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%)

Mutual funds have been purchasing these mid-cap stocks. Did you buy any?

by 5paisa Research Team 22/11/2021

Domestic mutual funds have become very significant players in the local stock market over the last few years given the rush of local liquidity. In fact, MFs are now almost as strong as foreign portfolio investors (FPIs) or foreign institutional investors (FIIs), which have been the driver of local bourses historically.

Indeed, the bull run of the past few months is largely attributed to the flow of cash into domestic mutual funds, which have pumped in a massive amount of money into the stock market.

However, Indian stock indices have been seeing a rush of money towards large cap stocks as investors, anticipating a correction, looked for safer investments rather than make riskier bets.

Although most local fund managers have been voicing concerns about valuations, quarterly shareholding data shows they pushed up their holding in over 200 listed companies. Of those, they increased their stake by two percentage points or more in around 18% of the companies.

In particular, they hiked stake in as many as 129 companies (as against 89 companies for FIIs) that have a valuation of $1 billion or more last quarter. Of these 129 companies, 67—or a little more than half—were mid-cap companies. In comparison, FIIs had increased their stake in 57 mid-cap stocks with a market valuation of Rs 5,000-20,000 crore last quarter. This shows local fund managers were more bullish about mid-cap counters than offshore investors.

Mutual fund managers were bullish on mid-cap banks, healthcare companies and drugmakers, NBFCs, automobile and auto component makers, real estate developers, and infrastructure companies.

Some of these are the same as the sectors backed by FIIs last quarter—financial services, construction, engineering and industrial.

Top mid-caps that saw MF buying

If we look at the pack of mid-caps with market cap between Rs 5,000 crore and Rs 20,000 crore, then MFs pushed up their stake in Indian Bank, Thermax, Prestige Estates, GR Infraprojects, Phoenix Mills, Gujarat State Petronet, Sundram Fasteners, Manappuram Finance, Sheela Foam and WABCO India.

Among others where MFs bought shares were Radico Khaitan, Poonawalla Fincorp, Century Plyboards, Timken India, Apollo Tyres, Birlasoft, Suven Pharma, Zydus Wellness, JB Chemicals, Cyient, KEC International, Bajaj Electricals, BASF India, RBL Bank and Narayana Hrudayalaya.

GR Infraprojects, Bajaj Electricals and Narayana Hrudayalaya were mid-cap stocks that figured among the buy calls of both FIIs and domestic MFs.

Further lower down the order were stocks like, City Union Bank, Amber Enterprises, Sterlite Tech, Birla Corp, V-Guard, Mahindra CIE, KIMS, Blue Star, Ratnamani Metals and MCX.

Meanwhile, in at least 13 mid-caps, mutual funds bought an additional stake of 2% or more last quarter. This pack includes GR Infraprojects, Can Fin Homes, MCX, Tatva Chintan Pharma, KIMS Hospitals, Apollo Tyres, Birlasoft, Manappuram Finance, Chalet Hotels, J B Chemicals, RBL Bank, Mahindra CIE Automotive and Indiabulls Real Estate.

GR Infraprojects and Indiabulls Real Estate had also significant buying by FIIs.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 22/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Archidply Industries Limited, Esab India, and Greenpanel Industries

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: 

Archidply Industries Limited: The stock gained a 4.84% on Monday when there was blood on the street. The stock is trading strong since few days as the volumes keep on rising. It trades near its all-time high of 46. RSI is above 70 showing bullishness. With the kind of momentum it is showing, once can witness the stock breaking its all-time high levels. Traders must try for make use of this momentum to their benefit.

Esab India: The stock rose more than 4% on bleeding Monday. It looks to gain momentum as it hovers around its all-time high level of 2900. It took the support of 20-DMA before bouncing back. RSI shows good strength at 63. Also, above average were recorded in the stock today. One should closely keep a watch on this stock.

Greenpanel Industries: The stock gained 4% on trading session ended Monday. The stock flat to negative throughout the day but then huge buying was seen towards the end.  It took the support of 50-DMA before bouncing back as it looks to gain momentum. Today’s volume was almost two times the yesterday’s volume. The RSI still shows the strength in the stock as it lies on 56.  It closed above its 20-DMA today and looks good for short term. The stock is an ideal candidate for swing trade.

