Moneycontrol
Last Updated : Jun 12, 2018 08:57 AM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Nifty likely to open flat; 3 stocks which could give 8-10% return

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 10,789-level on the Singaporean Exchange.

Moneycontrol News @moneycontrolcom

The Nifty50 is likely to open flat on Tuesday following muted trend seen in other Asian markets. The Nifty50 closed 19 points higher at 10,786 on Monday.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 10,789-level on the Singaporean Exchange.

All three major US stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend’s factious meeting of the Group of Seven nations, said a Reuters report.

Asian markets were mixed in early Tuesday trade as investors shrugged off trade-related jitters and ahead of several key events this week, including a highly anticipated meeting between US President Donald Trump and North Korean leader Kim Jong Un in Singapore, it said.

Japan's Nikkei 225 rose 0.43 percent in early morning trade amid broad-based gains. Other markets in the region were little changed. South Korea's Kospi slipped 0.12 percent and Australia's S&P/ASX 200 tacked on 0.03 percent.

Stocks in news:

IFCI revised its benchmark rate to 10.4 percent from 10.2 percent.

Infosys has announced voluntary delisting of its American depositary shares from Euronext Paris & Euronext London

Manappuram Finance board meeting on June 14 to consider issuance of NCD on private placement basis

Orchid Pharma has received EU GMP certification for its Alathur facility

DCM Shriram board meeting on June 18 to consider the proposal to Buy-Back the fully paid up equity shares

Borosil Glass Works' board meeting on June 18, 2018

Shoppers Stop closes its Shoppers Stop store at Swami Vivekananda Airport, Raipur, due to non-renewal of airport store premises agreement

Strides Shasun receives USFDA approval for Oseltamivir Phosphate Capsules

Technical Recommendations:

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

Quess Corp Ltd: Buy| LTP: Rs 1,198| Target Rs 1,300 | Stop-loss: Rs 1,140 | Return 8.50%

TAJ GVK Hotels & Resorts Ltd: Buy| LYP: 230| Target: Rs 250 | Stop-loss: Rs 218 | Return 9%

Jamna Auto Industries Ltd: Buy| LTP: Rs 94| Target: Rs 103 | Stop-loss: Rs 88 | Return 10%

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 Jun 12, 2018 08:26 am
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