Markets@Moneycontrol: Tripura win positive for markets; top 3 stocks which can give up to 10% return

The Nifty50 is likely to open flat-to-higher after BJP clinched a majority in Tripura Assembly elections. But, other state election results will be more important for markets, say experts.

Assembly election results of Karnataka, Madhya Pradesh & Rajasthan are likely to set the trend for general elections in 2019.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 40 points. Nifty futures were trading around 10,353.50-level on the Singaporean Exchange.

The S&P 500 ended another turbulent week on an upbeat note Friday, but major indexes posted their worst week of losses since early February as President Donald Trump’s threat to impose import tariffs on steel and aluminium rattled investors, said a Reuters report.

The Dow Jones Industrial Average fell 70.92 points, or 0.29 percent, to 24,538.06, the S&P 500 gained 13.58 points, or 0.51 percent, to 2,691.25 and the Nasdaq Composite added 77.31 points, or 1.08 percent, to 7,257.87.

Asian markets edged lower and the euro slipped early on Monday. Meanwhile, Wall Street finished mostly higher in the last session as markets continued to focus on recently announced metals tariffs, said a Reuters report.

Piramal Enterprises approves the transfer of certain assets and liabilities to the subsidiary for a net consideration of Rs 1729.48cr

HCL Infosystems approves slump sale of “DigiSchool business undertaking”, part of the subsidiary of the company ongoing concern basis

Glenmark - S&P revises rating from negative to stable

Hero Motocorp - Feb sales at 629,597 units (20% growth YoY)

TVS Motor sales at 290, 673 units in Feb 2018

Wipro to acquire a minority stake in Denim Group

Religare receives a letter from SFIO that MCA has ordered an investigation in the affairs of the Company

HDFC Bank seeks to raise USD 2.5 bn via share sale

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Inox Wind Ltd: BUY | TP Rs149 | Stop-loss Rs126 | Upside 10%

Balrampur Chini Mills Ltd: SELL | Target Rs108 | Stop-loss Rs127 |Upside 8%

Future Lifestyle Fashion Ltd: BUY| TP Rs450 | Stop-loss Rs406 |Upside 7%