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Trending stocks: Keep a close eye on these small-cap stocks for 23 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 23 November 2021
by 5paisa Research Team 22/11/2021

The following small-cap stocks have made fresh 52-week high today – Art Nirman, Goldstone Technologies, Omkar Speciality Chemicals, Thomas Scott (India), Elecon Engineering Company, Expleo Solutions and Tanla Platforms.

Markets on Monday ended in the red territory, with headline indices Sensex and Nifty 50 slipping by 1.96% each. The Nifty Smallcap 100 index plunged by 2.74% to end at 10,734.05. Indian Bank, Century Plyboard, EID Parry and Dilip Buildcon were among the top losers.

Keep a close eye on these trending small-cap stocks for Tuesday, 23 November 2021:

Amber Enterprises India – The company and its subsidiary IL JIN Electronics India Private Limited (“IL JIN”) have received approval from the Ministry of Commerce & Industry under the Production Linked Incentive Scheme for White Goods (Air Conditioners). Approved application details include a threshold incremental investment of Rs 300 crore and Rs 100 crore for both the above-mentioned companies.

To quote Jasbir Singh, Chairman and CEO of Amber Enterprises India from a filing with the exchange, “We believe, with the opportunity in hindsight, our constant endeavour would be to increase penetration and increase our wallet share with the existing customers and acquire new customers and increase export penetration, as we will become more competitive with this PLI incentive and R&D capabilities.” 
 

Intellect Design Arena – The company has announced that the Intellect Digital Core-powered Cater Allen has won the prestigious IBSi NeoChallenger Bank Award in the consumer banking segment. Cater Allen has also been named as the best NeoChallenger Bank in the European Region.
 

To quote Rajesh Saxena, CEO, Intellect Global Consumer Banking, from a filing with the exchange, “Europe is a key market for us and we are confident that our strategic investments in creating state-of-the-art solutions, regional innovation hubs, delivery centres, and talent pool will enable more of our customers in the region to establish market leadership.” 

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Art Nirman, Goldstone Technologies, Omkar Speciality Chemicals, Thomas Scott (India), Elecon Engineering Company, Expleo Solutions and Tanla Platforms. Keep a close eye on these counters on Tuesday, 23 November 2021.

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 22/11/2021

Balrampur Chini Mills Ltd., Carborandum Universal Ltd., and Emami Limited have witnessed volume burst in the last 75 minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Balrampur Chini Mills Ltd.: The stock gained a healthy 1.16% on Monday when the overall market was bleeding. The stock traded in negative the whole day except for the last 75 minutes where it shot up about 4.5%. Almost 50%of today’s volume came from the last hour of the session. The stock took support of its 200-DMA before bouncing back. The stock can be in trading radar for days to come.

Carborandum Universal Ltd.:  The stock closed in 0.94% down. That’s still a better result considering how the market was reacting. The stock was trading in about 2% lower when some buying emerged towards the end. High volumes were recorded in the last 75 minutes which indicate institutional activity. As the stock nears its all-time high, it would be interesting to see how the stock performance given the bad market condition.

Emami Limited: Emami rose 2.83% on Monday with good volumes. The stock trades below its 200-DMA and has corrected quite significantly from its 52-week high. It made a strong bullish candle after a very long time near its 200-DMA as it looks for a reversal. The stock shot up nearly 4% in the latter half of the session and more than 60% of today’s volume was recorded during this period. Traders must watch this stock closely as we can see a sign of reversal.

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Sensex, Nifty slump but check out the stocks that bucked the bearish trend

by 5paisa Research Team 22/11/2021

Indian stock markets slumped nearly 2% on Monday, pushed down by weak global cues and several local factors including weakness in Reliance Industries and One97 Communications Ltd, which owns Paytm.

The BSE’s 30-stock benchmark Sensex fell 1,170.12 points, or 1.96%, to close at 58,465.89. The NSE’s Nifty 50 dropped 348.25 points, or 1.96%, to 17,416.55. Market breadth was negative with 41 of the Nifty’s 50 stocks and all but three of the Sensex’s 30 stocks losing ground.

Mid-cap indices lost even more, with the BSE Mid-cap Index falling 2.62% while its Nifty Midcap 50 declining 2.96%.

Elsewhere in Asia, stock markets were mixed. While Hong Kong stocks fell, Shanghai markets rose and Japan was flat amid concerns related to inflation and Covid-19, especially after Austria decided to reimpose lockdowns.

In India, all eyes were on heavyweight Reliance Industries after the country’s biggest company scrapped a proposed multi-billion-dollar deal with Saudi Aramco. Reliance slumped 4.42%.

