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%)

Closing Bell: Sensex breaches 61000 mark, Nifty scales 18,300; HDFC and ITC gain.

Closing Bell: Sensex breaches 61000 mark, Nifty scales 18,300; HDFC and ITC gain.
by 5paisa Research Team 14/10/2021

The bull run continues in the Indian market as Sensex and Nifty close at record highs.

Indian markets have ended at record highs on Thursday, October 14, 2021. This is the sixth consecutive trading session where the domestic indices have closed in the green territory. Today's action was powered by gains in technology company stocks following upbeat results from top companies, Wipro and Infosys.

At the closing bell on Thursday, the Sensex closed at 61,305.65, higher by 568.90 points or 0.94%, while NSE Nifty settled at a record closing high of 18,338.55, up 176.50 points or 0.97%. The broader markets also performed well, with the BSE Midcap index and BSE Smallcap index adding 0.5%. On the advance-decline ratio, around 1596 shares have advanced, 1541 shares declined, and 103 shares were unchanged.

Banks lead the market higher in Thursday's trading session with HDFC Bank being the top contributor.

Among the top gainers on October 14 were, Adani Ports, Wipro, Grasim, ITC, ICICI and HDFC Bank. Top losers of the day were Coal India, Eicher Motors, Tata Motors, and TCS.

On sectoral basis, except auto, all other sectoral indices ended in the green. IT, infra, PSU Bank, realty, power and metal indices were up a per cent each.

According to market experts, the Indian market sustained its upbeat mood supported by a positive global market, favourable inflation data and an up move in IT shares, following strong earnings reports by sector majors. India’s September retail inflation eased sharply to 4.35% against 5.30% in August, owing to a decline in food price while wholesale inflation stood at 10.66% compared to 11.39% in the previous month. Banking stocks contributed to the rally and remained in focus as the sector is set to kickstart its earnings season soon.

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Top 5 gainers and losers in the Midcap and Smallcap segments during this week!

Top 5 gainers and losers in the Midcap and Smallcap segments during this week!
by 5paisa Research Team 14/10/2021

List of top 5 gainers and losers in the Mid-cap and Small-cap segments for the week from October 8 to 14, 2021.

The overriding sentiment of the market was ultra-positive. The International Monetary Fund (IMF) projected that India would retain its fastest-growing economy tag with an estimated gross domestic product (GDP) growth rate of 9.5% in FY22. IMF has projected the government debt, including that of the Centre and the states, to rise to a record 90.6% of gross domestic product (GDP) during 2021-22 against 89.6% in the previous year. It will then moderate to 88.8% during FY23 but will remain over 85% during the next five years till 2026-27, the IMF said in its latest Fiscal Monitor. On the home front, the FM contended that India is looking at near double-digit growth this year. On the back of strong macro-economic factors, India emerged as one of the best-performing markets.

The Sensex on Wednesday  October 13 closed at a new high at 60737, up by 1060 points, or 1.78% with the market cap of all listed stocks on the BSE topping Rs 270 trillion.

 

 

 

Let us have a look at the top 5 gainers and losers in the Midcap space for this week:

This is the table code -

Union Bank Of India 

 

18.11 

 

Bharat Heavy Electricals Ltd. 

 

16.73 

 

ICICI Securities Ltd. 

 

16.45 

 

Radico Khaitan Ltd. 

 

16.03 

 

Angel One Ltd. 

 

15.87 

 

The bull rally was led by the Union Bank of India in the mid-cap segment.  The shares of the company delivered a weekly return of 18.11%. The share price of the company rose from Rs 37.55 to Rs 44.35 during the period. Moody’s has affirmed the Ba1 long term local and foreign currency ratings of the bank. The market is anticipating strong performance for the Q2 FY 22 with an increase in Net Interest Income in double digits and solid improvement in the bottom line on YoY basis.

The strong bull sentiment of the market was evident in the strong double-digit gains in all the top five gainers in this segment.

