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%)

Mahindra and Mahindra Financial on the verge of a trendline breakout!

Mahindra and Mahindra Financial on the verge of a trendline breakout!
by 5paisa Research Team 03/11/2021

Mahindra and Mahindra Financial is near its three-year down trendline. Is it on a verge of giving a breakout? Let’s find out.

Mahindra and Mahindra Financial made an all-time high in the month of April 2018. And ever since then, it is moving downwards forming lower highs and lower lows. In March 2020, it further exceeded its pace of fall and made a low of 76.1 in May 2020. Post this fall, as there was overall optimism in the market, even this stock started rising. However, in February 2021, it faced resistance on its three-year falling trendline. The stock faced further selling pressure leading it towards creating a higher low of 138 in August 2021. From here it again started to inch upwards and as of today, it is again trading near its three-year trendline that is heading downwards. Interestingly, this is near the crucial Fibonacci level of 50% (198 levels).

Moreover, the stock is presently trading above its 50-Day Exponential Moving Average (EMA). Its Relative Strength Index (RSI) is trading at 63.85 which is above its 20-Day EMA of 54.62 on weekly charts. Moving Average Convergence Divergence (MACD) is in the positive territory and is trading above its signal line. MACD also had a positive crossover near the neutral line, supporting the up move.

The stock is currently trading above its Parabolic SAR. In fact, for the past nine weeks, it is trading above its Parabolic SAR. This too supports the recent up move. Speaking about Commodity Channel Index (CCI) it is presently trading below the 100 level at 93.06. This means, as per CCI and also RSI, the stock has not yet entered the overbought situation to witness selling pressure. On the contrary, the stock is presently trading near the upper band of the Bollinger band suggesting a pullback.

All in all, it is recommended that you should take investment decision after the stock breaches the downward sloping trendline on weekly charts. Till then we recommend you keep this stock on your radar and monitor. The day it breaks out from this trendline, the stock is likely to head for a trend reversal. However, even after the stock gives a breakout, it makes sense to validate the same in order to avoid false breakouts.

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Closing Bell: Markets extend losses, Sensex and Nifty end marginally lower

Closing Bell: Markets extend losses, Sensex and Nifty end marginally lower
by 5paisa Research Team 03/11/2021

Benchmark indices witness profit booking due to weak global market cues and stretched valuations.

Indian market closed a volatile trading session marginally lower on Wednesday, November 3, extending losses to a second straight day. Selling in financial and oil & gas shares pulled the indices lower, but gains in infrastructure, metal and select IT shares arrested the fall.

At the closing bell on Wednesday, the Sensex was down 257.14 points or 0.43% at 59,771.92, and the Nifty was down 59.80 points or 0.33% at 17,829.20. The market breadth was negative as 1509 shares have advanced, 1662 shares declined, and 143 shares were unchanged.

Among the top Nifty gainers on a choppy trading session were, L&T, Grasim Industries, UPL, UltraTech Cement and Asian Paints. The top losers of the day were Sun Pharma, IndusInd Bank, Bharti Airtel, Kotak Mahindra Bank and ICICI Bank.

On the sectoral front, the auto and bank indices fell by 1%, while realty and capital goods indices went up by 2% each. In the broader markets, the BSE midcap and smallcap indices also closed with marginal losses.

The trending stocks of the day were Larsen and Toubro which gained around 4%, followed by Grasim Industries up almost 2.5%. Other buzzing stocks were Asian Paints, UPL, UltraTech Cement, and Hindalco each surging over 2% today.

Sun Pharma, after the lower-than-expected results, slipped down by 3%, followed by IndusInd bank down 3% and Bharti Airtel closing down over 2% on Wednesday.

Among the sectors Nifty Bank lost over 1%, followed by auto and pharma indices. However, Nifty Realty outperformed the markets by going up by 2% on Wednesday.

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Penny Stock Update: These stocks gained up to 9.70% on Wednesday

Penny Stock Update: These stocks gained up to 9.70% on Wednesday
by 5paisa Research Team 03/11/2021

In today’s trade, the equity market closed on a negative note. BSE Capital Goods is the top gainer whereas, BSE Telecom is the top loser on Wednesday.

