Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
Tata Steel 1118.00 (0.50%)
TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

Chart Busters:Top trading set-ups to watch out for on Tuesday.

Chart Busters: Top trading set-ups to watch out for on Tuesday.
by 5paisa Research Team 12/10/2021

On the first trading session of the week, the benchmark index Nifty has marked a fresh all-time high of 18041.95 level. However, the index has cooled off from the day's high and ended the session at a 17945.95 level with a gain of 50.75 points or 0.28%. The broader market has outperformed the benchmark indices. The advance-decline ratio was in the favour of advancers.

Here are the top trading set-ups to watch out for on Tuesday.

Minda Corporation: After registering the high of Rs 148.10, the stock has witnessed correction. The correction is halted near the 61.8% Fibonacci retracement level of its prior upward move and it coincides with the 200-week EMA level. These averages are in a rising trajectory. Since the last 45 trading sessions, the stock is oscillating in a narrow range, which resulted in the formation of ascending triangle pattern. On Monday, the stock has given a breakout of ascending triangle pattern on the daily chart. This breakout was backed by strong volume.

All the moving averages based on trade set-ups are showing a bullish strength in the stock. Daryl Guppy’s multiple moving averages is suggesting a bullish strength in the stock. The stock is trading above all the 12 short and long term moving averages. The averages are all trending up, and they are in a sequence. The leading indicator, 14-period daily RSI has surged above the 60 mark, which is a bullish sign. The weekly RSI has given positive crossover. On the daily timeframe, ADX is 10.35 and suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

Going ahead, as per the measure rule of ascending triangle pattern, the first target is placed at Rs 157, followed by Rs 163 level. On the downside, the 20-day EMA is likely to act as strong support for the stock.

Endurance Technologies: Considering the weekly scale, the stock is trading in a rising channel for the last 58 weeks. In the last three weeks, the stock has formed a strong base near the supply line of the rising channel (logarithmic scale). On Monday, the stock has given the base pattern breakout on the daily chart. This breakout was confirmed by the above 50-day average volume.

Talking about moving averages, the stock has recently surged above its short and long-term moving averages. These averages are in rising mode. The stock's Relative Strength Index (RSI) has reached its highest value in the last 14-days, which is bullish. Also, it has managed to close above the 60 mark and above its prior swing high. The daily MACD stays bullish as it is trading above its zero line and signal line. Moreover, the +DI has surged above the ADX on the daily chart which suggests that the trend will strengthen further.

Going ahead, the prior swing high of Rs 1750, followed by Rs 1830 is likely to act as resistance for the stock. While on the downside, the zone of Rs 1574-Rs 1550 will act as crucial support for the stock as it is the confluence of 100-day EMA, demand line of the rising channel and prior swing low.

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Opening Bell: Here’s what you need to know before the market opens on October 12, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 12, 2021.
by 5paisa Research Team 12/10/2021

SGX Nifty indicates markets to open in red, but the big question should you ‘buy the dip’?

The Indian stock market is scaling new trading peaks every session, and Monday was no different as benchmark indices Sensex and Nifty closed at record highs. While Nifty breached the 18000 mark on an intraday basis, Sensex was hovering above the 60000 level at the closing bell.

In the last trading session, the Nifty index logged its highest daily closing, while the broader markets cheered as they outperformed the frontline indices. As a result, market participants would be expecting the bulls to continue their northward journey for the third straight day! However, as per the early indication, Nifty is likely to waver in early morning action as SGX Nifty is down by 86 points and was seen trading at 17,875 levels. The blame of changing sentiment on D-Street is due to melancholy cues from the global markets. However, the million-dollar question is should one buy this dip or not? We believe as long as the index trades above its crucial support of 17,830-17,840 one can buy the dip. 

Cues from Asian markets: The Asian markets were seen trading in red on Tuesday amid disappointing cues from Wall Street in overnight trade. Hong Kong’s Hang Seng was down by 0.97% followed by Japan’s Nikkei 225 which has slipped 0.79% and China’s Shanghai Composite that dropped by 0.52%.

