Moneycontrol
Last Updated : May 03, 2018 09:07 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open lower; 3 stocks which can give up to 15% return

The Nifty50 is expected to open lower on Thursday following muted trend seen in other Asian markets.

Moneycontrol News @moneycontrolcom

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.

Stocks in news:

Results Today: Adani Ports, HCC, Adani Power, Hexaware Technologies, IRB Infra, JSW Energy, MRF

Biocon: US FDA completed pre-approval inspection of Sterile drug manufacturing facility, Bangalore this week USFDA issues Form 483 with 7 observations

National Fertilizers Q4 net profit down 23.9% at Rs 67.68 crore, revenue up 12.8% at Rs 2,095.73 crore.

Siemens Q2 net profit up 18.2% at Rs 219.7 crore, revenue up 7.6% at Rs 3,283.4 crore

Kridhan Infra's subsidiary Swee Hong wins order worth Rs 566 million

Sical Logistics received letter of acceptance from Northern Coalfields for excavation of overburden from Amlohri OCP

ONGC drills 503 wells in FY18 - Highest in last 27 years

Monsanto: The firm’s Board will be meeting on May 15, 2018 to discuss financial results and a dividend issue.

Technical Recommendations:

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.
First Published on May 3, 2018 08:50 am
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