Nifty likely to open higher; 3 stocks which could give up to 8% return

The Nifty50 is likely to open higher on Friday following a positive trend seen in other Asian markets. The index closed 76 points lower at 10,977 on Thursday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 40 points or 0.36 percent. Nifty futures were trading around 11,082-level on the Singaporean Exchange.

Stocks In News:

IL&FS Financial Services: Company defaulted on 7 repayments between September 12 & 27.

Kesoram Industries received Karnataka government approval for acquisition of some 675 acres of land for Industrial purpose (Mining Activities).

IL&FS Transportation Networks: CARE revised rating on non-convertible debenture of Rs 1,015 crore to BB/Outlook-Negative from BB (SO), non-convertible debenture of Rs 750 crore to BB/Outlook-Negative from BB- (SO) and bank facilities of Rs 500 crore to BB/Outlook-Negative from BB- (SO).

PNB approves infusion of Rs 5,431 crore by govt via preferentail share issue

PNB: CBI filed case against directors & promoters of telecom company VMC Systems Private Ltd after complaint from the bank - CNBC-TV18.

Technical Recommendations:

Epic Research and here's what they have to recommend:

Chennai Petro: Buy| LTP: 281| Target: Rs 305| Stop Loss: Rs 270| Return 8%

HCL Technologies: Sell| LTP: Rs 1090| Target: Rs 1050| Stop Loss: Rs 1120| Return 4%

Shriram Transport Finance Company: Sell| LTP: Rs 1150| Target: Rs 1125| Stop Loss: Rs 1185| Return 2%