Nifty likely to open flat; 3 stocks which could give 11-17% return

-
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 4.5 points or 0.04 percent. Nifty futures were trading around 11,339- level on the Singaporean Exchange.

The Nifty50 is likely to open flat on Tuesday following muted trend seen in other Asian markets. The index closed 41 points higher at 11,319 on Monday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 4.5 points or 0.04 percent. Nifty futures were trading around 11,339- level on the Singaporean Exchange.

A broad sell-off of technology stocks pushed the three major US stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high, said a Reuters report.

Asian share markets weakened taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan’s rate review, at which it could flag a shift away from its massive monetary stimulus, it said.

Oil prices slipped after a report showed that OPEC production reached a 2018 high in the month of July, although the losses were limited as concerns about supply lingered.

On the earnings front, as many as 108 companies will declare results for June quarter which include names like Ajanta Pharma, Bank of India, Bharat Electronics, Castrol India, Dabur India, Mahanagar Gas, Tata Motors, Vedanta, and V-Guard Industries among others.

Share Market Tips

Stocks in news:

Dr Reddy's Laboratories clarified that AstraZeneca has filed lawsuit in Delhi HC

HDFC Bank: The board approved floor price for QIP at Rs 2,179.13 per share. The bank proposed QIP to raise up to Rs 15,500 crore.

Axis Bank: Q1 earnings beat estimates, profit falls 46.3 percent to Rs 701 crore versus Rs 1,305.6 crore; NII rises 11.9 percent to Rs 5,167 crore versus Rs 4,616.1 crore (YoY).

Tech Mahindra: Q1 profit declines 26.5 percent to Rs 897.9 crore versus Rs 1,221 crore; rupee revenue rises 2.8 percent to Rs 8,276.3 crore versus Rs 8,054.5 crore (QoQ).

IDFC Bank: Q1 profit slips 58.5 percent to Rs 181.5 crore versus Rs 437.6 crore; NII increases 26.2 percent to Rs 489.8 crore versus Rs 388 crore (YoY).

InterGlobe Aviation: Q1 profit drops 96.6 percent to Rs 27.8 crore versus Rs 811.1 crore; revenue rises 13.2 percent to Rs 6,512 crore versus Rs 5,752.9 crore (YoY).

Avenue Supermarts: Q1 profit jumps 43.4 percent to Rs 250.6 crore versus Rs 174.8 crore; revenue rises 26.7 percent to Rs 4,559.4 crore versus Rs 3,598.1 crore (YoY).

Technical Recommendations:

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

Godrej Industries Ltd: Buy| LTP: Rs 642.50| Target: Rs.715 | Stop-Loss: Rs 580 | Return 11%

Sterlite Technologies Ltd: Buy| LTP: Rs 342 | Target: Rs.400 | Stop-Loss: Rs 296 | Return 17%

Endurance Technologies Ltd: Buy| LTP: Rs 1,334| Target: Rs.1,500 | Stop-Loss: Rs 1,190 | Return 12%

Disclaimer:-The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

Two days Free Trial and best services packages for dealing in Stock market click here to get >> Future Tips By Ripples Advisory Give a Missed call @9644405056

Comments

Post a Comment

Popular posts from this blog

Daily equity Market By Ripplesadvisory Report 16-Aug-2016

-
MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a
Read more

सकारात्मक वैश्विक रुझानों के सहारे बाजार में मजबूती, निफ्टी 10,900 के ऊपर

-
सकारात्मक वैश्विक रुझानों और अमेरिकी तथा एशियाई बाजारों में मजबूती से गुरुवार को घरेलू बाजार में भी अच्छी शुरुआत हुई है। शुरुआती कारोबार में ही निफ्टी 10,900 के ऊपर आ गया है। सभी प्रमुख सूचकांक हरे निशान में हैं, जिनमें सर्वाधिक मजबूती धातु, ऊर्जा, इन्फ्रा, ऑटो, बैंक और आईटी में है। अगस्त में चीन के सेवा क्षेत्र ने शानदार प्रदर्शन किया, जबकि ब्रिटिश सांसदों ने ब्रेक्जिट में देरी के लिए एक कानून को मंजूरी दे दी है। इसके अलावा हॉन्ग-कॉन्ग में तनाव में कमी आयी है। इन खबरों से निवेशकों को राहत मिली है। बीएसई सेंसेक्स (Sensex) 36,724.74 के पिछले बंद स्तर की तुलना में बढ़ोतरी के साथ 36,821.71 पर खुला। 9.20 बजे के करीब सेंसेक्स 119.37 अंकों या 0.33% की वृद्धि के साथ 36,844.11 पर है। वहीं एनएसई का निफ्टी (Nifty) 10,844.65 के पिछले बंद स्तर के मुकाबले 10,860.95 पर खुल कर 60.60 अंकों या 0.56% की बढ़ोतरी के साथ 10,905.25 पर है। दूसरी तरफ छोटे-मॅंझोले सूचकांकों में भी मजबूती है। बीएसई मिडकैप में 0.35% और बीएसई स्मॉलकैप में 0.30% की वृद्धि है। वहीं निफ्टी मिड 100 में 0.53% और निफ्टी स
Read more

11-year data suggests bears control D-Street in September; can bulls defy odds?

-
Image
The Sensex was down 11 per cent in September 2008, 5.4 per cent in 2018 and dropped by 2.1 per cent in the same month in 2011, data from AceEquity shows. Indian markets remained in a bear grip in August and the trend is unlikely to shift towards the bulls with no big triggers expected in September, say experts. The month of September is off to a muted start, with both the Sensex and the Nifty trading below crucial support levels. The Sensex broke below 37,000 and the Nifty 11,000. Anecdotal evidence suggests that the index has given flat to negative returns in September in six of the last 11 years. The index saw a drop of more than 11 percent in September 2008, followed by 2018 when it slipped 5.4 percent, and in 2011 it dropped by 2.1 percent, data from AceEquity shows. Apart from two tall towers witnessed in 2009 and 2010, the gains in September in the 11-year period have not been that inspiring. The index rallied 10.2 percent in 2010, followed by 10.13 pe
Read more