The top 5 losers from the Midcap segment for this week are as follows:

This is the table code -

  

Chambal Fertilizers and Chemicals Ltd. 

 

-12.38 

 

Hikal Ltd. 

 

-8.07 

 

Nazara Technologies Ltd. 

 

-7.48 

 

Just Dial Ltd. 

 

-7.14 

 

Vodafone Idea Ltd. 

 

-5.89 

 

The laggards of the mid cap segment were led by Chambal Fertilizers and Chemicals Ltd. The shares of the company declined 12.38% from Rs 438.5 to Rs 384.20. Chambal Fertilizers and Chemicals Ltd is engaged in production of Urea and markets/deals in other fertilizers and agri-inputs. Nazara Technologies Ltd shows profit booking after the last week gains of 16.36% signally weak sentiments for the stock.

Let us move towards the top 5 gainers and losers in the Small cap segment:

 

The top 5 gainers in the Small cap segment for this week are as follows:

This is the table code -

Arshiya Ltd. 

 

50.98 

 

Borosil Renewables Ltd. 

 

33.07 

 

GOCL Corporation Ltd. 

 

32.91 

 

Inox Wind Ltd. 

 

27.67 

 

Arvind Ltd. 

 

24.55 

 

The top gainer in the Small-cap segment was Arshiya Ltd. The stock swell by a whopping 51%. The buzzing stock beat the market with a significant gain of 50% gain in the last three trading sessions from Rs 28.15 to Rs 42.45, unsupported by weak fundamentals. Arshiya is engaged in the business of Free Trade and Warehousing Zone, Domestic Warehousing Zone, Value-added Services along with development, Operations and maintenance of FTWZ. In the last year revenues have shrunk by 27% for the logistics player with negative earnings per share. The exchange has sought clarification from the management with reference to Movement in Price.

All the other featured performers in the segment justified the outperformance of these high-risk high return stocks which front run the bull rally.

The top 5 losers in the Small cap segment for this week are as follows:

This is the table code -

Nureca Ltd. 

 

-13.91 

 

Bajaj Hindusthan Sugar Ltd. 

 

-12.95 

 

Jindal Worldwide Ltd. 

 

-9.82 

 

BLS International Services Ltd. 

 

-8.72 

 

Himatsingka Seide Ltd. 

 

-7.96 

 

Volatility being the key trait of these small cap stocks, the shares of Nureca Ltd. fell from Rs 2139.85 to Rs 1842.15 registering a loss of13.91% in the stock price despite robust fundamentals. Nureca Ltd. is a company engaged in the business of home healthcare and wellness products under Brand "Dr Trust".

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HCL Tech Q2 net profit rises 3.9%, retains margin forecast

by 5paisa Research Team 14/10/2021

HCL Technologies Ltd reported a 3.9% year-on-year increase in consolidated net profit to Rs 3,265 crore for the July-September quarter, as revenue rose thanks to new deal wins.

Net profit for the second quarter was up 1.6% from Rs 3,214 crore in the first quarter, India’s fourth-largest software services exporter said.

Consolidated revenue for the second quarter was Rs 20,655 crore, increasing 2.9% sequentially and 11.1% from a year earlier.

The company said it signed 14 new large deals during the quarter, including with MKS Instruments Inc, Wacker Chemie AG and Munich Re.

In dollar terms, revenue came in at $2.79 billion, up 3.5% sequentially and 10.5% from a year earlier in constant currency. Net income was $441 million, up 1.2% sequentially and 4% from a year earlier.

The company retained its guidance for revenue to grow in double digits in constant currency for FY22. EBIT margin is expected to be between 19% and 21% for FY22, the company said, retaining its forecast. EBIT margin for the second quarter was 19%.

Other key details:

1) It booked new deal worth $2.245 billion, registering 38% YoY growth.

2) Q2 revenue growth powered by services revenue at 5.2% QoQ and 13.1% YoY in constant currency.

3) Engineering and R&D Services grew at 5.4% QoQ and 12.7% YoY in constant currency.

