Nifty 17857.25 (-1.94%)
Sensex 59984.7 (-1.89%)
Nifty Bank 39508.95 (-3.34%)
Nifty IT 34913.6 (-1.66%)
Nifty Financial Services 18987.55 (-2.65%)
Adani Ports 688.10 (-7.74%)
Asian Paints 3116.30 (0.70%)
Axis Bank 758.35 (-3.70%)
B P C L 420.80 (-1.61%)
Bajaj Auto 3700.70 (-2.01%)
Bajaj Finance 7484.25 (0.03%)
Bajaj Finserv 17987.70 (-0.13%)
Bharti Airtel 689.75 (-1.79%)
Britannia Inds. 3681.90 (-0.43%)
Cipla 891.75 (-3.33%)
Coal India 166.55 (-4.06%)
Divis Lab. 5121.15 (-0.55%)
Dr Reddys Labs 4569.95 (-1.99%)
Eicher Motors 2527.50 (-2.18%)
Grasim Inds 1702.40 (-1.50%)
H D F C 2900.80 (-0.49%)
HCL Technologies 1152.00 (-2.14%)
HDFC Bank 1593.60 (-2.99%)
HDFC Life Insur. 683.10 (-1.55%)
Hero Motocorp 2667.75 (-0.83%)
Hind. Unilever 2389.65 (-0.29%)
Hindalco Inds. 468.80 (-2.30%)
I O C L 128.65 (-1.64%)
ICICI Bank 798.70 (-4.35%)
IndusInd Bank 1176.00 (2.93%)
Infosys 1703.90 (-1.45%)
ITC 225.10 (-5.60%)
JSW Steel 667.45 (-2.55%)
Kotak Mah. Bank 2098.50 (-4.10%)
Larsen & Toubro 1814.25 (1.66%)
M & M 883.85 (-0.33%)
Maruti Suzuki 7369.70 (0.18%)
Nestle India 18991.40 (-0.07%)
NTPC 137.35 (-2.80%)
O N G C 150.20 (-4.88%)
Power Grid Corpn 185.90 (-2.29%)
Reliance Industr 2598.60 (-1.10%)
SBI Life Insuran 1167.10 (-1.59%)
Shree Cement 28193.05 (0.30%)
St Bk of India 501.35 (-3.43%)
Sun Pharma.Inds. 807.60 (-2.12%)
Tata Consumer 809.70 (-1.11%)
Tata Motors 481.05 (-3.38%)
Tata Steel 1299.60 (-2.00%)
TCS 3421.65 (-1.95%)
Tech Mahindra 1533.30 (-2.20%)
Titan Company 2375.15 (-3.45%)
UltraTech Cem. 7446.65 (1.26%)
UPL 729.90 (-1.56%)
Wipro 656.90 (-2.12%)

These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 14/10/2021

BASF, Delta Corp and Network18 Media & Investments have witnessed volume burst in the last 75-minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

BASF: The stock of BASF gained over 6% on Thursday. Interestingly, over 70% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock. In addition to this, icing on the cake is that the stock closed near days high.

Delta Corp: After opening at Rs 285.60, the stock went on to touch level of Rs 286.10 in the initial part of the trading session. However, profit-booking emerged, which took stock to lower levels of Rs 278.25, and formed a base around these levels. But in the last 75-minutes, there was volume and price eruption. Nearly 65% of the total traded volume of the day was witnessed in the last 75-minutes and the bulk of the gains too were seen in the same period.

Network18 Media & Investments: The stock logged double-digit gains on Thursday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed more than 70% of the total traded volume of the day in the last one hour of the trade. Interestingly, the price action was robust, which indicates that buyers were actively buying the stock. Keep this stock on your radar.

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 14/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Lakshmi Machine Works, Redington and NLC India.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

  1. Lakshmi Machine Works: The stock registered a fresh 52-week high and it has also managed to close near the day’s high. Also, it has managed to witness a breakout of Cup like pattern on the weekly time frame along with above-average volume. The volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days average volume. Also, the stock’s daily range on Thursday was thrice its 10-day average range. As a result, the stock met the norms of the swing trading system. In the near term, the stock has the potential to touch the levels of Rs 9600 and Rs 10,000 on the upside, while on the downside, the support is seen around levels of Rs 8450.

