20th November 2017 Positive momentum likely to continue, Buy near 10260 levels: Benchmark indices on Thursday broke their three-day losing streak and closed in the positive territory. Photo of the Day | Sunrise of Hpa-an The Nifty rose 0.96% from the previous close to end at 10215 levels. Value fishing at lower levels and the strength in Asian markets helped domestic equity markets rise yesterday for the first time in four days. Selective accumulation in IT, banking and oil & gas counters further lifted the sentiments. Read More:: Expert Trading Calls - 17th November 2017 Nifty For the day to watch India’s FX reserves data will be released today post market hours. Technically, Nifty bounced after testing 50 EMA yesterday which is a positive sign for the markets indicating that the broader trend in the index is still intact unless 10090 levels are breached. The index may face resist...
At 8 am, Nifty futures trading on SGX were trading 9.5 points, or 0.09 per cent, lower at 10,155.50, indicating a flat start for the Nifty50. Here is a list of top stocks that are likely to be in focus in today's trading session:
Reliance Communications: The company said that it is not making any payment to lenders or bond- holders for the time being as it is under 'standstill period' with invocation of strategic debt restructuring scheme and working on asset-monetisation.
5Paisa Capital: 5Paisa Capital, an online financial services provider belonging to IIFL Group, will make its debut on the bourses on November 16. Market watchers expect the company to list between Rs 180 and Rs 200 apiece, which will value it at approximately Rs 250 crore.
Fortis Healthcare: Fortis HealthcareBSE 7.67 % will buy back the real estate assets that house its 14 existing hospitals and four upcoming projects from Religare Healthcare Trust (RHT) for Rs 4,650 crore, including Rs 1,152 crore of debt. The transaction also involves Fortis Healthcare acquiring the 49 per cent stake in Fortis Hospotel from the Singapore Exchange-listed RHT.
Crisil: Rating agency Crisil said it has entered into a definitive agreement to acquire 100 per cent stake in data analytics company Pragmatix Services Pvt Ltd for Rs 56 crore.
Pragmatix is focused on delivering solutions to the banking, financial services and insurance (BFSI) vertical.
Buy PC Jeweller at a price target of Rs 394 and a stop loss at Rs 327 from entry point.
Buy The Ramco Cements, target Rs 730: Manas Jaiswal
Buy The Ramco Cements at a price target of Rs 730 and a stop loss at Rs 685 from entry point.
Buy Mahindra & Mahindra Financial Services, target Rs 470: Pritesh Mehta
Buy Mahindra & Mahindra Financial Services at a price target of Rs 470 and a stop loss at Rs 430 from entry point.
Sell Indraprastha Gas, target Rs 287: Pritesh Mehta
Sell Indraprastha Gas at a price target of Rs 287 and a stop loss at Rs 311 from the entry point.
Buy ACC, target Rs 1,825: Pritesh Mehta
Buy ACC at a price target of Rs 1,825 and a stop loss at Rs 1,752 from the entry point.
Sell Steel Authority of India (SAIL), target Rs 72: Manas Jaiswal
Sell Steel Authority of India (SAIL) at a price target of Rs 72 and a stop loss at Rs 78 from the entry point.
Disclaimer: The views and investment tips expressed by investment experts are their own and not that of the website or its management. Techsavvy advises users to check with certified experts before taking any investment decisions.
Source: ET
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