Nifty 16742.8 (-2.64%)
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 (0.00%)
Asian Paints 3100.00 (-0.34%)
Axis Bank 675.30 (0.34%)
B P C L 362.00 (-6.19%)
Bajaj Auto 3615.00 (9.95%)
Bajaj Finance 6645.00 (-6.00%)
Bajaj Finserv 16439.00 (-6.00%)
Bharti Airtel 718.00 (-0.05%)
Britannia Inds. 3542.75 (-0.31%)
Cipla 860.00 (-5.71%)
Coal India 152.00 (-4.85%)
Divis Lab. 4471.00 (-6.01%)
Dr Reddys Labs 4320.00 (-6.02%)
Eicher Motors 2701.00 (10.00%)
Grasim Inds 1874.25 (10.00%)
H D F C 2499.90 (-9.80%)
HCL Technologies 1101.00 (-6.01%)
HDFC Bank 1400.00 (-7.50%)
HDFC Life Insur. 645.00 (-6.65%)
Hero Motocorp 2699.90 (9.64%)
Hind. Unilever 2109.30 (-10.00%)
Hindalco Inds. 400.00 (-5.80%)
I O C L 130.00 (6.38%)
ICICI Bank 799.95 (11.68%)
IndusInd Bank 1040.00 (9.34%)
Infosys 1700.00 (-2.05%)
ITC 195.00 (-12.02%)
JSW Steel 703.00 (9.07%)
Kotak Mah. Bank 1999.00 (4.43%)
Larsen & Toubro 1975.40 (9.67%)
M & M 890.00 (6.34%)
Maruti Suzuki 6788.00 (-5.84%)
Nestle India 18162.00 (-6.00%)
NTPC 115.00 (-9.45%)
O N G C 145.00 (-0.62%)
Power Grid Corpn 206.10 (0.00%)
Reliance Industr 2122.65 (-11.86%)
SBI Life Insuran 1049.40 (-10.00%)
Shree Cement 24359.00 (-6.00%)
St Bk of India 567.65 (19.97%)
Sun Pharma.Inds. 676.65 (-10.00%)
Tata Consumer 850.00 (9.78%)
Tata Motors 450.00 (-6.27%)
Tata Steel 1215.00 (8.68%)
TCS 3448.00 (-5.29%)
Tech Mahindra 1470.00 (-7.74%)
Titan Company 2433.25 (2.70%)
UltraTech Cem. 6599.25 (-10.00%)
UPL 712.95 (0.03%)
Wipro 580.00 (-9.48%)

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 13/10/2021

Superhouse, Garware Technical Fibres and Godrej Agrovet 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.

Superhouse: The stock of superhouse soared over 8% and it recorded a fresh 52-week high on Wednesday. Interestingly, nearly 85% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last 75-mintues of trade, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.

Garware Technical Fibres: The stock for the majority part of the trading sessions remained in capped range, however, it was only in the last 75-minutes it saw a volume and price eruption. Nearly 70% of the total traded volume of the day was witnessed in the last 75-minutes and the bulk of the gains too were seen in the last hour of the trade. In addition to this, the icing on the cake was the stock ending at the day's high. Keep a watch on this stock.

Godrej Agrovet: The stock of Havells gained over 4% on Wednesday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed nearly 70% of the total traded volume of the day in the last 75-minutes of the trade. Interestingly, the price action was robust, which indicates that buyers were actively buying the stock. Keep this stock on your radar.

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Thomas Cook India and SOTC sign a strategic agreement with Air Arabia.

Thomas Cook India and SOTC sign a strategic agreement with Air Arabia.
by 5paisa Research Team 13/10/2021

An extensive holiday portfolio will be curated by Thomas Cook and SOTC, with air inventory and exclusive fares being provided by Air Arabia.

Thomas Cook (India) and its group company, SOTC Travel has inked a three-year agreement with Air Arabia, which is the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa. The partnership will deliver on a range of customizable air-inclusive holidays via a technology platform built by Thomas Cook India and SOTC. This signals a clear intent of the company to capitalize on the strong and growing opportunity presented by the Indian markets.

