Market Headstart: Nifty likely to open higher; 3 stocks which could give 6-9% return

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.32 percent. Nifty futures were trading around 10,656-level on the Singaporean Exchange.

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The Nifty50 is expected to open higher on Friday tracking positive trend seen in other Asian markets. The index closed 40 points higher at 10,616.70 on Thursday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.32 percent. Nifty futures were trading around 10,656-level on the Singaporean Exchange.

Asian share markets fared better as hopes for a thaw in Sino-US trade relations gave Wall Street a fillip, though there were duelling reports on the prospects for an actual agreement, said a Reuters report.

US stocks rose on Thursday on optimism the United States and China could resolve their trade dispute after a news report said Washington would pause further tariffs on Chinese imports, it added.

The rupee vaulted 34 paise to close at a two-month high of 71.97 against the US dollar on November 15 on robust foreign fund inflows amid low crude oil prices.

Stocks in news:

Results on Friday: SREI Infrastructure Finance, Supreme Infrastructure India, Tourism Finance Corporation of India.

Results on Saturday: Siemens, Anik Industries, PNB Gilts.

Tata Investment Corporation: Board of directors will consider proposal for buyback of equity shares at its meeting to be held on November 16.

Yes Bank – O. P. Bhatt has tendered his resignation from his duties as an External Expert of the Search & Selection Committee

Infosys: Company announces Jayesh Sanghrajka as interim CFO. Current CFO MD Ranganath will step down on November 16 and board is in the process of selecting the next CFO.

Technical Recommendations:

Maruti Suzuki | Rating: Buy | Target: Rs 7,950 | Stop Loss: Rs 7,250 | Return: 6.5 percent

Nestle | Rating: Buy | Target: Rs 11,170 | Stop Loss: Rs 10,075 | Return: 7 percent

Titan | Rating: Buy | Target: Rs 1,005 | Stop Loss: Rs 879 | Return: 9 percent

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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