Paytm shares lost 13% after falling as much as 18.7% earlier in the day. The stock had plunged 27% on its debut Friday amid concerns of over-valuation and lack of a path to profitability.

However, some stocks in India bucked the trend and ended higher on Monday. Here’s a quick peek into these stocks.

Large-cap stocks

Mining giant Vedanta Ltd was the biggest large-cap gainer on Monday with its shares jumping 6.12% on the BSE. The stock benefited from news that the Supreme Court had allowed the government to sell its residual stake in Vedanta unit Hindustan Zinc Ltd.

Bharti Airtel was the second-biggest gainer after the telecom operator increased mobile tariffs by 20-25%. Airtel shares touched a record high in intraday trade and ended with a gain of 3.9%.

Indus Towers Ltd, the telecom tower company in which Airtel is the largest shareholder, rose 2.53%.

Other large-cap stocks that rose 1% or more were Asian Paints, JSW Steel and state-run Power Grid Corp. Piramal Enterprises, Havells, Hindalco, Cipla and Grasim were the other large-cap counters that ended in the green.

Mid-cap stocks

Telecom operator Vodafone Idea was the biggest mid-cap gainer, climbing 6.2%, as it also benefitted from positive sentiment toward mobile phone companies after Airtel’s tariff hike.

Emami Ltd, up 2.56%, and Gland Pharma, up 1.9%, were the other prominent mid-cap gainers.

Godrej Industries, JSW Energy, Procter & Gamble Health, Sun TV and IRFC were the other companies that gained in the mid-cap space. Overall, only nine of the 106 stocks that are part of the BSE Midcap managed to stay in the green.

Small-cap stocks

Elecon Engineering stole the limelight in the small-cap segment with its shares rising 6.13%. State-run MTNL came at No.2 with a gain of 5.84%.

ESAB India, Sastasundar, Trident, Brightcom Group, Tata Teleservices (Maharashtra) Ltd, Thermax, Shalimar Paints and HBL Power rose between 4.4% and 5.1%.

Overall, only 90 of the 894 stocks that are part of the BSE Smallcap Index clocked gains on Monday.

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Closing Bell: It's a bloodbath on Dalal Street as Indian markets witness the worst single-day fall in seven months

Closing Bell: It's a bloodbath on Dalal Street as Indian markets witness the worst single-day fall in seven months
by 5paisa Research Team 22/11/2021

Benchmark equity indices fell by almost 2% on Monday amid a sell-off in all the sectoral indices.

Domestic benchmark indices extended losses for a fourth straight session on Monday with Sensex and Nifty dropping the most in seven months, as investor sentiment was shaken after a weak listing of the country's biggest-ever Paytm's IPO. Also, adding to the woes was the rollback of three farm laws along with continuous selling by foreign institutional investors heightened volatility on Dalal Street. During today's trading session, the Sensex fell as much as 2.72% or 1,624 points and the Nifty 50 index briefly dropped below its important psychological level of 17,300.

At the closing bell on Monday, the Sensex was down 1,170.12 points or 1.96% at 58,465.89, and the Nifty was down 348.30 points or 1.96% at 17,416.50. On the market depth, around 842 shares have advanced, 2479 shares declined, and 157 shares remain unchanged.

Among the top Nifty losers on a bleeding day were Bajaj Finance, Bajaj Finserv, ONGC, Tata Motors and Reliance Industries, while top gainers included Bharti Airtel, Asian Paints, JSW Steel, Power Grid and Hindalco Industries.

Today all the sectoral indices ended in the red with realty, healthcare, auto, oil & gas, and the PSU bank indices down 2-4%. In the broader markets, the BSE midcap and smallcap closed down by 2-3%.

Among the trending stock of the day and also the top drag was Reliance Industries which added over 300 points to the fall. Reliance Industries came under selling pressure after the country's largest firm decided to mutually halt a stake sale in its oil-to-chemicals business (O2C) to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit. The stock closed 4.4% lower at Rs 2,363.

Paytm was also in the news today as the company's market capitalization or its market value dropped by as much as Rs 56,233 crore after its disastrous market debut on November 18. Paytm shares have crashed as much as 40% from their IPO price to hit a low of ₹ 1,283 in just two trading sessions. Market experts pointed at high valuations as the reason behind the spiralling downfall in the stock price.

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