In today’s trading session, the Indian equity markets closed on a negative note. The Nifty 50 and BSE Sensex Index closed in red, down by 59.75 points i.e., 0.33% and 257.14 points i.e., 0.43%. Stocks pulling the BSE Sensex index up were Larsen & Toubro, Asian Paints, UltraTechCement, Bajaj Finance and SBI. Whereas, stocks that dragged the BSE Sensex down were HDFC Bank, ICICI Bank, Kotak Mahindra, Reliance Industries and Titan Company.

On Wednesday, the S&P BSE CAPITAL GOODS, S&P BSE Realty, S&P BSE Industrials and S&P BSE Metal closed up in green mark. BSE CAPITAL GOODS index consisting of stocks such as SKF India Ltd, Larsen & Toubro Ltd, Adani Green Energy Ltd, Finolex Cables Ltd and Siemens Ltd are top gainers up by 5.89%.

Today, S&P BSE Telecom, S&P BSE BANKEX, S&P BSE Auto and S&P BSE Consumer Durable are top losers and closed down in red mark. BSE Telecom that consists of stocks such as HFCL Ltd, Vindhya Telelinks Ltd, Tejas Networks Ltd and Reliance Communications Ltd are the top losers, shedding up to 3.74%.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Wednesday, 3 November 2021:

Sr No.         

Stock         

LTP          

Price Gain%         

1.         

Soma Textiles and Industries Ltd  

9.05  

9.70  

2.         

Visagar Polytex Ltd  

0.80  

6.67  

3.         

IND Swift Ltd.  

11.55  

5.00  

4.         

Sakuma Exports Ltd  

11.55  

5.00  

5.         

VIP Clothing Ltd  

18.90  

5.00  

6.         

Ducon Infratechnologies Ltd  

10.55  

4.98  

7.         

Servotech Power Systems Ltd  

19.05  

4.96  

8.         

Hindustan Motors Ltd  

12.80  

4.92  

9.         

 Sintex Industries Ltd  

6.40  

4.92  

10.         

Atlanta Ltd  

17.10  

4.91  

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Watch out for these trending smallcap stocks

Watch out for these trending smallcap stocks
by 5paisa Research Team 03/11/2021

The market remained choppy on Wednesday even as Nifty struggled to close above the crucial 18000 mark. The hesitation of the markets to close above 18000 levels is not comforting for bulls at his point in time. If Nifty managed to close below the crucial 17750, we may test 17600.

It is important for the markets to trade above the crucial 18000 levels to gain positive momentum. BSE SmallCap index underperformed in Wednesday trading session even as real estate stocks and PSU stocks outperformed markets. 

WPIL, Ind-Swift Lab, GRSE, Sobha Developers and Barbeque Nation remained the top BSE Smallcap Index gainers on Wednesday.

52 Week High stocks: Manaksia Coated, Barbeque Nation, Shiva Mills, Mazgaon Dock, Jindal Poly Investments, Sikko Industries, Automotive Stamp, Jindal Photo, Nandan Denim and Arvind SmartSpaces made a fresh 52-week high on Wednesday. These stocks will be on investors watchlist in the coming week as well as on Muhurat Trading.

Golden Crossover: The shares of Shriram Transport Finance Company, Atlas Jewellery India and Anchal Ispat have made a Golden Crossover recently. Golden Crossover is considered bullish for the underlying stocks. These stocks will be on the watchlist of investors.

Upper Circuit Stocks: The shares of Tata Tele, MBL Infra, VIP Clothing, Digicontent, Gokuldas Exports, Sakuma Exports, Lyka Labs and Gokul Agro Resources were locked in the upper circuit on Wednesday. These shares will be on the watchlist of investors.

Price Volume Breakout: Oswal Greentech, Sarla performance Fibres, Garden Reach Shipbuilders, International Combustions (India), eClerx Services, Nile, Khadim, Ador Fintech, Zenotech Laboratories, Dolat Investments, KPR Mills, Linc Pen & Plastics and Shiva Textyarn Ltd are some of the smallcap stocks that saw a price volume breakout on Wednesday. These shares will be on investors radar on Thursday and next week as well.

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These stocks are likely to be in focus on November 8

These stocks are likely to be in focus on November 8
by 5paisa Research Team 03/11/2021

On Wednesday, the benchmark indices witnessed profit booking because of weak global market cues and stretched valuations.