  1. Redington: The stock gained nearly 4.5% on Thursday. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, was the highest since July 07. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 159 followed by Rs 163, while immediate support is seen around Rs 149.

  1. NLC India: The stock has witnessed a breakout of Cup like pattern on the weekly time frame on Thursday, and breakout was supported by strong volume. Volume for the day was not only greater than its previous trading session but also above its 10 and 30-day average volume. In addition to this, the daily range of the stock was greater than its 10-days average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 85 in the near to medium term. On the downside, support is seen around Rs 73.5. levels.

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Closing Bell: Sensex breaches 61000 mark, Nifty scales 18,300; HDFC and ITC gain.

Closing Bell: Sensex breaches 61000 mark, Nifty scales 18,300; HDFC and ITC gain.
by 5paisa Research Team 14/10/2021

The bull run continues in the Indian market as Sensex and Nifty close at record highs.

Indian markets have ended at record highs on Thursday, October 14, 2021. This is the sixth consecutive trading session where the domestic indices have closed in the green territory. Today's action was powered by gains in technology company stocks following upbeat results from top companies, Wipro and Infosys.

At the closing bell on Thursday, the Sensex closed at 61,305.65, higher by 568.90 points or 0.94%, while NSE Nifty settled at a record closing high of 18,338.55, up 176.50 points or 0.97%. The broader markets also performed well, with the BSE Midcap index and BSE Smallcap index adding 0.5%. On the advance-decline ratio, around 1596 shares have advanced, 1541 shares declined, and 103 shares were unchanged.

Banks lead the market higher in Thursday's trading session with HDFC Bank being the top contributor.

Among the top gainers on October 14 were, Adani Ports, Wipro, Grasim, ITC, ICICI and HDFC Bank. Top losers of the day were Coal India, Eicher Motors, Tata Motors, and TCS.

On sectoral basis, except auto, all other sectoral indices ended in the green. IT, infra, PSU Bank, realty, power and metal indices were up a per cent each.

According to market experts, the Indian market sustained its upbeat mood supported by a positive global market, favourable inflation data and an up move in IT shares, following strong earnings reports by sector majors. India’s September retail inflation eased sharply to 4.35% against 5.30% in August, owing to a decline in food price while wholesale inflation stood at 10.66% compared to 11.39% in the previous month. Banking stocks contributed to the rally and remained in focus as the sector is set to kickstart its earnings season soon.

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Top 5 gainers and losers in the Midcap and Smallcap segments during this week!

Top 5 gainers and losers in the Midcap and Smallcap segments during this week!
by 5paisa Research Team 14/10/2021

List of top 5 gainers and losers in the Mid-cap and Small-cap segments for the week from October 8 to 14, 2021.

The overriding sentiment of the market was ultra-positive. The International Monetary Fund (IMF) projected that India would retain its fastest-growing economy tag with an estimated gross domestic product (GDP) growth rate of 9.5% in FY22. IMF has projected the government debt, including that of the Centre and the states, to rise to a record 90.6% of gross domestic product (GDP) during 2021-22 against 89.6% in the previous year. It will then moderate to 88.8% during FY23 but will remain over 85% during the next five years till 2026-27, the IMF said in its latest Fiscal Monitor. On the home front, the FM contended that India is looking at near double-digit growth this year. On the back of strong macro-economic factors, India emerged as one of the best-performing markets.

The Sensex on Wednesday  October 13 closed at a new high at 60737, up by 1060 points, or 1.78% with the market cap of all listed stocks on the BSE topping Rs 270 trillion.

 

 

 

Let us have a look at the top 5 gainers and losers in the Midcap space for this week:

This is the table code -

Union Bank Of India 

 

18.11 

 

Bharat Heavy Electricals Ltd. 

 

16.73 

 

ICICI Securities Ltd. 

 

16.45 

 

Radico Khaitan Ltd. 

 

16.03 

 

Angel One Ltd. 

