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%)

RBI keeps interest rates on hold. 10 things you need to know

by 5paisa Research Team 08/10/2021

The Reserve Bank of India (RBI) on Friday kept the benchmark repo rate unchanged, even as it lowered its forecast for consumer price inflation and retained India’s gross domestic product (GDP) growth target at 9.5%.

Here are 10 important things that the central bank said in its latest bi-monthly monetary policy.

1) The Monetary Policy Committee (MPC) has kept the repo rate at 4%, for the eighth straight time. The reverse repo rate will continue to be at 3.35%.

2) The MPC has maintained an “accommodative” stance as far as its outlook goes.

3) Since March 2020, the month India went into a nationwide lockdown to control the spread of Covid-19, the repo rate has been brought down by 115 basis points. Since 2019, the rate is down 135 basis points. 

4) Food inflation is likely to remain muted, the central bank’s governor Shaktikanta Das said.

5) Real GDP growth for the first quarter of FY2022-23 is pegged at 17.2%.

6) RBI retained gross domestic product (GDP) growth target at 9.5% for FY2021-22.

7) RBI lowered CPI inflation projections to 5.3% for this fiscal year from the earlier estimate of 5.7%.

8) The RBI wants a framework for retail digital payments in offline mode to be instituted. It also wants a framework on geotagging technology on all payment infrastructure, existing or new.

9) RBI said a new internal Ombudsman Scheme for addressing grievances of customers of non-banking finance companies will be set up.

10) Transaction limit for Immediate Payments Service (IMPS) has been hiked to Rs 5 lakh from Rs 2 lakh. 

Next Article

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
There is some issue, try later
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order

These Penny Stocks are locked in the Upper Circuit on Friday.

These Penny Stocks are locked in the Upper Circuit on Friday.
by 5paisa Research Team 08/10/2021

Penny stocks reflect the market sentiment to an extent. When you have a broad-based outperformance in penny stocks, you can say that a risk-on rally is happening in the markets.

The Sensex is trading with gains above 400 points and is comfortably sustaining above the crucial 60000 levels.

The IT stocks are catching investors’ attention on Friday with Mindtree and Persistent Systems gaining by more than 5% each on an intraday basis. IT bellwether Infosys and TCS feature amongst the top Sensex gainers on Friday.

BSE IT index is the top sectoral gainer followed by the BSE Metal index. The metal index is supported by Tata Steel, after gaining more than 2%, and is also the top Sensex gainer.

The broader markets however are seen underperforming the frontline indices on Friday.

The market is also cheering the announcement by the RBI where the rates have been kept unchanged. A favourable than anticipated inflation trajectory and downward revision of CPI at 5.30% has allayed any fears of near-term rate hikes. The Governor has assured the markets of ample liquidity while announcing higher VRRRs to absorb the excessive systemic liquidity. The market expected the accommodative stance to continue by the RBI.

With positive sentiment in the market, further supported by the RBI announcement, several penny stocks are outperforming the market on Friday. Few of the trending penny stocks are seen locked in the upper circuit.

Here is the list of penny stocks that are locked in the upper circuit in Friday's trading session:

Sr No   

Stock Name   

LTP   

Price Gain (%)  

1  

JD Power   

5.2  

19.54  

2  

SITI Networks   

2.4  

4.35  

3  

FCS Software   

1.4  

3.7  

4  

Orient Green Power   

4.1  

9.33  

5  

JP Associates   

9.45  

5  

6  

Lloyd Steels  

4.1  

3.8  

Next Article

Top ten companies where FIIs increased their stake sequentially.

Top ten companies where FIIs increased their stake sequentially.
by 5paisa Research Team 08/10/2021

There is no direct correlation between the rise in FIIs holding and share price performance at least in a shorter duration.

Big investors such as mutual funds and FIIs are considered smart investors. Any increase in their activity gives retail investors an indication that the company is likely to perform better going ahead and there is a likely increase in its share prices. Hence, we thought of analysing the companies where foreign institutional investors (FIIs) have increased their stake in the June 2021 quarter (quarter-on-quarter). We have not applied any filtration other than the increase in FIIs holding on a Q-o-Q basis. Therefore, companies with different market caps have appeared on the list.
 

