The Sensex and Nifty are expected to open lower on Wednesday as Asian markets tumbled after US president Donald Trump imposed tariffs on an additional $200 billion worth of Chinese goods with China’s markets leading the declines, as trade tensions between the world’s two biggest economies continued to deteriorate.

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At 7:45 am, SGX Nifty was trading at 10,932.50, down 25.50 points or 0.23 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5 per cent. The index had gained for the past two sessions, having enjoyed a lull from the trade war fears that lashed global markets last week. Hong Kong’s Hang Seng slid 2.2 per cent and the Shanghai Composite Index slumped 2.4 per cent.

S&P 500 and Dow futures were down 0.9 percent and 1 percent, respectively, pointing to a lower open for Wall Street later in the day.

South Korea’s KOSPI lost 1.3 percent and Japan’s Nikkei fell 1.8 percent.

Here are key intraday trading tips:

Vedanta (S)

Target: Rs 221
Stoploss: Rs 228

US imposed tariffs on an additional $200 billion worth of Chinese goods
Tariff rate could be 10%
New tariffs will be launched after two-month analysis

Dewan Housing (S)

Target: Rs 602
Stoploss: Rs 614

Sell-off in the stock for third week in a row
Open contracts reduced 2% in futures trade

Take Solutions (B)

Target: Rs 256
Stoploss: Rs 248

Smallcap IT stocks in focus after TCS results
The stock is trading above all key averages 

Bajaj Electricals (B)

Target: Rs 559
Stoploss: Rs 547

Consumer durables, electrical goods shares surged 
The stock looks set to break 5-week trading range

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KEC International (B)

Target: Rs 348
Stoploss: Rs 333

The company received new orders worth Rs 1357 crore

Rs 1234 crore order for T&D
Rs 123 crore order for cables 

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)