Closing Bell: Sensex and Nifty close in Red for a third consecutive session; midcap and smallcap outperform.

Closing Bell:The Indian stock market closed red on Thursday, ahead of the F&O expiry. The BSE Sensex ended the session at 59,126, down by 286 points or 0.48% and the Nifty50 index slipped by 93 points or 0.53 to end at 17,618.
30/09/2021

Benchmark indices slipped in red for the third consecutive day amid the F&O expiry. Sensex plunged 286.91 points and Nifty was down by 93.10 points. Closing Bell Indian market.

The Indian stock market closed red on Thursday, ahead of the F&O expiry. The BSE Sensex ended the session at 59,126, down by 286 points or 0.48% and the Nifty50 index slipped by 93 points or 0.53 to end at 17,618.

A mixed trading day was witnessed today with buying seen in the Realty, Power,Pharma, and PSU banking stocks, whereas, selling was seen in the Bank, Auto, IT and Metal sectors. BSE midcap and smallcap indices ended in the green. The benchmarks fluctuated between gains and losses but were dragged down in the afternoon trade by selling pressure in banking, IT and metal stocks.

The top gainers for Thursday were Bajaj Finserv, Bajaj Finance, NTPC, Hindustan Unilever and Titan. While the top losers include Power Grid, Asian Paints, Axis Bank, Bajaj Auto and Kotak Mahindra Bank.

In the September series, Sensex surged 5.68% and the Nifty 50 index has increased by 5.89%, as accommodative monetary policy and easing Covid restrictions kept investor sentiment underpinned.

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Opening Bell: Here’s what you need to know before the market opens on October 01, 2021.

Indian markets are most likely to witness a gap-down start owing to the severe weakness seen on the global shores.
01/10/2021

After a jubilant performance in September, the D-Street bulls will be dragged down by fragile global cues.

Indian markets are most likely to witness a gap-down start owing to the severe weakness seen on the global shores. At 7:40 am, SGX Nifty was down by nearly 1% at the 17,428 mark. We expect after a knee jerk reaction the Nifty might consolidate in the range of 17,400-17,440 as this is a good support level.

Cues from Asian markets: Following negative cues from Wall Street, Asian markets were seen trading in red on Friday. Japan’s Nikkei 225 is down by over 1.91% and Straits Times has lost over a 1%. Hong Kong’s Hang Seng and China’s Shanghai Composite were closed for a holiday.

Overnight cues from US markets: All three widely followed indexes in the US ended the final trading session of September month in the red with the Dow leading the losses as it plunged 1.6% and slipped below its important psychological mark of 34,000. The S&P 500 lost 1.23%, while the tech-heavy Nasdaq shed 0.4%. The month of September turned out to be a scary one for the US markets as Dow plummeted more than 4% and it saw its worst month since October last year. Meanwhile, the tech-heavy Nasdaq has lost 5.73% in September 2021 and the S&P 500 saw its worst month since March 2020 as it has slipped 4.76%.

Last Session Summary: On Thursday, Nifty extended losses for the third straight day as it fell more than half a per cent. Despite ending in negative terrain on the last day of September month, the Nifty managed to clock gains of 2.8% in September.

Meanwhile, the key takeaways from Thursday’s session were the outperformance from the broader markets. The Nifty Midcap 100 and Smallcap 100 ended the day in the green. Overall, market breadth was evenly balanced. Moreover, India VIX cooled off significantly from the days high and it ended down by more than 2%.

FII’s activity on Thursday: FIIs were net sellers to the tune of Rs 2,225.60 crore on Thursday. For September FIIs have been net sellers as they sold equities worth Rs 3,671.62 crore. On other hand, DIIs were net buyers in September as they bought to the tune of Rs 3,359.34 crore, while on the last day of September they bought to the tune of Rs 97.18 crore.

Important event to watch out for: Auto companies are scheduled to report their monthly sales figures for September. In addition to this, market participants will also take note of The IHS Markit India Manufacturing PMI for September, which is expected to be announced on Friday around 10:30 AM. 

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Outperforming stocks: These Stocks are locked in the upper circuit as BSE Sensex is down by 500 points

Upper Circuit stocks
by 5paisa Research Team 01/10/2021

BSE Auto index, BSE Private Bank index and BSE Telcom index are the worst-performing sectoral indices while the BSE Metal index, BSE Healthcare index and BSE Consumer Durables are trading in green, outperforming the markets, on Friday, on an intraday basis.  