4) IT and business services grew at 5.2% QoQ and 13.2% YoY in constant currency.

5) Growth momentum led by life sciences and healthcare vertical (20.1% YoY in constant currency).

6) On a YoY basis, HCL added one client in the $100-million bracket and 12 clients in the $50-million basket.

7) HCL added net 11,135 employees during the quarter, the highest in the last 24 quarters. Its total headcount is now at 187,634.

Management Commentary:

HCL Technologies chairperson Roshni Nadar Malhotra said that the Covid-19 pandemic accelerated the need for building a sustainable future and investing in purpose-driven growth, and that the company believes in ‘The New Essential’ – the confluence of technology and human ingenuity – as the path forward.

“In the months ahead, we will further accelerate our actions and investments in emerging technologies, people and ESG to build a stronger and better future together,” she said, referring to environmental, social and governance standards.

C Vijayakumar, CEO and managing director at HCL Technologies, said the company delivered a healthy performance in the last quarter marked by strong growth across its services portfolio and led by its digital business as well as engineering and cloud services

“We had impressive client additions across all categories, reflecting strong demand and relevance of our offerings across all our client groups. We signed 14 large new deals which helped us to record net new booking of $2.3 billion, a growth of 38% YoY,” he said.

Vijayakumar said the company’s net employee addition hit an all-time high of 11,135 in the September quarter. “Our robust pipeline and continued strong employee ramp up augurs well for our business momentum going forward.”

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Opening Bell: Here’s what you need to know before the market opens on October 18, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 18, 2021.
by 5paisa Research Team 18/10/2021

The bulls fairy tale on the D-Street is likely to continue amid a decent performance by HDFC Bank.

Indian benchmark indices will resume trading after a long weekend as Friday was a holiday on account of Dussehra. The SGX Nifty indicates that the fairy tale of the bulls is likely to continue on D-Street. The long weekend will not derail the momentum of the bulls as market participants will be rejoicing from the fact the major private sector lender HDFC Bank displayed a good performance in Q2. The SGX Nifty indicates that Nifty would open the day up by 31 points at the 18,435 level.

Cues from Asian markets: Majority of the Asian markets were seen trading in red on the first trading day of a fresh week. China’s Shanghai Composite is down by 0.69% after data released showed that the GDP of China grew at 4.9% in Q3 which is the slowest in a year in the third quarter. Hong Kong’s Hang Seng was down by 0.44% and Japan’s Nikkei has dipped 0.23%.

Overnight cues from US markets: All the three US stock indices signed off the week on a buoyant note with the Dow leading from the front as it has jumped over 1%, while the tech-heavy Nasdaq rose by nearly 0.50% and the S&P 500 added 0.1%. Strong earnings propelled the markets higher on Friday. For the week, Nasdaq outperformed its counterpart as it jumped over 2%, the S&P 500 registered its best weekly gain since July as it has gained 1.82% and the Dow advanced 1.58%. 

Last session summary: On Thursday, Indian benchmark indices scaled to fresh record highs on the back of buying witnessed almost across the board. The Nifty and Sensex settled the day above the 18,300 and 61,300 mark, respectively. Among the sectoral indices, barring Nifty Auto, all other sectoral indices ended in green.  

FII’s and DII’s activity on Thursday: The DIIs continued to be the net sellers for the fifth straight day as they sold to the tune of Rs 1,750.59 crore, on other hand, FIIs were the net buyers for the second day in a row to the tune of Rs 1,681.60 crore.

Important events to watch out for: On the earnings front, Larsen & Toubro Infotech, Route Mobile and Tata Coffee will be in focus.

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This stock which has gained over 350% meets Mark Minervini’s Trend template.

This stock which has gained over 350% meets Mark Minervini’s Trend template.
by 5paisa Research Team 18/10/2021

The stock of Lakshmi Machine Works Ltd has formed a Hammer like pattern in the last week of March 2020 and thereafter marked the sequence of higher tops and higher bottoms. From the low of Rs 2000, the stock has gained 351.64%.

