Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

Closing Bell: Market extends losses, Sensex holds 60000, Nifty slips below 17900

Closing Bell: Market extends losses, Sensex holds 60000, Nifty slips below 17900
by 5paisa Research Team 17/11/2021

Indian markets closed in red for the second consecutive trading session on November 17 as selling pressure was seen in realty, oil & gas, pharma shares.

Domestic equity benchmarks Sensex and Nifty began Wednesday's session on a negative note due to weakness across other Asian markets. During today's trading session, losses in oil & gas, IT and a few financial stocks dragged the headline indices lower, however, gains in automobile and consumer shares corrected the fall in the later stages. The broader markets were mixed with the smallcap index closing up by 0.3% and the midcap index closing down 0.2%.

At the closing bell on Wednesday, the Sensex was down 314.04 points or 0.52% at 60,008.33, and the Nifty was down 100.50 points or 0.56% at 17,898.70. On the market depth, around 1382 shares have advanced, 1758 shares declined, and 95 shares are unchanged.

Among the top Nifty losers of the day were, UPL, Reliance Industries, Axis Bank, Britannia Industries and IOC. Top gainers of the day were SBI Life Insurance, Asian Paints, Maruti Suzuki, Tata Motors and Power Grid.

On a sectoral basis, realty, oil & gas, pharma indices lost 1% each, while selling was also seen in the metal, capital goods, and banking stocks.

Among the trending stocks of the day were Asian Paints, Maruti Suzuki, SBI Life, Tata Motors, NTPC, ITC, Power Grid, IndusInd Bank and Tech Mahindra which rose between 1.2-2.4%.

On the flipside, UPL was the top Nifty loser, as the stock fell by 3.2% to Rs 755. Reliance Industries, Cipla, Britannia Industries, Axis Bank, Indian Oil, Coal India, Divi's Labs, Kotak Mahindra Bank, Eicher Motors, Grasim Industries, Adani Ports and Shree Cements also cracked by 1.6-2.2%.

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FIIs turned bearish on these small-cap stocks in Q2. Did you sell any?

by 5paisa Research Team 17/11/2021

Foreign institutional or foreign portfolio investors have historically dictated the movement of Indian stock markets. However, this is changing due to the rising flow of domestic money in the local bourses, especially after the demonetisation drive in 2016-2017 and asset prices getting punctured in the real estate market.

Indeed, a lot of the current froth in the market where the benchmark indices are trading near their all-time high is attributed to the domestic investors—both local mutual funds as also retail investors.

One segment of the stock market that is usually seen as a haven for punters looking to make a quick buck with trading opportunities and retail investors who get attracted by lower per share price is the small cap space or companies with market capitalisation of under Rs 5,000 crore.

This segment tends to have a high beta and tends to swing much more in a volatile market condition.

Offshore investors usually don’t play in this segment as it tends to be below their investment mandate radar. But that doesn’t exclude FII/FPI participation wholly from such stocks. In fact, many investors and analysts try to fish for hidden gems who can be a mid or large cap over the medium to long term.

Quarterly shareholding data shows they decreased their holding in more than 200 listed companies. In nearly one in three companies, they pushed down their stake by two percentage points or more.

There were around 100 small-cap stocks with current market valuation of under Rs 5,000 where FPIs cut stake. This is around the same number of small caps where FPIs increased their stake in the quarter ended September 30.

A sector-wise analysis shows that offshore investors sold shares in companies across pharmaceutical, financial services, hospitality, construction, engineering and industrial segments.

Top small caps

If we consider the larger firms within the small caps where FIIs cut their stake last quarter, Strides Pharma is at the top of the heap.

Other larger companies in the small-cap space with market value upwards of $500 million that saw offshore investors turn bearish include Deepak Fertilisers, Shilpa Medicare, Karur Vysya Bank, Varroc Engineering, Lemon Tree Hotels, Equitas Holdings, Mahindra Lifespace, Esab India, Minda Corporation, GHCL, Newgen Software, Vakrangee and Somany Ceramics.