BSE Sensex is down by more than 500 points, on an intraday basis even as the BSE SmallCap index and BSE Midcap index are seen outperforming the frontline index.  

Bse Auto index, BSE Private Bank index and BSE Telcom index are the worst-performing sectoral indices while the BSE Metal index, BSE Healthcare index and BSE Consumer Durables are trading in green, outperforming the markets, on Friday, on an intraday basis.  

Jindal Steel, JSW Steel, Tata Steel and NMDC are the metal stocks that have gained more than 1% each and outperforming the markets. Hindalco and NALCO are seen underperforming the BSE Metal index. 

Delta Corp up by more than 7% is the top BSE SmallCap index gainer while Apollo Microsystems is the second-best small-cap index performer on Friday, after gaining more than 6%. Zen technologies and Tanla Solutions are locked in the upper circuit on Friday.  

Following trending stocks hit the upper circuit on Friday, on an intraday basis: 

Sr No  

Stock   

LTP   

Price Gain (%)   

1  

AXISCADES Engineering   

84.45  

4.97  

2  

BPL   

125.7  

4.97  

3  

BEW Engineering   

250.95  

9.99  

4  

MIRC Electronic  

19.5  

4.84  

5  

Stampede Capital   

16.6  

4.73  

6  

Tejas Networks  

517.5  

4.99  

7  

JITF Infralogistics   

207.25  

4.99  

8  

Compucom Software   

15.2  

4.83  

9  

Proseed India   

101.05  

4.99  

10  

Tanla Solutions   

915.95  

5  

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5 Stocks to Buy Today: October 01, 2021

5 Stocks to Buy Today
by 5paisa Research Team 01/10/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today

1. PNC Infratech (PNCInfra)

PNC Infratech Stock Details for Today

- Current Market Price: Rs.383

- Stop Loss: Rs. 373

- Target 1: Rs. 396

- Target 2: Rs. 414

- Holding Period: One week

5paisa Recommendation: Momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

2. Can fin Homes Ltd (CANFINHOME)

Can fin Homes Ltd Stock Details for Today: 

- Current Market Price: Rs. 687

- Stop Loss: Rs. 673

- Target 1: Rs. 698

- Target 2: Rs. 720

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts observe positive chart structure, thus recommending this stock as the best stock to buy today. 

 

3. Amber Enterprises (AMBER)

Amber Enterprises Stock Details for Today: 

- Current Market Price: Rs. 3,264

- Stop Loss: Rs. 3,200

- Target 1: Rs.3,330

- Target 2: Rs. 3,420

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see a strong volume in the stock hence making this stock best stock to buy.

 

4. Phillips Carbon (PHILIPCARB)

Phillips Carbon Ltd Stock Details for Today: 

- Current Market Price: Rs. 267

- Stop Loss: Rs. 261

- Target 1: Rs. 274

- Target 2: Rs. 282

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see end in sideways move of the stock hence making this stock best stock to buy.

 

5. DCW Ltd (DCW)

DCW Ltd Stock Details for Today: 

- Current Market Price: Rs. 47.7

- Stop Loss: Rs. 45

- Target 1: Rs. 50

- Target 1: Rs. 53

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

 

Share Market Today

SGX NIFTY: 

SGX Nifty indicates negative opening for Indian markets.SGX Nifty is at 17,451.50 levels, lower 159.90 points. (Updated at 7:52 AM).

International Markets:

US Market:

US markets ended September with the worst month since October 2020 as Dow Jones closed lower by 550 points while Nasdaq closed down 60 points.

Bond yields also ended lower at 1.47% while the US$ index hit a 6-month high at 94.34. Oil prices also see weakness from recent highs as profit booking emerges.

 

Asian Market:

Asian markets opened in the red led by financials as US indices hit fresh one-month lows with September being the worst month since last October.

Japanese 'Nikkei' traded lower by over 450 points as most Asian markets hit 3-week lows. Chinese stocks staged a smart recovery yesterday and could see further buying as contrarian flows chase stocks.

Disclaimer: The above report is compiled from information available on the public platforms.

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Top 5 stocks to watch out in October based on Seasonality Trend.

Top 5 stocks to watch out for in October based on Seasonality Trend:
by 5paisa Research Team 01/10/2021

Volatility has raised its ugly head. Want to know which stocks are likely to weather the storm and deliver alpha returns in October.

