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Monday 10 December 2018

Market Today: Nifty likely to open lower; 3 stocks which could give 11-15% return - @TheGRSsolution


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Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.

The Nifty50 is likely to open lower on Monday following muted trend seen in other Asian markets. The index closed 92 points higher at 10,693 on Friday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.

Wall Street’s main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over US-China trade tensions and interest rates convulsed Wall Street, said a Reuters report.

Stocks extended their slump in early Asian trade on Monday, with US equity futures off to a softer start for the week as worries over US-China trade tensions battered investor sentiment, it said.

Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.

Stocks in news:

Axis Bank: Board appointed Amitabh Chaudhry as an Additional Director of the bank for a period of 3 years, with effect from January 1, 2019.

Power Finance Company (PFC) will not be required to make an open offer to minority shareholders of REC after buying out the government's 52.63 percent stake in the company as it is a related party transaction, an official said.

Ace investor Porinju Veliyath owned portfolio management firm sold more than 29 lakh equity shares of Texmaco Rail & Engineering through bulk deals on December 7, 2018.



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