Market Headstart: Nifty likely to open flat; 3 stocks that can yield 9-10%



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The Nifty50 is expected to open flat but significantly higher on Friday, following the positive trend seen in other Asian markets. The index closed up 129 points to 10,858. [19659002] SGX Nifty trends indicate a positive opening for the broader index in India, up 13.5 points or 0.12 %. The nifty futures were trading at around 10,929. In Singapore, Wall Street closed down slightly on Thursday as the tech and financial stocks collapsed, wiping out earlier gains from the stock's minutes. Federal Reserve Shows Central Bank Opens Debate

Stock Markets Slightly Felled Friday in Asian Trade, as Investors Wait for High-Level Meeting Between Chinese and American Presidents in Argentina This Weekend, Looking Signs of a relaxation of the trade war, the newspaper said. .

Actions in the news:

NBFC's actions will be at the center of concerns after the Reserve Bank of India (RBI) on November 29 loosened the rules applicable to the sale or securing of nonbank financial corporations (NBFC) their credit notebooks, with the aim of alleviating the persistent stress in the sector.

The largest British automaker Jaguar Land Rover will reduce about 500 its staff from its factory located in central England. e, he said Thursday. About 500 of the 1,600 people in the plant could be affected at any time for two weeks

UBS on Tata Motors
Maintain Neutral; Cut the TP at 200 to Rs 200 from 280

The recent sharp deterioration of volumes in China has further darkened the outlook for JLR

The government plans to sell at least 3.25% of the capital of the producer of NTPC electricity in December, which will earn Rs. 3,800.

SpiceJet: The company asks shareholders to appoint Ajay Singh to the position of Managing Director.

Vodafone Idea – CRISIL revised down its note on the 6,000 crore non-convertible debentures

meeting on December 12 to review and approve the raising of equity funds on a preferred basis

Technical Recommendations:

We talked to Way2Wealth Brokers Ltd and here's what they should recommend: [19659002] Dr. Reddy's Laboratories Ltd: Buy Between 2650 and 2625 | LTP: Rs 2652 | Target: 2900 Rs | Stop Loss: Rs 2520 | Back 9%

Berger Paints: Buy over 324 | LTP: Rs 319 | Target: 350 rupees | Stop Loss: Rs 310 | Back 10%

Century Textiles Ltd: Sale Below Rs 889 | LTP: Rs 894 | Target: 840 to 810 rupees | Stop Loss: Rs 927 | Return of 9.4%

Disclaimer: Investment advice and views expressed by moneycontrol.com's investment experts are those of its own, not those of the website or its management. Moneycontrol.com advises users to consult certified experts before making any investment decision.

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