On Friday, the stock has given a breakout of cup pattern breakout. The depth of the cup pattern is 17% and its length is 10-weeks. Further, this breakout was supported by a robust volume of nearly double of 50-weeks average volume, indicating strong buying interest by market participants.

In addition, the stock has formed an opening bullish Marubozu candle on breakout week, which adds strength to the breakout. The opening bullish Marubozu candle has no shadow extending from the open price end of the body. Opening bullish Marubozu candle indicates extreme bullishness.

Currently, the stock is meeting the criteria of Mark Minervini's Trend Template. The current market price of the stock is above the 150-day (30-week) and the 200-day (40-week) moving averages. The 150-day moving average is above the 200-day moving average. Since the last 299 trading sessions, the stock is trading above its 200-day moving average.

The 50-day (10-week) moving average is also above both 150-day and 200-day moving averages. The current stock price is above the 50-day moving average. Also, the current stock price is nearly 138% above its 52-week low and currently, it is trading at all time high. In the last couple of weeks, the stock has outperformed the frontline indices. Also, it has relatively outshined the Nifty 500 with a decent margin. The relative strength comparison with Nifty 50 and Nifty 500 is marking the higher high.

One interesting observation on the leading indicator RSI is that during the formation of the cup pattern, the RSI has never sustained below the 60 mark. It has taken support in the zone of 59-60 level and bounced back. As per the RSI range shift rules if RSI bounced level of 60 then it has resulted in a range shift of RSI. The trend strength is very strong as weekly ADX is at 49.51, and it is above the +DMI & -DMI.

Talking purely about the trading levels, the 20-day EMA will act as strong support for the stock. According to the measure rule of cup pattern, the first target is placed at Rs 10400 level.

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

Chart Busters: Top trading set-ups to watch out for on Monday.
by 5paisa Research Team 18/10/2021

The benchmark index Nifty has marked a fresh all time high of 18350.75 level. In the last four trading sessions, the index has gained 443.35 points or 2.47%. On Thursday, barring the Nifty Auto index, all other sectoral indices have ended in positive. The Nifty Midcap 100 and Nifty Smallcap 100 has also marked the fresh all time high. From the Nifty 500 space, almost 65 stocks have marked a 52-week high.

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

Alkali Metals: The stock has formed a hammer candlestick pattern as of September 22, 2021, and thereafter witnessed a nearly 63% upward journey in just 9 trading sessions. However, after registering the high of Rs 111.70, the stock has witnessed correction. During the period of correction, the volume activity was mostly below the 50-days average volume. Hence, it should be viewed as a routine decline after a robust move. The correction is arrested near 50% Fibonacci retracement level of its prior upward move. On Thursday, the stock has taken support near the 13-day EMA level and resumed its upward journey.

The 14-period RSI on the daily timeframe is in bullish territory and it has given positive crossover on Thursday. Furthermore, in the recent corrective phase, the RSI never breached its 60 mark, which indicates that the stock is in a super bullish range as per RSI range shift rules. The MACD is above the zero line and signal line on the daily chart. The MACD histogram suggests bullish momentum. And most importantly, the MACD line crossed the prior swing highs.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the upside, the prior high of Rs 111.70 will act as minor resistance for the stock. While on the downside, the zone of Rs 90-Rs 88 will act as a strong support zone for stock as it is the confluence of swing low and 13-day EMA level.

Indiabulls Real Estate: Considering the daily chart, the stock has given a breakout of a downward sloping trendline resistance on Thursday. With this trendline breakout, the ADX, which shows the strength of the trend, turned upside and moved above the -DI. Further, this breakout was supported by above 50-days average volume. In addition, 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 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 its prior swing high. The MACD stays bullish as it is trading above its zero line and signal line.

Based on the above observations, we expect the stock to continue its upward movement. The prior swing high of Rs 174.75 will act as minor resistance for stock and on the downside, the zone of Rs 152-149 is likely to act as strong support for the stock.

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