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%)

Here’s what you need to know before the market opens on October 07, 2021.

Here’s what you need to know before the market opens on October 07, 2021.
by 5paisa Research Team 07/10/2021

Opening Bell: Here’s what you need to know before the market opens on October 07, 2021.

SGX Nifty indicates that the Bulls will make a strong comeback on D-Street.

The fragile global cues were the main culprit which derailed the momentum of the D-Street, however, on Thursday global cues are in the favour of the bulls and as a result, the D-Street bulls seen jumping with joy and this is evident from the fact that SGX Nifty is up by 0.80% or 140 points, indicating Nifty may open around 17,769 levels.

Cues from Asian markets: Mirroring strong cues from Wall Street the Asian Stock markets were seen buzzing on Thursday with Nikkei 225 surging 1.53%, while Hong Kong’s Hang Seng jumped 2%.

Overnight cues from US markets: On Wall Street earlier in the day on Wednesday, the market participants were quite anxious and fear was dominant factor and this was evident as the Dow at point of time in the day had plummeted over 400 points, however, change in fortune was see on Wall Street after Senate Minority Leader Mitch McConnell has offered to allow a temporary extension of the debt limit. As a result, all the three major US Stocks indices ended the day in green with tech-heavy leading from the front as it added 0.5% followed by the S&P 500 and the Dow, which have gained 0.4% and 0.3%, respectively. We can conclude it by saying, ‘All’s well that ends well!’.    

Last session summary: On Wednesday, Indian benchmark indices snapped their two-days winning streak owing to weak global cues. The Nifty and Sensex slipped 0.99% and 0.93%, respectively. Nearly 80% of Nifty components ended in red. India VIX jumped over 5% and ended above the 17-mark.

Among the sectoral indices, all the indices witnessed selling pressure. Nifty Metal lost the most 2.98% followed by Nifty PSU Bank and Nifty Pharma.    

FII’s and DII’s activity on Wednesday: FIIs and DIIs both were net sellers to the tune of Rs 802.81 crore and 998.69 crore, respectively.

Important Corporate events to watch out for: Board Meeting of Gokaldas Exports is scheduled on October 67to consider fund raising.

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These stocks are locked in upper circuit as Sensex rallies over 500 points.

These stocks are locked in upper circuit as Sensex rallies over 500 points!
by 5paisa Research Team 07/10/2021

The benchmark indices have made a strong start in Thursday's trading session and are cheering up the market. BSE Sensex has jumped over 500 points and NSE's Nifty has zoomed beyond 150 points. Titan, M&M, Maruti Suzuki, HCL Technologies and Asian Paints are the top gainers within Sensex, whereas Axis Bank, HDFC Bank, Dr Reddy's Laboratories and HUL are the top losers.

In the broader markets, BSE Midcap and BSE Smallcap indices are seen outperforming the benchmark indices, gaining 1.44% and 1.38% respectively.
 

BSE Auto index, BSE Consumer Durables index and BSE Realty index are catching investors' attention gaining up to 4% on an intraday basis, while the BSE Oil and Gas, BSE FMCG and BSE Healthcare indices are the weakest performing sectoral indices. The realty stocks are in a buzz with Sobha, Oberoi Realty and Prestige Estates gaining 11.56%, 8.16% and 7.34%, respectively. Within the Consumer Durable index, Titan, Whirpool of India, Blue Star, Dixon Technologies and Vaibhav Global are the top gaining stocks.

We find that as many as 348 stocks have hit an upper circuit while 112 stocks are locked in the lower circuit.

On Tuesday, there are at least 286 stocks that hit 52 weeks high while as many as 10 stocks hit 52 weeks low.

The stocks of Raj Ratan Global Wire, Brightcom Group, JITF Infralogistics, Genesys International, etc have locked in upper circuit zooming up to 5%.