The partnership expands Thomas Cook India and SOTC’s reach with access to Air Arabia’s customer base in India and provides marketing investment to accelerate demand by targeting a range of India’s travel segments. An extensive holiday portfolio will be curated by Thomas Cook and SOTC, with air inventory and exclusive fares being provided by Air Arabia.

The partnership brings travellers the added advantage of a suite of ready-to-book holidays and customizable itineraries – all bookable via a simple and seamless online platform, conceptualized and built by Thomas Cook India and SOTC. Additionally, Thomas Cook and its group company will also support customers through its omnichannel network of contact centres and over 350 retail outlets pan India.

Air Arabia operates from 12 Indian cities including metros and viable tier 2-3 markets, thereby giving India’s travellers an opportunity to holiday across its extensive network of over 170 international favourites – spanning the Middle East, CIS countries, Africa, Europe and Asia; via easy access of its gateway - Sharjah.

Set up in 1881, Thomas Cook (India) is the leading integrated travel and travel-related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, mice, leisure travel, value-added services, visa and passport services. It operates several leading B2C and B2B brands. As one of the largest travel service provider networks headquartered in the Asia-Pacific region, the group spans 25 countries across five continents.
 

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 13/10/2021

Best Swing Trading ideas based on price and volume percentage surge. ITC, PNC Infratech and Gujarat Ambuja Exports.

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:

  1. ITC: The stock registered a fresh 52-week high and it has also managed to close near the day’s high. The volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days average volume. Also, the stock’s daily range doubled its 10-day average range. As a result, the stock met the norms of the swing trading system. In the near term, the stock has the potential to touch the levels of Rs 260 and Rs 265 on the upside, while on the downside, the support is seen around levels of Rs 242.

  1. PNC Infratech: The stock jumped more than 6% on Wednesday. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, was the highest since September 17. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 400 followed by Rs 416, while immediate support is seen around Rs 378. 

  1. Gujarat Ambuja Exports: The stock has witnessed a breakout of the falling trendline on Wednesday, and was supported by strong volume. Volume for the day was not only greater than its previous trading session but also above its 10 and 30-day average volume. In addition to this, the daily range of the stock was greater than its 10-days average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 186 in the near to medium term. On the downside, support is seen around Rs 174 levels.

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Is it time to shrug allocation in the IT sector?

Is it time to shrug allocation in the IT sector?
by 5paisa Research Team 13/10/2021

In the last two trading sessions, the Nifty IT index snapped the gains made in the first week of October 2021. Is time to shift your focus? Let’s find out.

The Nifty IT index has been moving southwards for the past two trading sessions. Having said that, the gains made in the first week of October 2021 went in vain. The Nifty IT index saw the first sign of weakness on September 24, 2021, by forming a gravestone Doji candlestick pattern.

Gravestone Doji is a bearish candlestick pattern. This pattern suggests a reversal followed by a downtrend. Usually, this pattern is a sign to take profits on a bullish position. The Nifty IT index has created a gravestone Doji candlestick pattern on daily charts.

Moreover, RSI (Relative Strength Index) is at 50.55 slashed down from 76.60 at the end of September 2021. Also, the MACD (Moving Average Convergence Divergence) is swiftly moving downwards towards negative territory. 

Looking at price action, post making a low of 34,719.80 on October 1, 2021, it failed to break its all-time high level of 37,823.15 and instead made a lower high at 36,703.55 level. So purely from a technical perspective, IT index looks exhausted as of now.

Even on the valuation front, the Nifty IT index seems to be quite stretched. To understand the valuation, we took PE (Price to Earnings) data of the Nifty IT index.

The valuation is indeed quite heated and may cooldown. At the current trailing PE level of 36.11, it is way above its 10-year average PE of 20.93. In fact, it's even above the 3 times standard deviation. The valuations and technical indicators do not paint rosy picture about the index. However, result of IT major, Infosys, and Wipro, having a weightage of more than 33 % in IT index has come out with good numbers. Hence, it is better to stay put as of now.

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Infosys Q2 profit climbs 12%, ups revenue guidance

by 5paisa Research Team 13/10/2021

Infosys Ltd has reported an increase of almost 12% in consolidated net profit for the July-September quarter, as revenue jumped and it added more clients than a year earlier.