 

15.87 

 

The bull rally was led by the Union Bank of India in the mid-cap segment.  The shares of the company delivered a weekly return of 18.11%. The share price of the company rose from Rs 37.55 to Rs 44.35 during the period. Moody’s has affirmed the Ba1 long term local and foreign currency ratings of the bank. The market is anticipating strong performance for the Q2 FY 22 with an increase in Net Interest Income in double digits and solid improvement in the bottom line on YoY basis.

The strong bull sentiment of the market was evident in the strong double-digit gains in all the top five gainers in this segment.

The top 5 losers from the Midcap segment for this week are as follows:

This is the table code -

  

Chambal Fertilizers and Chemicals Ltd. 

 

-12.38 

 

Hikal Ltd. 

 

-8.07 

 

Nazara Technologies Ltd. 

 

-7.48 

 

Just Dial Ltd. 

 

-7.14 

 

Vodafone Idea Ltd. 

 

-5.89 

 

The laggards of the mid cap segment were led by Chambal Fertilizers and Chemicals Ltd. The shares of the company declined 12.38% from Rs 438.5 to Rs 384.20. Chambal Fertilizers and Chemicals Ltd is engaged in production of Urea and markets/deals in other fertilizers and agri-inputs. Nazara Technologies Ltd shows profit booking after the last week gains of 16.36% signally weak sentiments for the stock.

Let us move towards the top 5 gainers and losers in the Small cap segment:

 

The top 5 gainers in the Small cap segment for this week are as follows:

This is the table code -

Arshiya Ltd. 

 

50.98 

 

Borosil Renewables Ltd. 

 

33.07 

 

GOCL Corporation Ltd. 

 

32.91 

 

Inox Wind Ltd. 

 

27.67 

 

Arvind Ltd. 

 

24.55 

 

The top gainer in the Small-cap segment was Arshiya Ltd. The stock swell by a whopping 51%. The buzzing stock beat the market with a significant gain of 50% gain in the last three trading sessions from Rs 28.15 to Rs 42.45, unsupported by weak fundamentals. Arshiya is engaged in the business of Free Trade and Warehousing Zone, Domestic Warehousing Zone, Value-added Services along with development, Operations and maintenance of FTWZ. In the last year revenues have shrunk by 27% for the logistics player with negative earnings per share. The exchange has sought clarification from the management with reference to Movement in Price.

All the other featured performers in the segment justified the outperformance of these high-risk high return stocks which front run the bull rally.

The top 5 losers in the Small cap segment for this week are as follows:

This is the table code -

Nureca Ltd. 

 

-13.91 

 

Bajaj Hindusthan Sugar Ltd. 

 

-12.95 

 

Jindal Worldwide Ltd. 

 

-9.82 

 

BLS International Services Ltd. 

 

-8.72 

 

Himatsingka Seide Ltd. 

 

-7.96 

 

Volatility being the key trait of these small cap stocks, the shares of Nureca Ltd. fell from Rs 2139.85 to Rs 1842.15 registering a loss of13.91% in the stock price despite robust fundamentals. Nureca Ltd. is a company engaged in the business of home healthcare and wellness products under Brand "Dr Trust".

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HCL Tech Q2 net profit rises 3.9%, retains margin forecast

by 5paisa Research Team 14/10/2021

HCL Technologies Ltd reported a 3.9% year-on-year increase in consolidated net profit to Rs 3,265 crore for the July-September quarter, as revenue rose thanks to new deal wins.

Net profit for the second quarter was up 1.6% from Rs 3,214 crore in the first quarter, India’s fourth-largest software services exporter said.

Consolidated revenue for the second quarter was Rs 20,655 crore, increasing 2.9% sequentially and 11.1% from a year earlier.

The company said it signed 14 new large deals during the quarter, including with MKS Instruments Inc, Wacker Chemie AG and Munich Re.

In dollar terms, revenue came in at $2.79 billion, up 3.5% sequentially and 10.5% from a year earlier in constant currency. Net income was $441 million, up 1.2% sequentially and 4% from a year earlier.