Overnight cues from US markets: All the three major US stocks indices ended Monday's trading session in negative terrain and near to their worst level of the day. The Dow and the S&P lost nearly 0.7%, while the tech-heavy Nasdaq dropped 0.6%. Interestingly, the US 10-year bond yield went past 1.6%, which is the highest level since June.

Last session summary: On Monday, Indian benchmark indices started off the session on a tepid note, however, soon bulls gathered momentum and they not only recouped entire losses but went on to score in a big way. Nifty for the first time crossed its important psychological level of 18,000 and touched a high of 18,041.95. However, in the latter part of the trading session profit booking emerged, and as a result, Nifty trimmed its gains and settled up by 0.28%. The broader markets outperformed with Nifty Midcap 100 and Smallcap 100 rising by 0.61% and 1.16%, respectively.

Among sectoral indices, barring Nifty IT all other sectoral indices witnessed buying interest. Auto was the top gainer.

FII’s and DII’s activity on Monday: FIIs and DIIs were net sellers to the tune of Rs 1,303.22 crore and Rs 373.28 crore, respectively.

Important events to watch out for the day: On the earning front, GM Breweries and BEPL will be in focus. Also, market participants would keenly watch the release of the September CPI Inflation and August industrial output data.

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These Penny Stocks were locked in the Upper Circuit on Monday.

These Penny Stocks were locked in the Upper Circuit on Monday.
by 5paisa Research Team 12/10/2021

The frontline indices traded at all-time highs while Nifty 50 traded above 18000 levels for the first time. It took only 28 days for Nifty to jump from 17000 levels to 18000 level. The BSE Sensex managed to close above the crucial 60000 level in Monday's trading session even as the broader markets outperformed the frontline indices.

BSE Smallcap index was up by 0.60% while the BSE Midcap index gained by 0.55%.

The Auto stocks posted a stellar performance on Monday. Maruti was the top BSE Sensex gainer, up by 3.66% while Tata Motors zoomed by more than 9%. M&M gained by more than 2% while Bajaj Auto was up by 0.97%.

TCS, Infosys and HCL Technology were the top BSE Sensex losers in Monday's trading session.

BSE Auto index was up by 2.50%. BSE Power index gained 2.63%, BSE Realty index was up by 1.70%, BSE Metal index surged by 1.77% while BSE Bankex soared by 1.47%.

Nifty closed in green although it lost more than half of its intraday gains. This is now the third consecutive session where Nifty has closed in green. PSU stocks were seen outperforming on Monday. It is now expected that Nifty consolidates at these levels before moving up. The advance-decline ratio was in favour of the advances.

Several penny stocks were seen locked in the upper circuit even as the frontline indices made all-time highs on Monday.

Following is the list of Penny Stocks that were locked in the upper circuit on Monday: 

This is the table code -

Sr No   

Penny Stocks   

LTP   

Price Gain (%)  

1  

Urja Global   

8  

9.59  

2  

Orient Green Power   

4.5  

9.76  

3  

Suzlon Energy   

7.65  

4.79  

4  

SITI Networks   

2.5  

4.17  

5  

JP Associates   

9.9  

4.76  

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Rakesh Jhunjhunwala’s Akasa Air all set to take off. All you want to know

by 5paisa Research Team 12/10/2021

Stock market big bull Rakesh Jhunjhunwala, who recently had a private meeting with Prime Minister Narendra Modi, is set to fly high—literally. 

Akasa Air, an upcoming airline in which Jhunjhunwala is one of the principal shareholders, has received the no-objection-certificate (NOC) from the civil aviation ministry, which is headed by Jyotiraditya Scindia. 

The new airline comes at a time when the travel and tourism sector has just started recovering after a prolonged slowdown due to restrictions imposed to curb the spread of the Covid-19 pandemic.

Here’s all you need to know about the new airline.

Who will operate Akasa Air?

Akasa Air will be owned and operated by SNV Aviation Pvt Ltd. 

By when will the airline take to the skies?

