Thursday, 16 August 2018

Nifty Likely To Open Lower; 3 Stocks Which Could Give 7-11% Return

Posted by suhani varma on Thursday, August 16, 2018 with No comments

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The Nifty50 is likely to open lower on Thursday tracking muted trend seen in other Asian markets. The index closed 79 points higher at 11,435 on Tuesday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 28 points or 0.24 percent. Nifty futures were trading around 11,406-level on the Singaporean Exchange.

Wall Street fell in a day of heavy trading on Wednesday with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff worries, said a Reuters report.


Asian shares hit fresh one-year lows in early trading, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth, it said.

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