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%)

These Penny Stocks were locked in the Upper Circuit on Monday.

These Penny Stocks were locked in the Upper Circuit on Monday.
by 5paisa Research Team 12/10/2021

The frontline indices traded at all-time highs while Nifty 50 traded above 18000 levels for the first time. It took only 28 days for Nifty to jump from 17000 levels to 18000 level. The BSE Sensex managed to close above the crucial 60000 level in Monday's trading session even as the broader markets outperformed the frontline indices.

BSE Smallcap index was up by 0.60% while the BSE Midcap index gained by 0.55%.

The Auto stocks posted a stellar performance on Monday. Maruti was the top BSE Sensex gainer, up by 3.66% while Tata Motors zoomed by more than 9%. M&M gained by more than 2% while Bajaj Auto was up by 0.97%.

TCS, Infosys and HCL Technology were the top BSE Sensex losers in Monday's trading session.

BSE Auto index was up by 2.50%. BSE Power index gained 2.63%, BSE Realty index was up by 1.70%, BSE Metal index surged by 1.77% while BSE Bankex soared by 1.47%.

Nifty closed in green although it lost more than half of its intraday gains. This is now the third consecutive session where Nifty has closed in green. PSU stocks were seen outperforming on Monday. It is now expected that Nifty consolidates at these levels before moving up. The advance-decline ratio was in favour of the advances.

Several penny stocks were seen locked in the upper circuit even as the frontline indices made all-time highs on Monday.

Following is the list of Penny Stocks that were locked in the upper circuit on Monday: 

This is the table code -

Sr No   

Penny Stocks   

LTP   

Price Gain (%)  

1  

Urja Global   

8  

9.59  

2  

Orient Green Power   

4.5  

9.76  

3  

Suzlon Energy   

7.65  

4.79  

4  

SITI Networks   

2.5  

4.17  

5  

JP Associates   

9.9  

4.76  

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Rakesh Jhunjhunwala’s Akasa Air all set to take off. All you want to know

by 5paisa Research Team 12/10/2021

Stock market big bull Rakesh Jhunjhunwala, who recently had a private meeting with Prime Minister Narendra Modi, is set to fly high—literally. 

Akasa Air, an upcoming airline in which Jhunjhunwala is one of the principal shareholders, has received the no-objection-certificate (NOC) from the civil aviation ministry, which is headed by Jyotiraditya Scindia. 

The new airline comes at a time when the travel and tourism sector has just started recovering after a prolonged slowdown due to restrictions imposed to curb the spread of the Covid-19 pandemic.

Here’s all you need to know about the new airline.

Who will operate Akasa Air?

Akasa Air will be owned and operated by SNV Aviation Pvt Ltd. 

By when will the airline take to the skies?

The company said Monday that it will be operational by the summer of 2022. It said it is working with the regulatory authorities on all additional compliances required to successfully launch Akasa Air.

Who are the investors behind Akasa Air?

Apart from Jhunjhunwala, Akasa Air is also reportedly backed by former IndiGo president Aditya Ghosh as well as former Jet Airways chief executive officer Vinay Dube.

IndiGo is the country’s biggest airline at present. Jet Airways was promoted by businessman Naresh Goyal but was grounded in April 2019 because of high debt. It is all but defunct as plans to revive it have not fructified till now. 

News reports have said that Jet Airways could restart operations next year under a consortium comprising the UAE-based investor Murari Lal Jalan and the UK-based Kalrock Capital.

What business model is Akasa Air likely to follow?

Akasa Air will likely be an ultra-low-cost carrier (ULCC). A ULCC airline operates with a low-cost business model and has both lower unit costs and revenue compared to low-cost carriers (LCCs) and full-service carriers (FSCs).

According to a report by the Mint newspaper, ULCCs such as Ryanair and Spirit Airlines represent a business model that is different from the LCC model followed by IndiGo.

ULCCs often opt for unbundling of fares, making tickets cheaper than those of LCCs. Any extras such as baggage, selecting one’s seat or food are subject to a charge, Mint said. These airlines also typically have cheaper operating costs as they operate out of secondary airports and have lower distribution costs.

India’s aviation sector is currently dominated by low-carrier IndiGo, which is operated by Mumbai-listed InterGlobe Aviation Ltd. Other local airlines in India include SpiceJet, GoFirst and Tata Group-run Air Asia India as well as Vistara. Tata Group is also taking over state-run Air India.

How well is the ULCC model likely to succeed?