The company said Monday that it will be operational by the summer of 2022. It said it is working with the regulatory authorities on all additional compliances required to successfully launch Akasa Air.

Who are the investors behind Akasa Air?

Apart from Jhunjhunwala, Akasa Air is also reportedly backed by former IndiGo president Aditya Ghosh as well as former Jet Airways chief executive officer Vinay Dube.

IndiGo is the country’s biggest airline at present. Jet Airways was promoted by businessman Naresh Goyal but was grounded in April 2019 because of high debt. It is all but defunct as plans to revive it have not fructified till now. 

News reports have said that Jet Airways could restart operations next year under a consortium comprising the UAE-based investor Murari Lal Jalan and the UK-based Kalrock Capital.

What business model is Akasa Air likely to follow?

Akasa Air will likely be an ultra-low-cost carrier (ULCC). A ULCC airline operates with a low-cost business model and has both lower unit costs and revenue compared to low-cost carriers (LCCs) and full-service carriers (FSCs).

According to a report by the Mint newspaper, ULCCs such as Ryanair and Spirit Airlines represent a business model that is different from the LCC model followed by IndiGo.

ULCCs often opt for unbundling of fares, making tickets cheaper than those of LCCs. Any extras such as baggage, selecting one’s seat or food are subject to a charge, Mint said. These airlines also typically have cheaper operating costs as they operate out of secondary airports and have lower distribution costs.

India’s aviation sector is currently dominated by low-carrier IndiGo, which is operated by Mumbai-listed InterGlobe Aviation Ltd. Other local airlines in India include SpiceJet, GoFirst and Tata Group-run Air Asia India as well as Vistara. Tata Group is also taking over state-run Air India.

How well is the ULCC model likely to succeed?

That depends on the cost structure, which in India, is higher than that in the US or Europe. This could negate any advantage the ULCC might have been able to generate over the LCCs or even full-service carriers. 

How big could Akasa Air’s fleet size be?

A report in the news website The Print said that Akasa Air could have a fleet size of 70 aircraft in four years, comprising Boeing 737 Max jets. This, the report said, could give Boeing a foothold in the Indian market, which is currently dominated by rival Airbus. 

An order for 70 units of 737 Max-8 jets — the most popular model — would be valued at $8.5 billion at sticker prices, although discounts are common in large plane orders. Boeing is likely to offer steeper-than-usual discounts on this deal, The Print reported.

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Worst performing Largecap funds.

Worst performing Largecap funds.
by 5paisa Research Team 12/10/2021

Read on to find if you hold these worst performing large-cap funds in your portfolio. 

We are in the midst of one of the best bull market run ever seen. Every equity indices barring few have more than doubled in last one and half year. Frontline equity indices, Sensex and Nifty are above the psychological level of 60,000 and 18,000. Despite such optimism in the direct equity market, there has been some dampening news coming from the equity dedicated mutual funds.

According to its half-yearly report, S&P Indices Versus Active (SPIVA) 86% of large-cap equity schemes of mutual funds underperformed the indices during the one year to June 2021. As of date, the large-cap funds on average have generated a return of 52.07% compared to 53.13% by large-cap indices such S&P BSE 100 – TRI and NIFTY 50 – TRI.

We have listed out the worst-performing large-cap (Regular Plan) dedicated funds.

The following table shows the worst-performing large-cap funds in the last one year.
 

This is the table code -

Funds  

Fund Manager  

AUM(in Rs. cr)  

ExpenseRatio (%)  

Inception Date  

Benchmark Index  

 NAV (Rs)  

Return (%)1 yr  

JM Large Cap Fund(G)  

Satish Ramanathan  

50.4  

2.43  

01-Apr-95  

S&P BSE SENSEX - TRI  

99.12  

38.09  

Taurus Largecap Equity Fund-Reg(G)  

Ankit Tikmany  

33.8  

2.61  

28-Feb-95  

S&P BSE 100 - TRI  

105.2  

39.91  

Indiabulls Blue Chip Fund(G)  