Significant sale by FIIs in small-cap pool

If we track stocks where FIIs or FPIs were particularly bearish and sold 2% or more stake last quarter we get around 30 names.

These include companies like Antony Waste, Kirloskar Industries, Intrasoft, Artemis Electricals, International Conveyors, Capacit’e Infraprojects, Ador Fontech, Ujjivan Small Finance Bank, Jai Corp, Rollatainers, Esab India, Kolte-Patil, Shemaroo Entertainment and Arvind.

Among other small caps that saw bearish sentiment by FPIs were Usha Martin Education, Welspun Corp, Veto Switchgears, Wonderla Holidays, Zee Media Corp, CARE Ratings, Shilpa Medicare, IOL Chemicals, Gabriel India, Gayatri Projects, Ahlada Engineers, Karur Vysya Bank, Lemon Tree Hotels, Nucleus Software, Newgen Software and Sadbhav Infra.

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Momentum Trading: Here's why NRB Bearings needs to be on your radar!

Momentum Trading: Here's why NRB Bearings needs to be on your radar!
by 5paisa Research Team 17/11/2021

The stock of NRB Bearings Limited has formed Doji candlestick pattern as of July 09, 2021, and thereafter witnessed correction. During the corrective phase, the stock has traded in a range of Rs 154.40-Rs 115 level. This resulted in the formation of a symmetrical triangle pattern on the daily chart.

On Wednesday, the stock has given Symmetrical Triangle pattern breakout on the daily chart. This breakout was confirmed by nearly 15 times of 50-days average volume, indicating strong buying interest by market participants. The 50-days average volume was 3.46 lakh while on Wednesday the stock has registered a total volume of 50.69 lakh. Further, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout. 

The stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long term moving averages. These averages are all trending up, and they are in a sequence. Further, now the stock is meeting Mark Minervini’s trend template rules. The current stock price is above both the 30-week and 40-week moving average price line. The 10-week moving average is above both the 30 & 40-week moving averages. These two set-ups are giving a clear uptrend picture in the stock.
 

The Relative Strength Index (RSI), is currently quoting above the 70 mark on the daily chart and it has surged above its prior swing high. The weekly RSI has also given positive crossover and it has surged above its prior swing high. The daily MACD histogram is suggesting a pickup in upside momentum. On the daily timeframe, ADX is 20.14 which suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. Hence, we would advise the traders to be with a bullish bias.

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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 17/11/2021

AstraZeneca Pharma India Limited, BEML Limited, and ITI Limited 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. 

AstraZeneca Pharma India: The stock gained a decent 1.11% on Wednesday. The stock traded negative throughout the day, but the last 75 minutes witnessed an up move of about 2% before retracing a little. About 75% of the total volume was traded in the last 75 minutes. The stock has corrected a lot from its recent high and today’s volume burst tell us about the institutional activity. Traders should closely watch the stock for upcoming days.  

BEML Limited:  The stock surged about 2.31% on the trading session that ended Wednesday. The stock traded flat during the initial hours of the session but made some volatile moves towards the end. The latter session witnessed about a 2.5% change in its price. The stock trades near its 52-week high with huge volume and one can expect a breakout in times to come.

ITI Limited: The stock rose 3.94% on Wednesday. It traded flat to negative but witnessed a huge rally of about 4% in the last hour. Major institutional buying was seen as most of the day’s volume was recorded towards the end of the session. The stock looks to gain some momentum, as this might possibly be the start of the trend.

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Falguni Nayar - The visionary who made Nykaa

Falguni Nayar - The visionary who made Nykaa
by 5paisa Research Team 17/11/2021

The brains behind the beauty and lifestyle retail empire Nykaa -Falguni Nayar.

“Today, heading a team of over 1600 Nykaa-ites, Falguni has built a beauty and lifestyle retail empire with a portfolio of 1500+ brands, including its private label, available online and across 68 stores in India,” reads the LinkedIn Profile of the Founder of India’s first woman-led unicorn, Nykaa.