The company retained its guidance for revenue to grow in double digits in constant currency for FY22. EBIT margin is expected to be between 19% and 21% for FY22, the company said, retaining its forecast. EBIT margin for the second quarter was 19%.

Other key details:

1) It booked new deal worth $2.245 billion, registering 38% YoY growth.

2) Q2 revenue growth powered by services revenue at 5.2% QoQ and 13.1% YoY in constant currency.

3) Engineering and R&D Services grew at 5.4% QoQ and 12.7% YoY in constant currency.

4) IT and business services grew at 5.2% QoQ and 13.2% YoY in constant currency.

5) Growth momentum led by life sciences and healthcare vertical (20.1% YoY in constant currency).

6) On a YoY basis, HCL added one client in the $100-million bracket and 12 clients in the $50-million basket.

7) HCL added net 11,135 employees during the quarter, the highest in the last 24 quarters. Its total headcount is now at 187,634.

Management Commentary:

HCL Technologies chairperson Roshni Nadar Malhotra said that the Covid-19 pandemic accelerated the need for building a sustainable future and investing in purpose-driven growth, and that the company believes in ‘The New Essential’ – the confluence of technology and human ingenuity – as the path forward.

“In the months ahead, we will further accelerate our actions and investments in emerging technologies, people and ESG to build a stronger and better future together,” she said, referring to environmental, social and governance standards.

C Vijayakumar, CEO and managing director at HCL Technologies, said the company delivered a healthy performance in the last quarter marked by strong growth across its services portfolio and led by its digital business as well as engineering and cloud services

“We had impressive client additions across all categories, reflecting strong demand and relevance of our offerings across all our client groups. We signed 14 large new deals which helped us to record net new booking of $2.3 billion, a growth of 38% YoY,” he said.

Vijayakumar said the company’s net employee addition hit an all-time high of 11,135 in the September quarter. “Our robust pipeline and continued strong employee ramp up augurs well for our business momentum going forward.”

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Opening Bell: Here’s what you need to know before the market opens on October 18, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 18, 2021.
by 5paisa Research Team 18/10/2021

The bulls fairy tale on the D-Street is likely to continue amid a decent performance by HDFC Bank.

Indian benchmark indices will resume trading after a long weekend as Friday was a holiday on account of Dussehra. The SGX Nifty indicates that the fairy tale of the bulls is likely to continue on D-Street. The long weekend will not derail the momentum of the bulls as market participants will be rejoicing from the fact the major private sector lender HDFC Bank displayed a good performance in Q2. The SGX Nifty indicates that Nifty would open the day up by 31 points at the 18,435 level.

Cues from Asian markets: Majority of the Asian markets were seen trading in red on the first trading day of a fresh week. China’s Shanghai Composite is down by 0.69% after data released showed that the GDP of China grew at 4.9% in Q3 which is the slowest in a year in the third quarter. Hong Kong’s Hang Seng was down by 0.44% and Japan’s Nikkei has dipped 0.23%.

Overnight cues from US markets: All the three US stock indices signed off the week on a buoyant note with the Dow leading from the front as it has jumped over 1%, while the tech-heavy Nasdaq rose by nearly 0.50% and the S&P 500 added 0.1%. Strong earnings propelled the markets higher on Friday. For the week, Nasdaq outperformed its counterpart as it jumped over 2%, the S&P 500 registered its best weekly gain since July as it has gained 1.82% and the Dow advanced 1.58%. 

Last session summary: On Thursday, Indian benchmark indices scaled to fresh record highs on the back of buying witnessed almost across the board. The Nifty and Sensex settled the day above the 18,300 and 61,300 mark, respectively. Among the sectoral indices, barring Nifty Auto, all other sectoral indices ended in green.  

FII’s and DII’s activity on Thursday: The DIIs continued to be the net sellers for the fifth straight day as they sold to the tune of Rs 1,750.59 crore, on other hand, FIIs were the net buyers for the second day in a row to the tune of Rs 1,681.60 crore.

Important events to watch out for: On the earnings front, Larsen & Toubro Infotech, Route Mobile and Tata Coffee will be in focus.