At close, the Sensex was down 257.14 points or 0.43% at 59,771.92, and the Nifty was down 59.80 points or 0.33% at 17,829.20. About 1509 shares have advanced, 1662 shares declined, and 143 shares are unchanged.

On the sectoral front, the auto, bankex, consumer durables and telecom indices declined over 1% while realty and capital goods index zoomed beyond 2%. The indices in broader markets, BSE Smallcap index and BSE Midcap index ended 0.22% and 0.33% lower.
 

Watch out for these stocks for Monday’s trading session.

Lupin - The company announced the launch of the authorized generic version of Antara (Fenofibrate) Capsules, 30 mg and 90 mg, of Lupin Atlantis Holdings, S.A. Corporation, a wholly-owned subsidiary of Lupin. Fenofibrate is an oral medication of the fibrate class used to treat abnormal blood lipid levels. Keep a watch on this stock on Monday.

Bharti Airtel– The company declared its quarterly results for the quarter ended September 30, 2021. On a consolidated basis, the net profit zoomed 300% sequentially to Rs 1,134 crore in Q2 FY22. The net profit adjusted for the one-time spectrum sale gain and tariff hikes undertaken in August stood at Rs 594 crore. Consolidated revenues on a sequential basis were up 6% at Rs 28,326 crore. Meanwhile, the consolidated EBITDA of Rs 14,018 crore was up 6.2% compared to the previous quarter. Keep an eye on this stock on Monday.

52-week high stocks – From the Sensex pack, the stocks of Larsen & Toubro and SBI have been catching attention on Wednesday. They have made a fresh 52-week high in Wednesday's trading session with Larsen & Toubro gaining up to 4.25%. Keep a watch on these stocks on Monday.

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Check out the biggest mid-cap gainers since Diwali 2020

by 5paisa Research Team 03/11/2021

India’s stock markets have offered rich rewards to investors since Diwali 2020 in spite of a slowdown in the economy due to the Covid-19 pandemic. And it’s not the blue-chip stocks that have gained the most over the past year.

In fact, mid-cap and small-cap stocks have raced ahead of large-cap stocks since the last Diwali. However, a little bit of caution has set in over the past few weeks as is evident from a pullback in benchmark indices.

Analysts say that high-quality mid-cap and small-cap companies are likely to do well in the coming year, too, and that the broader outlook remains positive. On the flip side, the stock market’s gains over the next year may not be as high as the past year especially as the US Federal Reserve looks to start tapering its monetary stimulus.

The BSE’s 30-stock benchmark Sensex has climbed 37% since last Diwali, on November 14, 2020, while the National Stock Exchange’s Nifty 50 has surged 39%.

In comparison, the BSE mid-cap index has jumped 60% while the BSE small-cap index has soared 80%, stock-exchange data show.

Almost a dozen and a half mid-cap stocks have risen 100% or more since Diwali 2020. These include six state-run companies such as online train ticketing venture IRCTC Ltd.

JSW Energy led the pack of mid-cap companies with the most gains. The electricity arm of billionaire Sajjan Jindal-led JSW Group has surged 418% since last Diwali. The gains would have been higher but for a 19% correction since it touched a high of Rs 408 apiece on October 14.

Tata Power Company gained more than 300% to rank second on the list while software services company Mindtree jumped more than 260%. Two other companies related to the power sector were among the top 10 mid-cap gainers. These were Adani Power and state-run equipment maker Bharat Heavy Electricals Ltd. Both these companies gained more than 150%.

Steel Authority of India Ltd and IRCTC surged over 200%. IRCTC’s gains would have been higher had it not lost nearly a third of its value over the past fortnight, due partly to a policy flip-flop by the government.

Mphasis, Oil India, Godrej Properties, Canara Bank, Oberoi Realty, Astral Ltd, ABB India, Bharat Electronics, Gujarat Gas and SRF are the other mid-cap stocks that have at least doubled in value since Diwali 2020.

Small caps

More than 300 small-cap stocks have also surged over 100% since last Diwali. Brightcom Group and Nahar Spinning Mills topped this list after advancing 1,200-1,400% each.

JTL Infra, GRM Overseas, Tata Teleservices, Ganesh Housing, RattanIndia Enterprises Goldiam International and Elecon Engineering are among the other small-cap stocks that jumped more than 500% each over the past year.

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