FAST MONEY: Glenmark, Mphasis among top stocks to make money today
Japan's Nikkei lost 0.8 per cent, South Korea's KOSPI retreated 0.85 per cent while Australian stocks added 0.3 per cent. S&P 500 futures were off 0.8 per cent, pointing to a another down day for Wall Street shares which slipped on Monday.
The Sensex and Nifty are expected to open lower on Tuesday tracking negative trend in Asian markets which skidded to a four-month low as US President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies that has rattled financial markets.
At 7:50 am, SGX Nifty was trading at 10,731, down 60.50 points or 0.56 per cent.
Among Asian markets, MSCI’s broadest index of Asia-Pacific shares outside Japan lost more than 1 per cent to its lowest level since early June, dragged down by a slide in Chinese shares. The Shanghai Composite Index dropped 1.6 per cent and Hong Kong's Hang Seng shed 2 per cent.
TRENDING NOW
Japan's Nikkei lost 0.8 per cent, South Korea's KOSPI retreated 0.85 per cent while Australian stocks added 0.3 per cent. S&P 500 futures were off 0.8 per cent, pointing to a another down day for Wall Street shares which slipped on Monday.
Here are key intraday trading ideas:
1) SAIL (Buy)
Target: Rs 90
Stoploss: Rs 85
Buying with heavy volumes in last hour of trade
Fresh buying interest seen in futures trade
2) Cummins (Sell)
Target: Rs 660
Stoploss: Rs 678
Weekly chart weak; selling in June series
OI jumped 5% in June series yesterday
3) Borosil Glass (Buy)
Target: Rs 930
Stoploss: Rs 875
Approbal to issue bonus shares
3 bonus shares for 1 share held (1:3)
Borosil to absorb Vyline Glass, Fennel and Gujarat Borosil
WATCH ZEE BUSINESS VIDEO HERE
4) Mphasis (Buy)
Target: Rs 1120
Stoploss: Rs 1090
The stock found support after three-day fall
The stock is trading above all key averages
5) Glenmark Pharma (Buy)
Target: Rs 592
Stoploss: Rs 574
North Carolila unit received USFDA approval; first ANDA approval
Approvals for Atovaquone, Proguanil Hydrochloride drugs
These drugs are used to cure maleria
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)
08:58 am
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