That depends on the cost structure, which in India, is higher than that in the US or Europe. This could negate any advantage the ULCC might have been able to generate over the LCCs or even full-service carriers. 

How big could Akasa Air’s fleet size be?

A report in the news website The Print said that Akasa Air could have a fleet size of 70 aircraft in four years, comprising Boeing 737 Max jets. This, the report said, could give Boeing a foothold in the Indian market, which is currently dominated by rival Airbus. 

An order for 70 units of 737 Max-8 jets — the most popular model — would be valued at $8.5 billion at sticker prices, although discounts are common in large plane orders. Boeing is likely to offer steeper-than-usual discounts on this deal, The Print reported.

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Worst performing Largecap funds.

Worst performing Largecap funds.
by 5paisa Research Team 12/10/2021

Read on to find if you hold these worst performing large-cap funds in your portfolio. 

We are in the midst of one of the best bull market run ever seen. Every equity indices barring few have more than doubled in last one and half year. Frontline equity indices, Sensex and Nifty are above the psychological level of 60,000 and 18,000. Despite such optimism in the direct equity market, there has been some dampening news coming from the equity dedicated mutual funds.

According to its half-yearly report, S&P Indices Versus Active (SPIVA) 86% of large-cap equity schemes of mutual funds underperformed the indices during the one year to June 2021. As of date, the large-cap funds on average have generated a return of 52.07% compared to 53.13% by large-cap indices such S&P BSE 100 – TRI and NIFTY 50 – TRI.

We have listed out the worst-performing large-cap (Regular Plan) dedicated funds.

The following table shows the worst-performing large-cap funds in the last one year.
 

This is the table code -

Funds  

Fund Manager  

AUM(in Rs. cr)  

ExpenseRatio (%)  

Inception Date  

Benchmark Index  

 NAV (Rs)  

Return (%)1 yr  

JM Large Cap Fund(G)  

Satish Ramanathan  

50.4  

2.43  

01-Apr-95  

S&P BSE SENSEX - TRI  

99.12  

38.09  

Taurus Largecap Equity Fund-Reg(G)  

Ankit Tikmany  

33.8  

2.61  

28-Feb-95  

S&P BSE 100 - TRI  

105.2  

39.91  

Indiabulls Blue Chip Fund(G)  

Sumit Bhatnagar  

106.2  

2.43  

10-Feb-12  

NIFTY 50 - TRI  

29.38  

41.78  

IDFC Large Cap Fund-Reg(G)  

Sumit Agrawal  

897.5  

2.36  

09-Jun-06  

S&P BSE 100 - TRI  

50.28  

44.19  

DSP Top 100 Equity Fund-Reg(G)  

Vinit Sambre  

2982.5  

2.06  

10-Mar-03  

S&P BSE 100 - TRI  

301.99  

45.7  

HSBC Large Cap Equity Fund(G)  

Neelotpal Sahai  

796.8  

2.4  

10-Dec-02  

NIFTY 50 - TRI  

321.84  

47.35  

BNP Paribas Large Cap Fund(G)  

Karthikraj Lakshmanan  

1211.7  

2.26  

23-Sep-04  

NIFTY 50 - TRI  

142.05  

47.67  

PGIM India Large Cap Fund(G)  

Alok Agarwal  

354.3  

2.46  

30-Jan-03  

NIFTY 50 - TRI  

256.42  

47.79  

Axis Bluechip Fund-Reg(G)  

Shreyash Devalkar  

32212.6  

1.58  

05-Jan-10  

NIFTY 50 - TRI  

47.28  

47.89  

L&T India Large Cap Fund-Reg(G)  

Venugopal Manghat  

731.7  

2.47  

23-Oct-07  

S&P BSE 100 - TRI  

41.62  

48.54  

The above table shows some of the funds that performed well two years back, are now the laggard. Axis Bluechip Fund, which always topped the chart in terms of performance and has an AUM of more than Rs 32,000 crore has also underperformed its benchmark by almost 5%. This is despite the fund having one of the lowest expense ratios.

This is the right time for investors to go back and check their asset allocation and investigate more about the funds where they have invested. If they find their funds are permanently underperforming, they should make a switch.

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Top 10 Penny Stocks: These stocks are locked in the Upper Circuit on Tuesday, October 12.

Top 10 Penny Stocks: These stocks are locked in the Upper Circuit on Tuesday, October 12.
by 5paisa Research Team 12/10/2021

The markets are trading with volatility on Tuesday. On Monday, October 11 we saw Nifty testing 18000 levels. Some consolidation in the markets is expected this week.

