Nifty 18210.95 (-0.31%)
Sensex 61143.33 (-0.34%)
Nifty Bank 40874.35 (-0.88%)
Nifty IT 35503.9 (0.97%)
Nifty Financial Services 19504.75 (-0.74%)
Adani Ports 745.85 (-0.54%)
Asian Paints 3094.65 (4.20%)
Axis Bank 787.50 (-6.46%)
B P C L 427.70 (-0.78%)
Bajaj Auto 3776.50 (-0.40%)
Bajaj Finance 7482.15 (-4.75%)
Bajaj Finserv 18012.00 (-1.86%)
Bharti Airtel 702.35 (0.88%)
Britannia Inds. 3697.85 (0.14%)
Cipla 922.50 (1.65%)
Coal India 173.60 (-0.83%)
Divis Lab. 5149.35 (2.60%)
Dr Reddys Labs 4662.70 (-0.08%)
Eicher Motors 2583.90 (-0.25%)
Grasim Inds 1728.40 (-0.63%)
H D F C 2915.00 (0.12%)
HCL Technologies 1177.15 (0.89%)
HDFC Bank 1642.80 (-0.60%)
HDFC Life Insur. 693.85 (0.55%)
Hero Motocorp 2690.15 (-0.38%)
Hind. Unilever 2396.60 (-1.65%)
Hindalco Inds. 479.85 (-1.28%)
I O C L 130.80 (-0.53%)
ICICI Bank 835.00 (0.68%)
IndusInd Bank 1142.55 (-1.07%)
Infosys 1728.95 (1.48%)
ITC 238.45 (0.74%)
JSW Steel 684.90 (-1.36%)
Kotak Mah. Bank 2188.25 (-1.03%)
Larsen & Toubro 1784.55 (-0.65%)
M & M 886.80 (-0.87%)
Maruti Suzuki 7356.25 (0.81%)
Nestle India 19004.60 (-1.11%)
NTPC 141.30 (-1.33%)
O N G C 157.90 (-3.19%)
Power Grid Corpn 190.25 (-0.08%)
Reliance Industr 2627.40 (-1.26%)
SBI Life Insuran 1186.00 (1.19%)
Shree Cement 28107.75 (1.19%)
St Bk of India 519.15 (1.29%)
Sun Pharma.Inds. 825.10 (1.43%)
Tata Consumer 818.75 (1.22%)
Tata Motors 497.90 (-2.11%)
Tata Steel 1326.15 (-1.30%)
TCS 3489.75 (0.21%)
Tech Mahindra 1567.85 (0.29%)
Titan Company 2460.10 (0.22%)
UltraTech Cem. 7354.20 (1.17%)
UPL 741.50 (3.96%)
Wipro 671.10 (0.44%)

Closing Bell: Nifty breaches 18000 mark, Sensex hits all time high; Auto and Power stocks shine.

Closing Bell: Nifty breaches 18000 mark, Sensex hits all time high; Auto and Power stocks shine.
by 5paisa Research Team 11/10/2021

At Closing Bell on Monday. Nifty breaches the 18000 mark, Sensex hits all time high. Auto and Power stocks shine.

As is the story for the past few months, the Indian stock market is scaling new trading peaks each day, and today was no different as benchmark indices Sensex and Nifty closed at record highs.

At the closing bell on October 11, 2021, the Sensex was up 76.72 points or 0.13% at 60,135.78, and the Nifty was up 50.80 points or 0.28% at 17,946.00. On the bourses today, 1814 shares have advanced, while 1375 shares declined, and 141 shares were unchanged.

Automobile, utility and power company stocks were trending throughout the trading session and outperformed broader markets. BSE midcap and smallcap indices were up by more than 0.55% each and closed at 25,978.36 and 29,506.36 respectively.

Among the top gainer for the day were Maruti Suzuki, Powergrid Corporation, ITC, NTPC and SBI. Top losers in Monday's trading session include TCS, Tech Mahindra, Infosys, and HCL Technologies.

Tata Motors reported retail sales for the second quarter ending September 2021 were 92,710 vehicles, 18.4% lower than the 1,13,569 vehicles sold in Q2 last year.

Tata Motors touched a 52-week high of Rs 420.75 and was trading at Rs 415.60, up by 8.53% on the BSE.

On sectoral basis, the IT index fell by 3%, while auto, bank, metal, power and realty indices added 1-2.5%.

According to market experts, the auto sector will continue its outperformance in expectation of demand revival during the festive season, whereas power and renewable energy will continue to be in focus.

Banking stocks also followed the buying trend owing to strong business preview numbers and favourable credit growth data. But, the IT sector was under pressure as initial earnings releases failed to meet market expectations.

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 11/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Shilpa Medicare, NMDC, Torrent Power.

 

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. Shilpa Medicare: The stock had witnessed a breakout of a downward sloping trendline. This was formed connecting the swing high from July 27 onwards. Interestingly, the stock witnessed a follow-up move in the direction of the breakout along with a rise in the volumes. 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 was greater than 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 levels of Rs 640 followed by Rs 675 while on the downside the support is seen around levels of Rs 594.

