The Nifty50 is expected to open lower on Thursday following muted trend seen in other Asian markets.
The Nifty50 is expected to open lower on Thursday following muted trend seen in other Asian markets. The Nifty50 closed 21 points lower at 10,718 on Wednesday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48.5 points or 0.45 percent. Nifty futures were trading around 10,708-level on the Singaporean Exchange.
US stocks fell on Wednesday as potential US restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China, said a Reuters report.
Asian shares were subdued on Thursday ahead of anxiously-awaited Sino-US trade talks, while the US dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this year, it said.
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We spoke to Bonanza Portfolio and here’s what they have to recommend:
Castrol India Ltd: BUY| Target: Rs 225| Stop loss: Rs 188| Return 12%
Ujjivan Financial Services Ltd: Buy| Target: Rs 485|Stop loss: Rs 394|Return 15%
SBI Life Insurance Co Ltd: BUY| Target RS.830|Stop Loss Rs.699|Return 12%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.