Stock Name  

FII holding change QoQ %  

Shareholding Date  

YTD Change (%)  

Sakar Healthcare Ltd.  

8.76  

30-06-2021  

73.11  

5Paisa Capital Ltd.  

7.6  

30-06-2021  

52.99  

Kiri Industries Ltd.  

6.32  

30-06-2021  

-0.22  

Newgen Software Technologies Ltd.  

5.87  

30-06-2021  

109.72  

Paisalo Digital Ltd.  

5.84  

30-06-2021  

42.7  

Finkurve Financial Services Ltd.  

5.44  

30-06-2021  

17.13  

Choice International Ltd.  

5.02  

30-06-2021  

18.26  

Capacit'e Infraprojects Ltd.  

4.99  

30-06-2021  

3.02  

SE Power Ltd.  

4.99  

30-06-2021  

194.12  

Coforge Ltd.  

4.8  

30-06-2021  

107.47  

Sakar Healthcare that is listed on NSE has witnessed the highest rise in the holdings by FIIs on a sequential basis. They have increased their stake by 8.76 per cent. The stock is very volatile and was down by 24 per cent in the month of August 2021.

Nevertheless, its year till date share price is up by 73% due to better performance in the earlier part of the year. It is still down by 18% from the high reached earlier this year.

There is no direct correlation between the rise in FIIs holding and share price performance at least in a shorter duration.

For example, Kiri Industries Ltd and Capacit'e Infraprojects are the two companies where FIIs have increased their stakes, however, their price performance is dismal. SE Power, a penny stock, whose share price has more than doubled since the start of the year has seen FIIs increase stake by almost 5%.

Next Article

This top multibagger from the plastic pipe sector gained by 162% in one year.

Multibagger Alert: This top multibagger from the plastic pipe sector gained by 162% in one year.
by 5paisa Research Team 08/10/2021

Astral, with Ranveer Singh as its brand ambassador, has more than doubled shareholders’ wealth in just a year.

Astral Ltd has emerged as one of the most trusted brands in the pipes and adhesives segment. However, it is quickly becoming the most trusted stock when it comes to rewarding shareholders. The stocks of Astral Ltd have become the top multibagger in the plastic products industry.

Over the trailing twelve months from October 7, 2021, the stock has multiplied shareholders’ investment by over 2.6x. On October 5, 2021, it created a new 52-week high of Rs 2,431.90 on BSE.

The fundamental story of this multibagger stock has been like never before. It witnessed one of the best ever financial performances in its history for FY21. The YoY net sales jumped by 23.2% to Rs 3,176 crore in FY21. The economies of scale fueled the margins and boosted EBITDA growth by 46.8% to Rs 668 crore. The net profit too improved to Rs 415 crore, growth of 65% due to shifted focus on selling high margin products.

The company initially started off with the business of pipes and fitting but eventually ventured into adhesives, infrastructure and water tanks. In 2020, it forayed into the water tank business to explore the huge 'tank' of opportunities worth Rs 65,000, with the acquisition of brand ‘Sarita’. The pipes sector is expected to grow at a CAGR of 11.3% over the next five years. This multibagger company has also been focused on building a strong brand proposition through marketing activities such as hosting Ranveer Singh as its brand ambassador, being official partners and sponsors to IPL teams like Mumbai Indians and Delhi Capitals.

While IT, pharma, FMCG have been the saviours for markets over the past year and have been the highlights, this sector too has shown promise and should be on your watchlist.

Next Article

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 08/10/2021

List of top 5 gainers and losers in the Mid-cap and Small-cap segments during the first week of October 2021.

