Nifty 17401.65 (1.37%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.39%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

Check out the biggest mid-cap gainers since Diwali 2020

by 5paisa Research Team 03/11/2021

India’s stock markets have offered rich rewards to investors since Diwali 2020 in spite of a slowdown in the economy due to the Covid-19 pandemic. And it’s not the blue-chip stocks that have gained the most over the past year.

In fact, mid-cap and small-cap stocks have raced ahead of large-cap stocks since the last Diwali. However, a little bit of caution has set in over the past few weeks as is evident from a pullback in benchmark indices.

Analysts say that high-quality mid-cap and small-cap companies are likely to do well in the coming year, too, and that the broader outlook remains positive. On the flip side, the stock market’s gains over the next year may not be as high as the past year especially as the US Federal Reserve looks to start tapering its monetary stimulus.

The BSE’s 30-stock benchmark Sensex has climbed 37% since last Diwali, on November 14, 2020, while the National Stock Exchange’s Nifty 50 has surged 39%.

In comparison, the BSE mid-cap index has jumped 60% while the BSE small-cap index has soared 80%, stock-exchange data show.

Almost a dozen and a half mid-cap stocks have risen 100% or more since Diwali 2020. These include six state-run companies such as online train ticketing venture IRCTC Ltd.

JSW Energy led the pack of mid-cap companies with the most gains. The electricity arm of billionaire Sajjan Jindal-led JSW Group has surged 418% since last Diwali. The gains would have been higher but for a 19% correction since it touched a high of Rs 408 apiece on October 14.

Tata Power Company gained more than 300% to rank second on the list while software services company Mindtree jumped more than 260%. Two other companies related to the power sector were among the top 10 mid-cap gainers. These were Adani Power and state-run equipment maker Bharat Heavy Electricals Ltd. Both these companies gained more than 150%.

Steel Authority of India Ltd and IRCTC surged over 200%. IRCTC’s gains would have been higher had it not lost nearly a third of its value over the past fortnight, due partly to a policy flip-flop by the government.

Mphasis, Oil India, Godrej Properties, Canara Bank, Oberoi Realty, Astral Ltd, ABB India, Bharat Electronics, Gujarat Gas and SRF are the other mid-cap stocks that have at least doubled in value since Diwali 2020.

Small caps

More than 300 small-cap stocks have also surged over 100% since last Diwali. Brightcom Group and Nahar Spinning Mills topped this list after advancing 1,200-1,400% each.

JTL Infra, GRM Overseas, Tata Teleservices, Ganesh Housing, RattanIndia Enterprises Goldiam International and Elecon Engineering are among the other small-cap stocks that jumped more than 500% each over the past year.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Festive Fervour: Will gold shine this Diwali?

Festive Fervour: Will gold shine this Diwali?
by 5paisa Research Team 03/11/2021

Gold is something people often buy during Diwali. So, is gold likely to glitter this festive season? Let’s find out. 

After making a low of 24,451 in July 2015, MCX gold futures began their northward journey and made a high of 56,191 in August 2020. Post this it witnessed selling pressure and is making lower highs and lower lows on the daily time frame. But in March 2021, it took good support on the crucial Fibonacci level of 38.2% (44,077 level) and headed upwards. However, since August 2020, it is respecting the downwards sloping trendline on weekly charts. Having said that, it is presently trading near its falling trendline.

Presently, gold is trading near its 50-Week Exponential Moving Average (EMA). It would be interesting to see if it takes support on the same. Looking at the Relative Strength Index (RSI), it is hovering just above its 20-Week EMA of 48.65 at 51.04. Moreover, there is no divergence visible whatsoever between the RSI and the movement of gold. Even the Rate of Change (ROC) is trading flat at -0.2 level.

Gold is presently trading at the upper band of the Bollinger band. Whereas, the gap between the upper band and the lower bad is quite narrow suggesting low volatility. Having said that, the gold is placed above its Parabolic SAR on weekly charts. However, on monthly and daily charts it is placed below its Parabolic SAR suggesting a sideways move.

The gold would only shine in a few probable circumstances as listed below.

  1. If it breaches the downward sloping trendline.

  1. If it breaks and sustains its immediate resistance zone of 48,635-48,730. 48,730 is also its important Fibonacci level of 23.6%.

On the downside, 45,589-44,077 act as its immediate support zones. In fact, 44,077 is the Fibonacci level of 38.2%.

Therefore, any move on the upside would be determined by the encroachment of the gold above the downward sloping trendline and its immediate resistance levels. The technical indicators at present are supporting sideways move in the short term.

 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Here are the biggest Nifty50 gainers and losers since last Muhurat session

by 5paisa Research Team 03/11/2021

The National Stock Exchange’s benchmark index, the 50-stock Nifty, has gained around 40% since the Muhurat trading session last year on the day of the Diwali, which was on November 14. Indeed, the past one year has seen unprecedented wealth creation. And while some stocks have been outperformers, a few have disappointed their investors.

