The Sensex and Nifty are expected to snap the strong run of the last two sessions on Friday as global cues this morning remained negative. Asian markets stepped back from a 2-1/2 month high as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders.

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At 7:45 am, SGX Nifty was trading at 10,707, down 65 points or 0.60 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent after six straight sessions of gains took it to the highest since mid-March.

Chinese shares slipped, with the blue-chip Shangai-Shenzhen index down 0.6 per cent. Hong Kong's Hang Seng declined 0.7 percent while South Korea's KOSPI was off 0.4 per cent. Japan's Nikkei and Australian shares were barely changed.

Here are key trading ideas for Friday's trade:

1. Man Industries (Buy)

Target: Rs 124
Stoploss: Rs 119                            

Board meeting scheduled for June 13
Stake sale in subsidiary Merino Shelters to be discussed
Sharesholders of Man Industries to receive Man Infra shares too
1 share of Man Infra to be given against one share of Man Industries 

2. Time Technoplast (Buy)

Target: Rs 150
Stoploss: Rs 143

The company received Rs 40 crore order
The stock traded strong in yesterday's session

3. Tata Motors (Buy)

Target: Rs 315
Stoploss: Rs 302

Credit Suisse has outperform rating on the stock
Target fixed at Rs 460 per share

4. Hindalco (Sell)

Target: Rs 242
Stoploss: Rs 250

Aluminium prices slipped 1.5% in previous session
Sell-off expected in aluminium shares

WATCH ZEE BUSINESS VIDEO HERE

5. IRB Infra B 245 235

CLSA has a buy rating on the stock
Target fixed at Rs 330 per share

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