Today Indian Stock Market Tips- Nifty likely to open gap up; Torrent Power
Nifty futures on the Singaporean exchange are trading strong, gaining almost 100 points. It points to a gap-up opening on the index here as well.
The Nifty50 is likely to open higher on Wednesday following a positive trend seen in other Asian markets. The index closed 72 points higher at 10,584 on Tuesday.
Nifty futures on the Singaporean exchange are trading strong, gaining almost 100 points. It points to a gap-up opening on the index here as well.
Asian equities got some much-needed relief much-needed after upbeat US earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies, said a Reuters report.
US stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off, it said.
Stocks in news:
Infosys reported a net profit of Rs 4,110 crore for the quarter ended September which was better than Reuters estimate of Rs 4,088 crore.
Crisil Ratings Tuesday reported a 30 percent growth in net income at Rs 90 crore, driven by new client additions and focus on efficiencies in the September quarter.
Two-wheeler major Hero MotoCorp's second quarter (July-September) profit declined 3.4 percent year-on-year to Rs 976.28 crore, dented by weak operational performance.
Shakti Pumps Q2: Consolidated profit jumps to Rs 9.27 crore versus Rs 3.02 crore; revenue surges to Rs 138.7 crore versus Rs 67.7 crore YoY.
Mahindra CIE Automotive Q2: Profit surges 73.9 percent to Rs 42.6 crore versus Rs 24.5 crore; revenue rises 21.7 percent to Rs 652.4 crore versus Rs 536.2 crore YoY.
Torrent Power: Buy| LTP: Rs 245.10|Target: Rs 250| Stop Loss: Rs 240| Return 2%
Tata Elxsi: LTP: Rs 1039| Target: Rs 1060| Stop Loss: Rs 1035| Return 2%
Equitas Holdings Ltd: Buy| LTP: Rs 131.40| Target: Rs 138| Stop Loss: Rs 128| Return 5%
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making the investment decision
Best Commodity Daily Market News, Click Here Watch More News- Ripples Advisory, 2 Days Free Trial or See Stock Cash Services. Focus on all moments - big and small'
0 comments