9:07 am Technical Recommendations:
Here’s what IIFL has to recommend:
Larsen & Toubro Infotech: BUY| Target 1450| Stop Loss 1310| Returns 7%
Jubilant FoodWorks Ltd: BUY| Target 2320| Stop Loss 2159| Returns 5%
M&M Finance Ltd: BUY| Target 485| Stop Loss 429| Returns 8.5%
9:05 am Stocks in news:
Mahindra Holidays allotted 1,15,000 shares of Rs 10 each under ESOP scheme.
Sun Pharma gets nod from US FDA for Psoriasis drug
Dena Bank has made annual interest payment of Rs 40 crore on its 10.20 percent Basel-III compliant AT-I bonds series III.
UltraTech Cement's MD says we were not told about potentially suspect transactions.
Godrej Aerospace expands tie-up with Rolls-Royce, wins Rs 200-cr contract
Havells India has appointed Shashi Arora as CEO of Lloyd.
9:01 am Market Pre-opening Trade:
Benchmark indices started off pre-opening trade on a positive note, with Sensex rising 90.32 points to 33,226.50 and the Nifty gaining 17.70 points at 10,173.
8:59 am Market Cues:
The SGX Nifty is indicating a positive opening in the Indian market, rising 16 points 10,194.50.
US stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve Raised US interest rates, while a strong gain in the energy space helped limit losses, Reuters reported.
The Dow Jones Industrial Average fell 44.96 points, or 0.18 percent, to end at 24,682.31, the S&P 500 lost 5.01 points, or 0.18 percent, to 2,711.93 and the Nasdaq Composite dropped 19.02 points, or 0.26 percent, to 7,345.29.
Asian markets traded mixed early on Thursday after the US Federal Reserve raised interest rates for the first time this year. Japan's Nikkei 225 edged higher by 0.15 percent although the broader Topix was off by 0.03 percent, CNBC reported.
That's all for Today, Have a Nice Day !!!
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