Wednesday, 11 July 2018

Nifty Likely To Open Flat; Top 3 Stocks Which Could Give 5-12% Return

Posted by suhani varma on Wednesday, July 11, 2018 with No comments


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The Nifty50 is likely to open flat with a negative bias on Wednesday tracking muted trend seen in other Asian markets. The index closed 94 points higher at 10,947 on Tuesday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35 points or 0.32 percent. Nifty futures were trading around 10,923-level on the Singaporean Exchange.

The S&P 500 rose on Tuesday to post its highest closing level since February 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season, said a Reuters report.


Major markets in Asia fell in the morning trade following the release of a list of an additional USD 200 billion in Chinese goods on which the US is considering imposing tariffs. China markets dropped on the back of the news, with the Shanghai composite sinking 2.31 percent in morning trade, it said.

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