Markets@Moneycontrol: Nifty may open higher; 3 stocks which can give up to 15% return
The Nifty50 is likely to open higher on Thursday tracking positive trend seen in other Asian markets. The index closed 95 points lower at 10,154 on Wednesday.
The Nifty50 futures on the Singapore Stock Exchange were trading 34 points higher at 10,213 indicating a flat-to-positive opening for the domestic market.
The S&P 500 ended slightly lower after Wednesday’s volatile session as investors struggled to get a read on US trade policy after President Donald Trump promised hefty import tariffs but then said Mexico and Canada could be exempt, said a Reuters report.
Late on Wednesday, White House spokeswoman Sarah Sanders said Trump is expected to sign something by the end of the week with “potential carve-outs for Mexico and Canada based on national security, and possibly other countries as well”.
Markets in Asia clawed back some gains on Thursday after sliding in the last session on trade-related fears. The benchmark Nikkei 225 index rose 0.89 percent and the Topix was up 0.73 percent. The Kospi advanced 0.59 percent, with strength seen in automakers and tech names, CNBC reported.
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Here’s what ICICIDirect has to recommend:
Mahindra CIE Automotive: BUY| CMP Rs239.00| Target Rs270| Stop Loss Rs216| Return 13%| Time Frame 3 months
Ipca Laboratories: BUY| CMP Rs673| Target Rs775| Stop Loss Rs621| Return 15%| Time Frame 1 monthsPrism Cement: BUY| CMP Rs126| Target Rs142| Stop Loss Rs114| Return 13%| Time Frame 1 months