Nifty 17401.65 (1.37%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.39%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

Opening Bell: Here’s what you need to know before the market opens on October 13, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 13, 2021.
by 5paisa Research Team 13/10/2021

Momentum likely to continue on D-Street, Retail inflation eases in September and IMF retained India’s growth at 9.5%. IT stocks would be in limelight as Infosys and few other notable names set to announce their quarterly earnings.

In the last trading session, the fag-end buying helped Indian benchmark indices to extended their winning streak for the fourth straight day on Tuesday. If we go by the early action in the SGX Nifty, it indicates that the markets are likely to pick up from where they had left in the last trading session. Nifty may open around 18,052 up by 48 points. But the question on everyone's mind is, what is helping the cause? The answer, the incoming macro data, which is certainly a cheerful one as retail inflation (CPI) for September eased to 4.35% vs 5.3% MoM. IIP for August came in at 11.9% vs 11.5% MoM, and cheery on the top is that the International Monetary Fund (IMF) report, where they retained India’s growth forecast at 9.5% for the FY 2021-22, while it is a trimmed forecast for the global economy.

Cues from Asian markets: It was a wobbly Wednesday for the Asian markets as Japan’s Nikkei 225 and China’s Shanghai Composite was down by 0.09% and 0.48%, respectively.

Overnight cues from US markets: All the three US stock indices spent a major part of Tuesday’s trading session hovering near the neutral line, but eventually ended the day with meagre losses. As a result, US stocks indices ended in red for the third straight day. The Dow dropped 0.3%, while the S&P 500 and tech-heavy Nasdaq slipped 0.2% and 0.1%, respectively. Going forward, market participants would look forward to the start of earnings season on Wednesday and the near-term movement of the markets would be dictated by their outcome.

Last session summary: After oscillating between positive and negative terrain, key equity benchmarks witnessed a strong rebound from lower levels, which helped in closing the session near the intraday high levels on Tuesday. The Nifty settled just shy of the 18,000 mark, while Sensex closed within striking distance of the 60,300 mark. The broader markets outperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 rising by 0.55% and 0.80%, respectively.

Among sectoral indices, barring Nifty IT all other sectoral indices ended in positive terrain with Nifty PSU Bank advancing more than 3% to emerge as the top gainer.

FII’s and DII’s activity on Tuesday: Yet another day of selling was seen from both the FIIs and DIIs. FIIs were net sellers to the tune of Rs 278.32 crore, while the DIIs were net sellers to the tune of Rs 741.22 crore. 

Important events to watch out for: On the earning front, Infosys, Wipro and Mindtree will be in focus.

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India Vs UK stock market – who rules, who wins? How the tables have turned | 5paisa Research

by 5paisa Research Team 13/10/2021

Indian Equity Market has shown an aggressive growth even after the economy was beaten down by the pandemic. The Indian equity market has soared from its lows of March 2020, edging to beat the UK equity market in terms of market value and cut the chase to be among the top 5 world equity markets.

Image removed.

As per the Bloomberg data of the combined value of companies with a primary listing alone, the Indian equity market value stands at $3.46 trillion, representing a 37% surge this year. While the UK market value stood at $3.59 trillion representing only a 9% surge for the same period of time. These numbers exclude the secondary listings and depositary receipts, which could show a far larger divergence between the two markets.

The boom seen in the Indian Equity Market was led by the higher growth potential of the Indian market, and IPO rush in the tech sector, with ample Indian startup companies going public. The latter has fueled the growth more, giving the developed markets a good competition, as the sentiment towards the Chinese markets seem to turn sour. Indian equity market strikes as a promising domestic stock market from among the developing nations. This potential was realised and backed by a stable and reformist political base.

The failure of the UK market to keep up with its stellar performance and hold its high horse is stained with the uncertainties with the Brexit concerns looming over it.

The BSE index, S&P BSE Sensex, has outperformed the major national benchmarks and surged more than 130% since its March 2020 lows. The investors were handsomely rewarded with ~15% (in dollar terms) annualized RoE over five years which is more than double of U.K.’s benchmark FTSE 100 Index returns that clocked at 6%.

According to Goldman Sachs Group Inc., India will attain the $5 trillion dollar share market capitalization milestone by 2024. The IPOs introduced in the next 2-3 years, alone, would add a whopping $400 billion to the market value.

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5 Stocks to Buy Today: October 13, 2021

5 Stocks to Buy Today: October 13, 2021
by 5paisa Research Team 13/10/2021

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 13

1. Gujarat Fluorochemicals (FLUOROCHEM)

Gujarat Fluorochemicals Stock Details for Today

- Current Market Price: Rs. 2,167

- Stop Loss: Rs. 2,118

- Target 1: Rs. 2,225

- Target 2: Rs. 2,290

- 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. Vardhman Textiles (VTL)

Vardhman Textiles Stock Details for Today: 

- Current Market Price: Rs. 2,103

- Stop Loss: Rs. 2,045

- Target 1: Rs. 2,170

- Target 2: Rs. 2,232

- Holding Period: 1 week

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

 

3. Dilip Buildcon (DBL)

Dilip Buildcon Stock Details for Today: 

- Current Market Price: Rs. 696

- Stop Loss: Rs. 680

- Target 1: Rs. 719

- Target 2: Rs. 751

- 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. Canara Bank (CANBK)

Canara Bank Stock Details for Today: 

- Current Market Price: Rs. 187

- Stop Loss: Rs. 182

- Target 1: Rs. 193

- Target 2: Rs. 198

- 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. Laxmi Organic (LXCHEM)

Laxmi Organic Stock Details for Today: 

- Current Market Price: Rs. 563

- Stop Loss: Rs. 549

- Target 1: Rs. 581

- Target 1: Rs. 605

- Holding Period: 1 week

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

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Public Provident Fund: Investment avenue that offers EEE.

