FAST MONEY: Glenmark, Mphasis among top stocks to make money today

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.

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.)