Bajaj Auto is catching investors’ attention after gaining more than 3%. Titan is the top Sensex gainer, up by nearly 4% while Bajaj Finserv is soaring by more than 3% on an intraday basis.

The BSE Consumer Durable index is the top sectoral gainer today. IT stocks continue to underperform with HCL Technologies being the top BSE Sensex losers. The shares of HCL technology are down by 5%.

The broader markets are seen outperforming the frontline indices on an intraday basis on Tuesday.

BSE MidCap index is up by 0.15% supported by Jubilant Foods which has zoomed up by more than 6%. Castrol Industries and Indian Hotels are the other top BSE MidCap index gainer up by more than 4% each.

JSW Energy is the top BSE MidCap index loser today, on an intraday basis.

Several penny stocks are seen trending in Tuesday's trading session with a few of them locked in the upper circuit.

Following is the list of top-performing penny stocks that are locked in the upper circuit:

Sr No   

Penny Stock   

LTP   

Price gain (%)   

1  

Orient Green Power   

4.7  

4.44  

2  

JP Associates   

10.35  

4.55  

3  

SITI Networks   

2.6  

4  

4  

Gayatri Highways   

0.75  

7.14  

5  

Rohit Ferro-Tech   

10.15  

4.64  

6  

Indosolar Ltd   

2.75  

3.77  

7  

Raj Rayon   

0.4  

14.29  

8  

Eastern Silk   

5.55  

4.72  

9  

Rollatainers   

2.85  

3.64  

10  

Bhandari Hosiery   

4.1  

9.33  

11  

Neueon Towers   

2.7  

3.85  

12  

Indowind Energy   

8.95  

4.68  

13  

National Steel   

4.4  

10  

14  

Grand Foundry   

3.6  

4.35  

15  

GI Engineering   

3.8  

4.11  

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5 Stocks to Buy Today: October 12, 2021

5 Stocks to Buy Today: October 12, 2021
by 5paisa Research Team 12/10/2021

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 12

1. Kajaria Ceramics (KAJARIACER)

Kajaria Ceramics Stock Details for Today

- Current Market Price: Rs. 1,286

- Stop Loss: Rs. 1,252

- Target 1: Rs. 1,322

- Target 2: Rs. 1,357

- 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. Cummins India (CUMMINSIND)

Cummins India Stock Details for Today: 

- Current Market Price: Rs. 909

- Stop Loss: Rs. 883

- Target 1: Rs. 936

- Target 2: Rs. 965

- Holding Period: 1 week

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

 

3. Equitasbnk (EQUITASBNK)

Equitasbnk Stock Details for Today: 

- Current Market Price: Rs. 69

- Stop Loss: Rs. 66

- Target 1: Rs. 72

- Target 2: Rs. 75

- 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. Suprajit Engineering (SUPRAJIT)

Suprajit Engineering Stock Details for Today: 

- Current Market Price: Rs. 3,502

- Stop Loss: Rs. 3,410

- Target 1: Rs. 3,600

- Target 2: Rs. 3,740

- 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. Route Mobile (ROUTE)

Route Mobile Stock Details for Today: 

- Current Market Price: Rs. 2,296

- Stop Loss: Rs. 2,240

- Target 1: Rs. 2,360

- Target 1: Rs. 2,432

- 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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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 13, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 13, 2021.
by 5paisa Research Team 12/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Tata Coffee, Canara Bank and IDFC First Bank. 

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 13, 2021.   

Tata Coffee: The stock has jumped nearly 5% on Tuesday 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 and it is the highest since October 6. The RSI on an hourly, daily and weekly time frame is in the super bullish territory. The stock can probably test levels of Rs 234 followed by Rs 240 on the upside, while on the downside, support is seen around Rs 218.

Canara Bank: The Nifty PSU Bank is the top performer among the sectoral indices on Tuesday. The stock of Canara Bank is among the top two performers from the PSU Bank index. It has jumped over 4.5% on Tuesday and as a result, has formed a sizable bullish candle along with a surge in the volumes. Interestingly, almost two hours are remaining in Monday’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, daily and weekly time frame. The stock has the potential to test levels of Rs 190 followed by Rs 194 on the upside. On the downside, the level of Rs 180 is likely to act as immediate support for the stock.

IDFC First Bank: The stock has formed a strong 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 chart has witnessed a loud move and it has entered into bullish territory, while on the daily chart it has made a fresh 14-period high and surpassed the previous swing high. The stock has the potential to test levels of Rs 51.60 and immediate support for the stock is placed at Rs 48.

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