Public Provident Fund: Investment avenue that offers EEE.
by 5paisa Research Team 13/10/2021

PPF is backed by the Government of India which delivers tax efficient returns to investors. The prevailing rate of PPF is 7.1%.

Public Provident Fund (PPF) is one of the best ways to do asset allocation towards fixed income instruments. This is an instrument that offers tax efficient returns to its investors. PPF is backed by the Government of India and also provide a fixed rate which the government announces every quarter. The interest compounding is done annually. Currently, PPFs are providing a 7.1% rate of return. This scheme follows a capital protection strategy and therefore has a conservative approach by usually investing in money market instruments.

The return offered on PPF is amongst the best tax-free returns. It is one of the very few investment options that fall under the EEE tax regime.

Now the question arises, what is the EEE tax regime?

In simple terms, EEE is Exempt-Exempt-Exempt and specifies three kinds of exemptions in tax; first Exempt means an investment qualifies for deduction u/s 80C (subject to a limit of Rs 1.5 lakh a year). Second Exempt means an interest earned is exempt from tax and the third Exempt means there is no tax on the amount received on maturity of the account. We come to know that PPF is tax-free from investment to the withdrawal of the amount invested in PPF.

PPF have a lock-in period of 15 years. On maturity, the investor has the option of withdrawing the proceeds and close the account or extend the account for a block of five years or continue without contribution. The minimum annual investment required is only Rs 500 per annum, giving the investor freedom to invest as per his discretion and available resources. The maximum annual limit of investment is Rs 1,50,000 per annum. An investor has to at least invest a minimum amount every year in his account to keep the PPF account active.

No withdrawals are allowed during the first six years from opening the account. However, at any time after the expiry of six years from the end of the year in which the initial subscription was made, the subscriber/investor, if desires can withdraw from the balance amount to his credit. The amount should not be above 50% of the amount standing to his credit at the end of the fourth year and immediately preceding the year of withdrawal or balance at the end of the preceding financial year, whichever is lower.

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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 14, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 14, 2021.
by 5paisa Research Team 13/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Indiamart Intermesh, Hindustan Zinc and Trent.

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 the 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, will help traders to spot the superstar stocks for tomorrow at the right time!  

Here are the superstar BTST stocks for October 14, 2021.

Indiamart Intermesh: The stock has gained nearly 4.5% on Wednesday as a result it has formed a supersized bullish candle along with a surge in the volumes. The volume for the day has already surpassed its previous trading session. The RSI on an hourly and weekly time frame is in the 'super' bullish territory, while on the daily time frame it’s in bullish territory. The stock can probably test levels of Rs 9400 followed by Rs 9500 on the upside, while on the downside, support is seen around Rs 9060.

Hindustan Zinc: Shares of the company have jumped over 5% on Wednesday. The stock has formed a supersized bullish candle along with a surge in the volumes. Interestingly, almost two hours are remaining in Wednesday’s session and the stock has already surpassed the volume of its previous trading session. The 14-period RSI is in the super bullish territory on hourly and daily time frame. The stock has the potential to test levels of Rs 351 followed by Rs 357 on the upside. On the downside, the level of Rs 330 is likely to act as immediate support for the stock.

Trent: The stock has formed a sizable bullish candle on the daily chart and the volume for the day is greater than the last three trading sessions. The RSI on the hourly, daily and weekly chart is in super bullish territory. The stock has the potential to test levels of Rs 1270 and immediate support for the stock is placed at Rs 1160.

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These Penny Stocks are locked in the Upper Circuit on Wednesday, October 13.

These Penny Stocks are locked in the Upper Circuit on Wednesday, October 13.
by 5paisa Research Team 13/10/2021

The markets scaled new highs with auto stocks and banking majors contributing to the frontline indices gains on Wednesday. Mahindra and Mahindra is the top BSE Sensex gainer while Power Grid and Titan have gained by more than 3% each. Tata Steel is seen leading the metal pack on an intraday basis, up by 3%.

The broader market is seen outperforming the frontline indices with the BSE Midcap index up by 1.34% and SmallCap index up by 0.72%.

Tata Power is the top BSE Midcap index gainer, the stock is in the midst of an amazing upward rally from the past week. On Thursday, the stock is up by more than 13%, while BHEL has zoomed more than 8% and Indian Hotels which has soared by more than 5%.

Tata Group stocks are once again seen grabbing the headlines with Tata Motors up by 20%, Tata Chemicals and Tata Powers soaring by more than 10% each, Tata Consumer share price is seen jumping higher by more than 3% and Tata Steel also seen outperforming the markets on Wednesday on an intraday basis.

RIL is on the verge of a breakout and is seen gaining momentum with rising volume.

BSE Auto index, BSE Metal index, BSE Consumer Durables index, BSE Power index and BSE Industrial index are seen outperforming the markets on Wednesday. 

While action is seen across the board on Wednesday, several penny stocks were seen outperforming the markets.

Here is the list of penny stocks that are locked in the upper circuit on Wednesday:

This is the table code -

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Llyod Steels   

4.7  

4.44  

2  

Orient Green Power   

4.9  

4.26  

3  

Gayatri Highways   

0.8  

6.67  

4  

Raj Rayon   

0.45  

12.5  

5  

Vijay Finance   

1.95  

2.63  

6  

Indosolar Ltd   

2.85  

3.64  

7  

Indowind Energy   

9.35  

4.47  

8  

Grand Foundry   

3.75  

4.17  

9  

Ankit Metal Power   

2.8  

3.7  

10  

PVP Ventures   

5.6  

4.67  

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