Nifty likely to open lower; 3 stocks which can give up to 10% return

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35.5 points or 0.34 percent. Nifty futures were trading around 10,306-level on the Singaporean Exchange.

The Nifty50 is expected open flat-to-lower on Monday tracking muted trend seen in other Asian markets and weak handover from Wall Street. The Nifty50 index closed 6.45 points higher 10,331.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35.5 points or 0.34 percent. Nifty futures were trading around 10,306-level on the Singapore Stock Exchange.

US stocks dropped about 2 percent on Friday, with the Dow falling more than 570 points, as US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China, Reuters reported.

Asian shares started flat on Monday as US President Donald Trump kept up his twitter war with China over trade just a couple of days before President Xi Jinping gives a keynote speech on his policy priorities, Reuters reported.

Losses across the region were minor with MSCI’s broadest index of Asia-Pacific shares outside Japan off just 0.05 percent. Japan’s Nikkei wavered either side of flat, and South Korea edged ahead by 0.1 percent.

Stocks in news:

Wipro sold 63% of its stake in Wipro Airport IT to Antariksh Softtech

Akzo Nobel: The Board has recommended a share buyback to the tune of Rs 235.20 crore.

Dabur India: The firm has completed the acquisition of two personal care products firms in South Africa.

Lemon Tree Hotels to make debut today

State Bank of India: Bank puts 15 NPAs worth Rs 1,063 crore for sale

Punjab National Bank: Bank puts 15 NPAs worth Rs 1,063 crore for sale

Shree Renuka Sugars: Company to divest Brazilian operations

Dewan Housing Finance: Company plans to raise up to Rs 1,000 crpre via debentures on private placement basis

Ballarpur Industries: Company to sell Malaysian unit for USD 310 million (approx Rs 2,011 crore)

We spoke to 5nance.com and here’s what they have to recommend:

Gravita India Ltd: BUY| Target Rs192 | Stop-loss Rs165 | Return 10%