Big gainers

As many as seven Nifty stocks have more than doubled in the last year or so as the investors look to book orders on Muhurat trading session this year on Thursday, November 4. Five of these are firms that are part of old family groups—Tata, Birla and Bajaj.

Tata Motors and Tata Steel have been the biggest gainers over the last year or so with the automaker more than tripling in value while the alloy maker nearly matching the sibling.

Tata Steel was not the sole exception as commodity prices helped boost several companies. Aditya Vikram Birla Group’s aluminium company Hindalco and group flagship Grasim, a diversified holding firm that also houses several commodity units, have also more than doubled in value.

Two PSU stocks—energy giant Oil & Natural Gas Corp and the top lender State Bank of India—were among the top gainers. Bajaj Finance was also among the stocks that zoomed.

JSW Steel and Adani Ports also nearly doubled since the last Muhurat session.

Laggards

Among those that underperformed the index were clearly the automobile pack outside of Tata Motors. Two-wheeler companies Hero MotoCorp and Bajaj Auto, commercial vehicle and tractor makers Eicher and Mahindra & Mahindra as also the country’s top passenger vehicle maker Maruti Suzuki were among the laggards.

Hero MotoCorp, in fact, was the biggest loser and has declined nearly 15% since the last Muhurat session. Drugmaker Dr Reddy’s Labs and state-run Power Grid Corp reported a marginal decline of around 2% in their shares.

HDFC Life Insurance, Britannia, Eicher and state-run BPCL were among those that churned out low single-digit returns.

In the IT pack, Wipro, Infosys, Tech Mahindra and HCL outperformed the Nifty while Tata Consultancy Services recorded a modest performance.

Heavyweight Reliance Industries, too, rose at a much slower pace compared to the 50-stock index.

Among the banking and finance pack, besides SBI, Bajaj Finance and Bajaj Finserv, ICICI Bank and IndusInd Bank did better than the Nifty as a whole. However, HDFC Bank, Kotak Mahindra Bank, HDFC Ltd and Axis Bank were the underperformers.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Chart Busters: Top trading set-ups to watch out for Monday

Chart Busters: Top trading set-ups to watch out for Monday
by 5paisa Research Team 08/11/2021

On Wednesday, the benchmark index, Nifty has lost 59.75 points or 0.33%. The price action has formed a bearish candle with carrying a lower low and a lower high. The banking benchmark index Bank Nifty has resisted near 50% Fibonacci retracement level of its prior downward move (41829.60-38426.65) and lost over 500 points or 1.34%. The overall advance-decline was tilted in the favour of the decliners.

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

Garden Reach Shipbuilders & Engineers: After registering the high of Rs 239.30, the stock has slid into the period of consolidation. This consolidation has resulted in the formation of a bullish pennant pattern. On Wednesday, the stock has given a bullish pennant pattern breakout. The bullish pennant pole height is almost 54 points. Further, on breakout day the volume was expanded by 17 times of 50-days average volume, which indicates important buying interest. The 50-days average volume was 5.39 lakh while on Wednesday the stock has registered a total volume of 41.32 lakh. Additionally, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout.

Currently, the stock is trading above its short and long-term moving averages. These averages are edging higher. The daily RSI is above the 70 mark and it is in rising mode, which is a bullish sign. The stochastic has also given positive crossover on the daily chart. The trend strength indicator, Average Directional Index (ADX), is above 36, which indicates strength. The +DI is much above the -DI. This structure is indicative of the bullish strength in the stock.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. As per the measure rule of bullish pattern, the first target is placed at Rs 266 and the second target is placed at 286 level. On the downside, Wednesday’s low of Rs 226.80 will act as crucial support for the stock.

K.P.R. Mill: Majorly, the stock is displaying a bullish trend as it is marking the sequence of higher tops and higher bottoms. Further, it is trading above its short and long-term moving averages. These averages are in the desired sequence, which suggests the trend is strong. On Wednesday, the stock has given falling channel breakout along with robust volume.

The momentum indicators and oscillators are also suggesting further bullish momentum. The leading indicator, RSI has given a downward sloping trendline breakout, which is a bullish sign. The fast stochastic is also trading above its slow stochastic line. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

Considering the robust technical structure of the stock we believe it is likely to touch new highs. On the upside, the level of Rs 545 will act as resistance for the stock. While on the downside, the 20-day EMA will act as strong support for the stock, which is currently placed at Rs 456 level.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

F&O Cues: Key support and resistance levels for Nifty 50

F&O Cues: Key support and resistance levels for Nifty 50
by 5paisa Research Team 08/11/2021

Nifty F&O action for November 11 expiry shows the highest put writing was seen at a strike price of 17,000.