With the vaccination pace gathering further momentum along with the lowest Covid-19 cases for the past few months across the country, the stock market witnessed another rally this week. During the period from Friday i.e. October 1 to October 7, the Nifty 50 index rallied 1.47% from 17,532.05 to 17,790.35. Similarly, the BSE 500 index showed a gain of 1.87% from 23,873.27 to 24,321.31. There was an important announcement from the RBI Governor Shaktikanta Das where he kept the repo rate, reverse repo rate and CRR unchanged, thereby, further creating a positive atmosphere in the Indian markets which led to a rally on Friday.
 

 

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

Top 5 gainers (Mid cap) 

Percentage returns 

Chemplast Sanmar Ltd. 

23.69 

National Standard (India) Ltd. 

21.55 

Brightcom Group Ltd. 

21.42 

Nazara Technologies Ltd. 

16.36 

Dilip Buildcon Ltd. 

15.67 

The top gainer in the Midcap segment was Chemplast Sanmar Ltd The shares of the company delivered a return of 23.69% during the first week of October. The share price of the company rose from Rs 601 to Rs 743.70 during the period. The recently (re)listed Chemplast Sanmar spurted due to overall buoyant sentiment towards speciality chemical stocks and a positive rating from Crisil.

Demand from domestic as well export markets is increasing at a faster clip as production is shifting to India. Also, the recent power crises in China added to the rally in chemical stocks.

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

Top 5 losers (Mid Cap) 

Percentage returns 

CG Power and Industrial Solutions Ltd. 

-6.51 

Angel One Ltd. 

-5.65 

Hikal Ltd. 

-5.63 

JB Chemicals & Pharmaceuticals Ltd. 

-4.47 

Tube Investments of India Ltd. 

-4.38 

CG Power and Industrial Solutions Ltd topped the group as the top loser in the Midcap this week. The shares of the company declined 6.51% from Rs 124.25 to Rs 116.80.

Let us move towards the top 5 gainers in the Smallcap segment:

Top 5 gainers (Smallcap) 

Percentage returns 

Yasho Industries Ltd. 

36.9 

Patel Engineering Ltd. 

36.16 

IG Petrochemicals Ltd. 

30.76 

Suven Life Sciences Ltd. 

27.58 

Best Agrolife Ltd. 

26.85 

 

Yasho Industries Limited topped the group in the Smallcap space with a gain of 36.9% returns in one week. As all the chemical stocks rallied this week due to positive sentiments in the industry and the China power outbreak, this smallcap was no exception. This fundamentally strong chemical company rallied from Rs 903 to Rs 1,235 this week.

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

Top 5 losers (Smallcap) 

Percentage returns 

Mishtann Foods Ltd. 

-9.91 

Surya Roshni Ltd. 

-8.85 

Solara Active Pharma Sciences Ltd. 

-7.94 

Acrysil Ltd. 

-5.8 

Titagarh Wagons Ltd. 

-4.9 

As smallcap stocks are known for their volatility, this stock of Mishtann Foods Ltd was down by 9.91% this week. The share price went down from Rs 23.20 to 20.95 this week, thereby topping the list of the top losers in the smallcap segment.

Next Article

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 9, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 9, 2021.
by 5paisa Research Team 08/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Route Mobile, Reliance Industries and Bank of Baroda. 

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 9, 2021. 

Route Mobile: The stock has jumped 4% on Friday. It has formed a bullish candle and witnessed a breakout of horizontal trendline along with a huge surge in volume. Interestingly, almost two hours are remaining in Friday’s session and the stock has already surpassed the volume of its previous trading session, in fact, volumes are highest since September 15. The RSI on an hourly, daily and weekly time frame is in the bullish territory. The stock can probably test levels of Rs 2175 followed by Rs 2200 on the upside, while on the downside, support is seen around Rs 2070.

Reliance Industries: The stock has gained over 3% on Friday. The daily volume so far has already surpassed its previous day volume and it is the highest in the last three days. The 14-period RSI is in the bullish territory on hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 2700 followed by Rs 2740 on the upside. On the downside, the level of Rs 2640 is likely to act as immediate support for the stock. 

Bank of Baroda: 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 90 and immediate support for the stock is placed at Rs 83.5.