Sumit Bhatnagar  

106.2  

2.43  

10-Feb-12  

NIFTY 50 - TRI  

29.38  

41.78  

IDFC Large Cap Fund-Reg(G)  

Sumit Agrawal  

897.5  

2.36  

09-Jun-06  

S&P BSE 100 - TRI  

50.28  

44.19  

DSP Top 100 Equity Fund-Reg(G)  

Vinit Sambre  

2982.5  

2.06  

10-Mar-03  

S&P BSE 100 - TRI  

301.99  

45.7  

HSBC Large Cap Equity Fund(G)  

Neelotpal Sahai  

796.8  

2.4  

10-Dec-02  

NIFTY 50 - TRI  

321.84  

47.35  

BNP Paribas Large Cap Fund(G)  

Karthikraj Lakshmanan  

1211.7  

2.26  

23-Sep-04  

NIFTY 50 - TRI  

142.05  

47.67  

PGIM India Large Cap Fund(G)  

Alok Agarwal  

354.3  

2.46  

30-Jan-03  

NIFTY 50 - TRI  

256.42  

47.79  

Axis Bluechip Fund-Reg(G)  

Shreyash Devalkar  

32212.6  

1.58  

05-Jan-10  

NIFTY 50 - TRI  

47.28  

47.89  

L&T India Large Cap Fund-Reg(G)  

Venugopal Manghat  

731.7  

2.47  

23-Oct-07  

S&P BSE 100 - TRI  

41.62  

48.54  

The above table shows some of the funds that performed well two years back, are now the laggard. Axis Bluechip Fund, which always topped the chart in terms of performance and has an AUM of more than Rs 32,000 crore has also underperformed its benchmark by almost 5%. This is despite the fund having one of the lowest expense ratios.

This is the right time for investors to go back and check their asset allocation and investigate more about the funds where they have invested. If they find their funds are permanently underperforming, they should make a switch.

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Top 10 Penny Stocks: These stocks are locked in the Upper Circuit on Tuesday, October 12.

Top 10 Penny Stocks: These stocks are locked in the Upper Circuit on Tuesday, October 12.
by 5paisa Research Team 12/10/2021

The markets are trading with volatility on Tuesday. On Monday, October 11 we saw Nifty testing 18000 levels. Some consolidation in the markets is expected this week.

Bajaj Auto is catching investors’ attention after gaining more than 3%. Titan is the top Sensex gainer, up by nearly 4% while Bajaj Finserv is soaring by more than 3% on an intraday basis.

The BSE Consumer Durable index is the top sectoral gainer today. IT stocks continue to underperform with HCL Technologies being the top BSE Sensex losers. The shares of HCL technology are down by 5%.

The broader markets are seen outperforming the frontline indices on an intraday basis on Tuesday.

BSE MidCap index is up by 0.15% supported by Jubilant Foods which has zoomed up by more than 6%. Castrol Industries and Indian Hotels are the other top BSE MidCap index gainer up by more than 4% each.

JSW Energy is the top BSE MidCap index loser today, on an intraday basis.

Several penny stocks are seen trending in Tuesday's trading session with a few of them locked in the upper circuit.

Following is the list of top-performing penny stocks that are locked in the upper circuit:

Sr No   

Penny Stock   

LTP   

Price gain (%)   

1  

Orient Green Power   

4.7  

4.44  

2  

JP Associates   

10.35  

4.55  

3  

SITI Networks   

2.6  

4  

4  

Gayatri Highways   

0.75  

7.14  

5  

Rohit Ferro-Tech   

10.15  

4.64  

6  

Indosolar Ltd   

2.75  

3.77  

7  

Raj Rayon   

0.4  

14.29  

8  

Eastern Silk   

5.55  

4.72  

9  

Rollatainers   

2.85  

3.64  

10  

Bhandari Hosiery   

4.1  

9.33  

11  

Neueon Towers   

2.7  

3.85  

12  

Indowind Energy   

8.95  

4.68  

13  

National Steel   

4.4  

10  

14  

Grand Foundry   

3.6  

4.35  

15  

GI Engineering   

3.8  

4.11  

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