Following is the list of trending stocks that hit the upper circuit on Thursday, on an intraday basis:
 

Sr No  

Stocks  

LTP  

Price Gain (%)  

Raj Ratan Global Wire  

2311 

Brightcom Group 

74.25 

4.95 

JITF Infralogistics  

251.2 

4.99 

Genesys International  

264.8 

Imagica World Entertainment  

13.35 

4.71 

Paras Defence and Space Technology  

598.5 

California Software  

32.7 

4.98 

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5 Stocks to Buy Today: October 7, 2021

5 Stocks to Buy Today: October 7, 2021
by 5paisa Research Team 07/10/2021

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 October 7

1. Tata Chemicals (TATACHEM)

Tata Chemicals Stock Details for Today

- Current Market Price: Rs.963

- Stop Loss: Rs. 942

- Target 1: Rs. 981

- Target 2: Rs. 1,010

- Holding Period: One week

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

 

2. Tata Elxsi (TATAELXSI)

Tata Elxsi Stock Details for Today: 

- Current Market Price: Rs. 6,164

- Stop Loss: Rs. 6,060

- Target 1: Rs. 6,270

- Target 2: Rs. 6,400

- Holding Period: 1 week

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

 

3. Radico Khaitan (RADICO)

Radico Khaitan Stock Details for Today: 

- Current Market Price: Rs. 948

- Stop Loss: Rs. 925

- Target 1: Rs.972

- Target 2: Rs. 1,000

- Holding Period: 1 week

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

 

4. Uflex Ltd (UFLEX)

Uflex Ltd Stock Details for Today: 

- Current Market Price: Rs. 566

- Stop Loss: Rs. 552

- Target 1: Rs. 580

- Target 2: Rs. 595

- Holding Period: 1 week

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

 

5. Housing Development (HDFC)

Housing Development Stock Details for Today: 

- Current Market Price: Rs. 2,751

- Stop Loss: Rs. 2,695

- Target 1: Rs. 2,810

- Target 1: Rs. 2,834

- Holding Period: 1 week

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

 

Share Market Today

SGX NIFTY: 

SGX Nifty indicates positive opening for Indian markets.SGX Nifty is at 17,769.50 levels, higher 158.50 points. (Updated at 7:38 AM).

International Markets:

US Market: US markets bounce back from days' low to close higher by 100 points after being down over 400 points in early trade.

Nasdaq leads the rebound with intraday swings of over 250 points before closing higher by 68 points.

This is as global markets factor in higher inflation as bond yields spike to a 6-month high. US jobs data allays fear overgrowth as numbers beat all estimates.

Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei' which was up over 300 points in early trade as metals led the rebound with US data showing growth prospects better than estimated.

Taiwan and South Korea also led the rebound as most Asian markets had oversold & due for a sharp comeback. 

With US$ index now hitting key resistance the chances of fall will see investors buying interest return to Asian equities.

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

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Reliance Retail to launch first 7-Eleven store in Mumbai, RIL stock soars 1.5%.

Reliance Retail to launch first 7-Eleven store in Mumbai, RIL stock soars 1.5%.
by 5paisa Research Team 07/10/2021

The wait is over. One of the most popular global convenience stores is here in Mumbai, India. 

Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd (RIL), announced today the launch of 7-Eleven convenience stores in India and is all set and ready to start its first store in Andheri East, Mumbai on October 9, 2021. RRVL’s wholly-owned subsidiary 7-India Convenience Retail Ltd has entered into a master franchise agreement with 7-Eleven Inc (SEI).

The stores would be offering a superior shopping experience with products ranging from beverages to hygiene. The focus would also be on localizing the stores to fit the business environment of India. RRVL plans to expand rapidly in the neighbourhood vicinity of Mumbai, to begin with. However, the company has not disclosed yet the magnitude of expansion in the coming years.

RRVL is one of the largest and fastest-growing retailers in India. With the 7-Eleven franchise onboard, RRVL has the opportunity to further expand its retail reach. The consolidated revenues for RIL have gone up by 58.24% on a YoY basis to Rs 1,44,372 crore for the quarter ended June.

In the trailing three months from October 7, 2021, the RIL share price has generated over 21% returns for its shareholders. In the early morning trading session of October 7, 2021, the stock created a day high of Rs 2,600.00, up by 1.5% on BSE. The stock has a 52-week high of Rs 2,612.00.