After a long weekend, the Indian equity market is likely to open with a positive note. However, the future course of the market will be dependent upon FIIs flows, macro-economic data and earnings reports that are slated to come out this week. In a major global cue, last week US Federal Reserve left the rate unchanged and continued with its accommodative stance. This will have a positive impact on the Indian bourses. This was partly reflected during ‘Muhurat’ trading where key equity indices closed in green and Sensex reclaimed 60,000.

Activity on the F&O market for the weekly expiry on November 11, 2021, does not give a clear picture and open interest is spread everywhere. The highest call option open interest (71,651) for Nifty 50 stood at a strike price of 20,000. In terms of the highest addition of open interest on call options front was at 18,300 in the last trading session. A total of 22,496 open interest was added at this strike price. The next highest call option open interest stands at 18,000 where total open interest stood at 60,597.

In terms of put activity, the highest put writing was seen at strike price of 17000 (36,664 open interest added on November 03), followed by 17,700 (19,970 open interest added on November 03), while there was put unwinding at strike price 17,250, followed by 18,200.

Highest total put open interest (64,579) stood at a strike price of 17,000. This is followed by a strike price of 17,500, which saw a total put option open interest of 40,960 contracts.

Following table shows the difference between call and put options at strike price near to max pain of 17900.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,600.00  

1266  

25690  

24424  

17,700.00  

3980  

34589  

30609  

17,800.00  

15366  

35211  

19845  

17900  

32562  

30267  

-2295  

18,000.00  

60597  

20907  

-39690  

18,100.00  

32786  

9134  

-23652  

18,200.00  

41471  

3992  

-37479  

The Nifty 50 put call ratio (PCR) closed at 0.75 worse than 0.55 in the last trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Following table shows the participant wise action of key players on the index options front.

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 03 2021  

Nov 02 2021  

Nov 01 2021  

Client  

-1726  

-0.54%  

-320257  

-318531  

-303569  

Pro  

-4197  

-7.78%  

49755  

53952  

84353  

DII  

2000  

4.88%  

43014  

41014  

37014  

FII  

-7439  

-3.30%  

218322  

225761  

208602  

*Change from Previous Day  

   

   

   

   

   

  

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 03 2021  

Nov 02 2021  

Nov 01 2021  

Client  

-111758  

-75.06%  

37139  

148897  

8430  

Pro  

101838  

52.04%  

-93835  

-195673  

-81060  

DII  

0  

0.00%  

401  

401  

401  

FII  

9919  

21.39%  

56295  

46376  

72229  

*Change from Previous Day  

   

   

   

   

   

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Nov 03 2021  

Nov 02 2021  

Nov 01 2021  

Client  

-110032  

-23.54%  

357396  

467428  

311999  

Pro  

92672  

37.76%  

-152756  

-245428  

-135012  

DII  

0  

0.00%  

-42613  

-42613  

-40613  

FII  

17358  

9.68%  

-162027  

-179385  

-136373  

*Change from Previous Day  

   

   

   

   

   

 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Price Volume Breakout: These shares are trending on Monday, November 8

Price Volume Breakout: These shares are trending on Monday, November 8
by 5paisa Research Team 08/11/2021

The markets are seen trading weak in Monday's trading session despite positive cues from the western markets. The Asian markets are trading mixed though.

The broader markets are seen outperforming with the BSE Midcap index up by more than 0.44% and the BSE Smallcap index up by 0.15%. BSE Sensex is down by more than 100 points in the early hours of the trading session.

Muthoot Finance is up by more than 5% while Union Bank and Canara Bank are seen trading up by more than 4% each.

The shares of IRCTC, after a dip of over 5% are seen trading with gains of over 1%.

From the pack of Sensex stocks, UltraTech cement is the top BSE Sensex gainer, up by more than 3%, while Titan and Tech Mahindra are up by more than 2% and 1% each.

IndusInd Bank is the top BSE Sensex loser, down by more than 10%. RIL, Asian Paints and M&M are the other top BSE Sensex losers in Monday's trading session.

BSE Capital Goods, BSE Realty, BSE Consumer Durable Goods and BSE Auto index are showing relative outperformance while BSE Bankex is seen underperforming.

Following shares are seen trading higher with price volume breakout in the Monday trading session on an intraday basis:

Sr No   

Stock  

LTP   

Price Change (%)   

Volume Change (Times)  

1  

Pfizer   

5278  

5.41  

10.25  

2  

Godrej Agrovet   

611  

2.28  

3.17  

3  

Phoenix Mills   

1046.95  

2.21  

1.51  

4  

Amco India   

76.45  

19.27  

3.3  

5  

Odyssey Technologies   

86.95  

18.78  

6.75  

6  

RS Software   

43  

14.06  

5.62  

7  

Saven Technologies   

33.9  

13.38  

1.54  

8  

Riba Textiles   

47.7  

11.58  

2.82  

9  

Mirza International   

79.65  

10.86  

3.48  

10  

Cosmo Ferrites   

215.15  

10.22  

1.55  

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order