Market Headstart: Nifty likely to open flat; 3 stocks which could give 3-5% return

Trends on SGX Nifty indicate a flat start for the broader index in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,476-level on the Singaporean Exchange.

The Nifty50 is likely to open on flat note on Monday tracking mixed cues in in the global markets.


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Trends on SGX Nifty indicate a flat start for the broader index in India, a fall of 3 points or 0.03 percent. Nifty futures were trading around 10,476-level on the Singaporean Exchange.

Even the hard-hit S&P500 energy and financial sectors managed to close the Friday session with slight gains after a late afternoon rally, said a Reuters report.

Asian shares slipped on Monday as worries over Sino-US trade disputes, a possible slowdown in the Chinese economy and higher US borrowing costs tempered optimism despite a rebound in global equities late last week, it said.

Crude oil futures rose sharply on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices.

Stocks in news:

Results today: Hindustan Unilever, 3i Infotech, Karnataka Bank, Tata Sponge Iron, Quintegra Solutions

AU Small Finance Bank Q2: Profit rises 34 percent to Rs 91 crore; net interest income increases 46 percent to Rs 321 crore (YoY); gross NPA falls to 2 percent against 2.2 percent and net NPA declined to 1.3 percent versus 1.4 percent (QoQ)

Avenue Supermarts Q2: Profit rises to Rs 225.74 crore versus Rs 191.04 crore; revenue jumps to Rs 4,872.5 crore versus Rs 3,506.92 crore (YoY).

HUL Q2: Profit jumps 19.5 percent to Rs 1,525 crore; revenue rises 11.1 percent to Rs 9,234 crore (YoY).

IL&FS Engineering and Construction: Infrastructure Leasing & Financial Services Limited (IL&FS), the promoter of the company nominated CS Rajan, Director, IL&FS, as a director of the company.

Nitesh Estates: Company entered into an agreement to sell 100 percent stake in step down tier II subsidiary - Nitesh Pune Mall Pvt. Ltd. It has signed agreement with ABIL group of Pune (Ela Realty, a SPV of ABIL).

PVR: Company opened 10 screens multiplex at PVR ICON, VR Chennai, Tamil Nadu.

Technical Recommendations:

Here’s what experts have to recommend:

Zee Entertainment | Rating: Buy | Target: Rs 495| Stop-loss: Rs 430 | Upside: 6 percent

Bajaj Finance | Rating: Buy | Target: Rs 2,392 | Stop-loss: Rs 2,260 | Upside: 5 percent

HCL Tech | Rating: Sell | Target: Rs 956 | Stop-loss: Rs 1,010 | Downside: 3 percent

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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.

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