It would be interesting to watch how this foreign iconic convenience store chain plays out in the Indian market. It would be crucial to analyze how RRVL performs in the medium term to factor in the contribution from the franchise. 

Would you like to visit the 7-Eleven store? Let us know in the comments.

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Multibagger Alert: This top stock from the energy sector delivered 470% returns in less than one year.

Multibagger Alert: This top stock from the energy sector delivered 470% returns in less than one year.
by 5paisa Research Team 07/10/2021

Riding on aggressive energy transition, prudent capital allocation and a robust balance sheet, JSW Energy Ltd has turned into a multibagger stock within a short period.

Introduction:

JSW Energy Ltd, an Indian company engaged in the business of power generation, transmission and trading, has turned multibagger by delivering bumper returns of 470% as of October 7, 2021. The stock which was trading at Rs 66.9 on January 1, 2021, closed at Rs 381.2 on October 6, 2021. It made a 52-week high of Rs 399 on October 1, 2021.

China’s power crisis in recent times has re-emphasized the importance of switching from non-renewable sources of energy to renewable ones. Acknowledging the importance of green energy, JSW Energy seeks to become a ‘net-zero’ contributor to greenhouse gas (GHG) emissions by 2050 or even earlier.

The company aims to implement a cleaner fuel mix and decrease the consumption of specific fuels in its existing thermal plants, and by vastly scaling its portfolio of greenfield renewable assets, majorly across the wind and solar. It is also evaluating emerging technologies across green hydrogen; off-shore wind; and storage solutions including battery and pumped hydro storage.

In FY21, on a consolidated basis, the company reported a turnover of Rs 7,160 crore. Its operating profit stood at Rs 3,144 crore, while its net profit stood at Rs 805.53 crore.

On its Capex plans, JSW Energy has tied up a Rs 16,000 crore Capex and signed all the PPA agreements, for which the construction is in full swing. The asset commissioning will begin from Q4FY22, wherein the company will be commissioning close to 200 MW to 300 MW every quarter thereafter.

Earlier this week, the company announced that it has signed a contract with Senvion India, a leading manufacturer of wind turbines, for procuring 591 MW of onshore wind turbines for the company’s under-construction pipeline of renewable energy projects. Senvion will commence the supply of turbines by the second quarter of CY2022. The turbines will produce enough green energy to meet the annual electricity requirements of more than 4.5 lakh households in the country.

At 12.40 pm, the share price of JSW Energy was trading at Rs 376.75, a decrease of 1.17% from the previous closing price of Rs 381.2 on BSE.

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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 8, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 8, 2021.
by 5paisa Research Team 07/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, United Spirits, Wockhardt, Persistent Systems.

Many times market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.  

The superstar stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time! 

Here are the superstar BTST stocks for October 8, 2021.

United Spirits (Mcdowell-N): The stock has registered a fresh all-time high on Thursday as it has jumped 4%. The stock formed a bullish candle and it is seen near the day’s high. Interestingly, almost two hours are remaining in Thursday’s session and the stock has already surpassed the volume of its previous trading session. The RSI on an hourly basis is in the bullish territory, while on the daily and weekly time frame it is in super bullish territory. The stock can probably test levels of Rs 932 followed by Rs 945 on the upside, while on the downside, support is seen around Rs 884.

Wockhardt: The stock has jumped nearly 5% on Thursday and moreover, the most striking point for this stock is that the stock has seen a huge spurt in the volumes. The daily volume so far has already surpassed its previous day volume and it is the highest since September 27. The volume activity is seen picking up in the last one hour or so. The 14-period RSI is in the bullish territory on hourly and daily time frame. The stock has the potential to test levels of Rs 499 followed by Rs 508 on the upside. On the downside, the level of Rs 450 is likely to act as immediate support for the stock.

Persistent Systems: The stock is on verge of a breakout of horizontal trendline. The stock has already surpassed the volume of its previous trading session. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 3880 and immediate support for the stock is placed at Rs 3730.