A top banker at the Kotak Mahindra Capital Company for nine years, called it quits in her career’s prime to pursue her entrepreneurial venture in the untapped online cosmetics range segment in 2012. With her keen business acumen inherited from her father(Ball bearing Businessman), in a short span of 18 months, the visionary could make Nykaa, India’s premier online portal for beauty and wellness.

A dream venture started with seed capital from family and friends of Rs 20 crore is now eyeing a valuation of Rs 53200 crore or USD 7 billion. Together with her family, she holds a majority stake in the group companies. Falguni Nayar holds 22.32% or 104,305,770 equity shares of pre-offer paid-up capital of FSN E-Commerce Ventures Ltd through her trust Falguni Nayar Family Trust which she will continue to hold after the IPO.

She is a graduate of Sydenham College of Economics and Commerce and alumni of IIM Ahmedabad started as a consultant in a management consulting firm AF Ferguson & Co. She later joined the M&A team of Kotak Mahindra Capital Company and escalated to become the company’s Managing Director before she launched her beauty retailer, Nykaa.

Currently, she serves on board of several blue-chip companies including Tata Motors Limited, ACC Limited and Dabur India Limited. She also served as India Advisor at Temasek, a subsidiary of Temasek Holding Singapore. She was a Founding Member of the Asia Society in India and a Board Member with Business Standard.

She is a true woman achiever who has many laurels in her hat. She is one of the four Indian businesswomen on the Forbes Asia Power businesswoman list 2019. Also named Businessperson of the Year 2019 by Vogue India, Businesswoman of the Year at the Economic Times Awards for Corporate Excellence 2019. Most recently, she was awarded the EY Entrepreneur of The Year 2019 – Start-up Award by Ernst and Young.

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Meet the celebrity stock market investor - Raamdeo Agarwal

 Meet the celebrity stock market investor - Raamdeo Agarwal
by 5paisa Research Team 17/11/2021

Fall is temporary, up is permanent” quips the Guru of wealth creation, Raamdeo Agarwal

 “It is not necessary to do extraordinary things to get extraordinary results” Raamdeo Ramgopal Agarwal.

An ordinary man with a humble background, brought up in a village in Chattisgarh, who moved to Mumbai to become a Chartered Accountant, has transformed into an extraordinary celebrity stock market investor. Cofounded a small sub broking firm in 1987 with Motilal Oswal, Raamdeo Agarwal has created an enviable empire that enjoys an Iconic Status in the Indian investor fraternity.

His investment philosophy is largely inspired by Warren Buffet, whom he lovingly addresses as his guru. 

Buffet’s annual letters to the Berkshire Hathway shareholders hold a biblical status in Agarwal’s investment philosophy, which he ardently reads till date.

He calls his investment philosophy QGLP – Quality, Growth, Longevity, at a reasonable Price. Recently, he has authored a book by the same name - The QGLP Checklist – 25 questions, 25 frameworks”. The book, marked the 25th year of the Motilal Oswal Annual Wealth Creation Study, which Agrawal had himself been authoring since 1996.

How the seasoned investor interprets recent corrections?

Ramdeo Agarwal is unperturbed by the recent corrections in the market. He feels the correction is a part of a classic bull market. In the overheated bull market, where each trading day witnesses some stocks rallying to a 52-week high, the anxiety level of market participants on edge of the seat was all set to experience a correction. He firmly believes in the rolling motion of market cycles, corrections or mini crashes are possible but the bigger picture is that market has the power of turning 4x or even more. It has done it in the past and is capable of repeating in the future. 

In such jittery times, his investment philosophy can definitely guide the naïve investors on the stock markets- 

“Fall is temporary, up is permanent” quips the Guru of wealth creation.

“Concentrate investments in a few stocks and have the fortitude to hold through price fluctuations” a quote from Wealth Creation Thoughts.

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