In this fast-paced society where several trading tools can be accessed with a one-click, ideas on how to succeed are in abundance. However, the abundance availability of tools and studies can become a double-edged sword, as it sometimes leads to analysis paralysis.

We know the fact that only a handful of traders manage to make consistent profits. What separates a consistent trader from an inconsistent trader is the trading strategy and discipline to follow the trading strategy.

In this article, we will share a list of stocks based on a very simple yet effective technique, one that would help you to strengthen the probability of success in trading.

The technique is Seasonality analysis. This technique helps to tell which stocks have performed well during a particular month. And as the saying goes ‘history tends to repeat itself’, it is expected that the stock is likely to perform well as it has done in the past during that particular period.

Since we have stepped into October, we will check out which are the top five performing stocks based on Seasonality analysis this month. This will help you to know which stocks to keep on your radar.

Here are the Top 5 stocks to watch out for in October based on Seasonality Trend:

Schaeffler India: Historically, the stock of Schaeffler has performed well during October. As out of 19 occasions it has managed to deliver positive returns on 15 instances. Moreover, the average change for this stock in October is 7.32%.

Gujarat State Fertilizers & Chemicals (GSFC): The performance of GSFC is similar to Schaeffler India when it comes to positive closing for October as the stock has closed in green 15 out of 19 instances. However, average gains for GSFC are 10.13% in October. Hence, market participants can keep this stock on their radar, as if history repeats itself this stock can do wonders.

Thermax: The stock of Thermax tends to perform well during October. As the stock has closed in green 14 out of 19 instances in the past in October. The stock’s average return in October is 5.46%.

Can Fin Homes: The stock has managed to close in positive terrain 14 out of 19 instances in the past in October. The average return delivered by the stock in October is 9.81%.

Polyplex Corporation: The performance of Polyplex Corporation is similar to Thermax and Can Fin Homes when it comes to positive closing for October as the stock has closed in green 14 out of 19 instances. But the average returns are quite fascinating as average gains for the stock in October is 13.14%.

 

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Hospitality and construction firm PKH Ventures joins growing IPO queue

by 5paisa Research Team 01/10/2021

PKH Ventures Ltd, a company that undertakes businesses in three verticals—construction and development, hospitality and management services, is looking to raise money from the primary markets.

The Mumbai-based company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to sell a total of 2.927 crore shares in its initial public offering (IPO). This comprises a fresh issue and an offer for sale of 50 lakh shares by its promoter Pravin Kumar Agarwal. According to market sources, the company plans to raise about Rs 500 crore.

The company could also consider a pre-IPO placement of 25 lakh shares. If it does so, it will reduce the number of shares in the fresh issue by the same amount.

PKH Ventures plans to use Rs 135.94 crore out of the fresh proceeds to invest in Halaipani Hydro Project Pvt Ltd for the development of a hydropower project.

It also intends to use Rs 100 crore to invest in Makindian Foods Pvt Ltd towards the development of a construction project in Amritsar and Rs 60 crore for funding in Garuda Construction for funding its working capital requirements.

PKH Ventures’s business and financials

The comany was incorporated in 2000 by Pravin Kumar Agarwal. It began with offering management services at several airports. Currently, PKH Ventures operates its business under three broad verticals—construction and development, hospitality and management services.

The debt-averse company largely manages its fund requirements through internal accruals. Its debt-to-asset ratio stood at 0.16 as on March 31, 2021.

Its construction and development projects include residential, commercial buildings and miscellaneous construction projects. These include the Amritsar project in Punjab, the Halaipani hydropower plant in Arunachal Pradesh, a food park at Jalore in Rajasthan, an entertainment centre at Nagpur in Maharashtra, a cold storage project near Indore in Madhya Pradesh and a wellness centre and resort at Chiplun in Maharashtra.

At present, the company has 11 projects under development and looks to focus on build-operate-transfer and hybrid annuity model (HAM) projects.

The company owns and operates two hotels and manages one resort and spa at Aamby Valley, Lonavala. Additionally, it owns and operates the restaurants Balaji, Golden Chariot, Casablanca and manages and operates restaurants under the brand name Zebra Crossing, Hardy’s Burger and Mumbai Salsa.

The company’s order book as of September 24, 2021 stood at Rs 1,174 crore. Its consolidated revenue from operations for 2020-21 stood at Rs 241.51 crore, up from Rs 165.89 crore the year before. Consolidated net profit for the period stood at Rs 30.57 crore versus Rs 14.09 crore last year.