Nifty likely to open flat; 3 stocks which could give 8-14% return

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17 points or 0.16 percent. Nifty futures were trading around 10,618-level on the Singaporean Exchange.

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The Nifty50 is likely to open on a flat-to-positive note on Thursday following positive trend seen in other Asian markets. The Nifty50 closed 6 points lower at 10,576 on Wednesday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17 points or 0.16 percent. Nifty futures were trading around 10,618-level on the Singaporean Exchange.

Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives, said a Reuters report.

Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal, it said.

The rupee gained 36 paise to end at 72.31 against the US dollar on November 14 as global crude oil prices hovered near one-year lows, easing concerns over expanding current account deficit and inflation.

Stocks in news:

PC Jeweller: The company’s net profit fell 38 percent at Rs 39.7 crore.

Alkem Labs: US FDA has concluded inspection at Taloja unit with no observations.

Yes Bank: Non-Executive (Independent) Part- Time Chairman Ashok Chawla resigns with immediate effect

Tata Power – Renascent Power Ventures signed a share purchase agreement (SPA) to acquire 75.01% equity stake and 27,00,00,000 Preference shares in Prayagraj Power Generation Company

Thermax: The company’s net profit grew 29 percent at Rs 74.9 crore.

Apollo Hospitals: The net profit grew 11 percent at Rs 79 crore against Rs 70.96 crore last year.

Technical Recommendations:

Hexaware: Buy| CMP: Rs 318.15 | Target: Rs 363| Stop Loss: Rs 303| Return 14%

United Spirits: Buy| CMP: Rs 647.95 | Target: Rs 700 | Stop Loss: Rs 619| Return 8%

Marico Ltd: Buy| CMP: Rs 347.80| Target: Rs 379| Stop Loss: Rs 329|Return 9%

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