On the fresh morning of Wednesday, NSE index NIFTY50 is opened higher in the Asian markets. On Tuesday, Nifty50 index is closed after raised 100 points and create a benchmark of 10,582. While today SGX Nifty shows a positive opening by going upwards of 27.5 points or 2.6 percent. Nifty futures were trading on the Singaporean exchange probably around 10,632.

On Tuesday, the Dow and S&P 500 ended on a small scale of decline position due to losses in energy shares and Boeing. While Reuters report says, with the slight gain in the technology stocks gives a new ray of hope in the progress of trade talks.

Asian shares are declined due to the investors tensed about the downfall in crude oil prices, as a result, world demand and oversupply are tend to be weak.

Many BSE listing companies like Coffee Day Enterprises, Cox & Kings, Mahindra & Mahindra, Motherson Sumi, Page Industries, PC Jeweller, SpiceJet and Unitech and many more will announce earnings later today.

Stocks In News Toady

  • Zee Entertainment promoter/promoter group to sell/divest up to 50 percent of their equity stake in the company to a strategic partner
  • Sun Pharma: Q2 show affected by one-time loss; posts net loss of Rs 218 crore
  • Ashok Leyland: Q2 net profit rises 38% YoY at Rs 460 crore; Vinod Dasari resigns
  • NMDC: Net profit falls 25 percent YoY to Rs 636.4 crore
  • Entertainment India: The company posted a fall in net profit at Rs 98 Cr down 18 percent from last year at Rs 119.2 crore.
  • GE T&D India: Q2 profit up 8% at Rs 51 crore
  • Fortis: IHH acquires controlling 31.1% stake for Rs 4,000 crore.

Technical Recommendations:

According to SMC Global Securities and here’s what they have to recommend:

  • Titan Company Limited
  • Apollo Tyres Limited
  • Redington (India) Limited

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