India’s second-largest software services exporter posted a net profit of Rs 5,421 crore for the quarter ended September 2021, up from Rs 4,845 crore in the same period last year. Profit rose 4.4% from the April-June quarter.

Consolidated revenue surged by a fourth to Rs 29,602 crore from Rs 24,570 crore a year earlier and rose 6.1% from Rs 27,896 crore in the previous quarter.

In dollar terms, the company’s revenue increased 19.4% from a year earlier and 6.3% from the previous quarter in constant currency.

Infosys benefited as revenue from a deal with Daimler, signed in December last year, started kicking in. The Indian company is helping Daimler transform its IT operating model and infrastructure in a multi-billion-dollar deal.

The company also raised its revenue guidance from 14-16% to 16.5-17.5%. It kept its margin guidance unchanged at 22-24%.

Other key details:

1) Infosys had a total of 1,714 clients at the end of September, up from 1,487 a year earlier.
2) It added 117 clients during Q2, compared with 96 in the same period last year.
3) The company now has 35 clients in $100-million-plus band and 62 in $50-million-plus.
4) Infosys had 2,79,617 employees as of September-end, up from 240,20 a year earlier.
5) Attrition rate jumped to 20.1% from 12.8% as hiring activity in the IT sector surged.
6) Operating margin came in at 23.6% in Q2, a decline of 1.8% YoY and 0.1% QoQ.

Management Commentary:

Infosys CEO and managing director Salil Parekh said the company’s “stellar performance” and “robust growth outlook” continue to demonstrate its strategic focus and the strength of its digital offerings.

Parekh said Infosys is witnessing a strong market opportunity with global enterprises rapidly accelerating their digital journeys.

He added that the company’s sustained investments in expanding capabilities, including the differentiated cloud play, has uniquely positioned it to emerge as the preferred cloud and digital transformation partner.

“Given this continued momentum we have further increased our revenue growth guidance to 16.5-17.5%,” he added.

Chief operating officer Pravin Rao said Infosys is expanding its college graduates hiring programme to about 45,000 for the year. He added that the company is preparing to embrace the hybrid work model as more than 86% of its employees in India had received at least one dose of Covid-19 vaccine.

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Closing Bell: Nifty closes on record high, Sensex surges by 452 points lead by Tata Group stocks.

Closing Bell: Nifty closes on record high, Sensex surges by 452 points lead by Tata Group stocks.
by 5paisa Research Team 13/10/2021

Indian market continues the bull run as Nifty ends at a closing high and Sensex up by 452 points. Tata Group shares rally.

Domestic Benchmark Indices Sensex and Nifty rose for the fifth consecutive trading session and closed at record high levels on Wednesday, October 13, 2021. Strong buying was seen in metal, IT and auto stocks, while some selling pressure was observed in realty stocks. In the broader markets, BSE midcap and smallcap indices jumped by 1.56% and 0.59%, respectively.

At the closing bell on Wednesday, the Sensex was up 452.74 points or 0.75% at 60,737.05, and the Nifty gained 169.80 points or 0.94% at 18,161.80. Around 1602 shares have advanced, while 1504 shares declined, and 118 shares remain unchanged.

Top gainers of the day were, Tata Motors, M&M, Tata Consumer Products, Power Grid Corp and ITC. Maruti Suzuki, ONGC, Coal India and SBI Life Insurance were among the losers.

On sectoral front, the auto index added 3.5%, while energy, infra, IT, metal, power and capital goods were up by 1%.

Tata Motors was up by almost 22% to a 52-week high of Rs 523.85 on the announcement that its electric vehicle entity will get funding from TPG Group to the tune of Rs 7,500 crore.

Tata Power shares powered ahead to a lifetime high of Rs 232.40 as the Tata Group's power utility is in a partnership with Tata Motors to develop electric vehicle (EV) charging infrastructure. Tata Chemicals clocked a fresh 52-week high of Rs 1144.50.

Among other Tata group stocks, Nelco, Tata Coffee, Rallis India, Tata Communications, Tata Consumer Products, Titan Company, Tata Metaliks, Tata Steel and India Hotels have all rallied 3-5% on the bourses today.

According to market experts, the mood of the global market is muted by inflation fears and high bond yields ahead of the release of US inflation data. But, the Indian market is robust due to the upcoming festival season.

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