with NCLT. The company likely to see a negative impact of 65-75 bps on net income level

HealthCare Global Enterprises approved the allotment of 9,34,500 equity shares at Rs 321 per share on Preferential basis to the promoter of the company

ICICI Bank: Fitch has said that allegations pose reputational risks and will take appropriate action if risks to reputation and financial profile rise

IDFC Bank: The lender has cut MCLR across all tenors by 5bps effective April 8Technical Recommendations:

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

KEI Industries Ltd: BUY| Target Rs. 480 | Stop-loss Rs 402 | Return 11%

KNR Construction: BUY| Target Rs. 340 | Stop-loss Rs 284| Return 11%

Allahabad Bank: BUY| Target Rs. 60| Stop-loss Rs 51 | Return 10%

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.