  1. NMDC: The stock has formed a bullish candle on Monday as it jumped over 5%. The stocks' daily range on Monday was greater than its 10-day average range. Additionally, the volume for the day was greater than its previous trading session and it was the highest since August 30. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days, hence, swing traders can keep this on the radar for up-move towards the level of Rs 161, while immediate support is seen around Rs 149.

  1. Torrent Power: The stock has jumped over 7% on Monday and with this, it has witnessed a breakout of pennant like pattern along with a huge spurt in volume. Interestingly, the stock has met the criteria of volume and price surge on Monday. The volumes were higher than its previous trading session and it was higher than 10 and 30-days 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 560 in the near to medium term. On the downside, support is seen around Rs 520 levels.

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Best Mutual Funds for SIP in 2021 | 5paisa Mutual Fund Research

by 5paisa Research Team 11/10/2021

In recent times, people have moved beyond fixed deposits and insurance policies to look for better ways to invest and grow their money. While old savings schemes offer secure and stable ways to keep money, they often do not provide high growth or interest rates to satisfy all. Mutual funds are an excellent way to grow your money in a short period of time.

If you are someone who is recently discovering mutual funds and SIPs, you must read a lot to understand which funds are the best currently. While some investors risk their money by their gut feeling, some prefer to do extensive research before starting their investment journey.

For the unversed, mutual funds are professional investment funds that pool money from several investors and purchase securities. This system is managed by experts and they try to minimize risks and maximize profits for everyone who has put money in.

What is SIP (Systematic Investment Plan)?

A Systematic Investment Plan or SIP is a facility by mutual funds in which investors can put money in an organized manner. In an SIP, you can invest a fixed amount of money at regular intervals in your selected mutual fund scheme. The investment interval can be predecided before making the SIP.

Best Mutual Funds for SIP in 2021

Since there are so many investment funds and options in the market, beginners often get confused about which mutual funds to invest in, and specifically which mutual fund is best for SIP. This is why we bring a list of the best mutual funds for SIP that you can trust in 2021.

BOI AXA Mid & Small Cap Equity & Debt Fund

This is a hybrid SIP that has seen 78.26% three-year returns and 15.62% in one-year returns. BOI AXA Mid & Small Cap Equity & Debt Fund has an 80.91% investment in Indian stocks presently. Of that, the fund has 13.67% investment in debt, where 1.97% is in government securities and 11.7% has funds invested in securities with very low risk.

This aggressive mutual fund scheme has no lock-in period and has an expense ratio of 1.9%, which is higher than most other aggressive hybrid funds. It last doubled investment in one year and three months, which means it is a great SIP to invest in.

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund is one of the most stable and consistent performers when it comes to mutual fund SIPs. It is a large-cap fund that has given around 32% returns in 2017 and 9% returns in 2019. 

If you do not see immediate growth with this investment, do not fear. This bluechip fund is aimed at long-term growth in equity schemes. Keep investing and see your finances improve steadily.

PGIM India Flexi Cap Fund

This flexi cap fund has seen three-year returns of 68.98% and a one-year return of 23.47%. It aims to reduce the volatility of market conditions and adapt itself to provide maximum security to its investors. Basically, PGIM India Flexi Cap Fund SIP dynamically allocates portfolios across market caps to generate risk-adjusted returns.

It is ideal for investors who want to keep their money invested for at least three to four years without worrying too much about minor losses. At the end of this period, you will get high returns. This fund has 92.67% in Indian stocks, of which 46.02% is in large-cap stocks. 

Axis Bluechip Fund

Axis Bluechip Fund is another long term capital investment SIP with a good track record of returns. It has seen 51.1% returns in the last three years and 22.6% in one year. It archives long term appreciation by investing in a diversified portfolio that consists mostly of equity and equity-related securities.

This large-cap fund provides growth that can beat inflation in a few years and is extremely suitable for people looking to invest for more than five years, ideally between 10 to 15 years. The longer you invest, the higher returns you can expect from this fund. Although Axis Bluechip has moderately high risks, it has a great long term return record. 

Parag Parikh Flexi Cap Fund

This flexi cap fund is a direct-growth mutual fund scheme from PPFAS Mutual Fund. It was initiated in 2013 and has since served steady returns to its investors. Currently, Parag Parikh Flexi Cap Fund has over 14,590 crore rupees worth of assets and is a small fund. Its expense ratio is 0.87% and its last one-year returns rate is 59%. 

This fund is known for delivering consistent results and doubling the invested money in less than two years. It also has the ability to control losses above averagely during bad phases in the market. Most of its funds are invested in technology, finance, automobiles, and FMCG sectors.

If you invest in this SIP, you can expect returns without major ups and downs and also choose to withdraw your money in lesser time as compared to other SIPs.

Conclusion

Mutual fund SIPs are a great way to start your investment journey and get some constructive knowledge about the market. Before taking big judgement calls and higher risks, it is advisable that you invest in these reliable mutual funds for SIP to ensure higher returns and lower risk factors over time.

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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