Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

These stocks will be in focus on Friday, October 29

These stocks will be in focus on Friday, October 29
by 5paisa Research Team 28/10/2021

The BSE Sensex witnessed a meaningful correction on Thursday even as the NIFTY 50 index slipped below the 20DMA, indicating weakness.

Indian benchmark indices ended lower for the second consecutive session on October 28 dragged by the bank, metal, realty, oil & gas, power and pharma stocks.

At close, the Sensex was down 1,158.63 points or 1.89% at 59,984.70, and the Nifty was down 353.70 points or 1.94% at 17,857.30. On Thursday, 887 shares have advanced, 2313 shares declined, and 116 shares are unchanged.

Adani Ports, ITC, ONGC, ICICI Bank and Kotak Mahindra Bank were among the major Nifty losers. Gainers included IndusInd Bank, L&T, UltraTech Cement, Asian Paints and Shree Cements.

Several stocks however bucked the broader trend and managed to catch investors' attention.

Below are the stocks that are likely to remain in focus on Friday.

Upper Circuit Stocks: Brightcom Group, Par Drugs and Goldstone Technology are some of the trending stocks that were locked in the upper circuit on Thursday. These stocks will be in focus on October 29.

Price Volume Breakout: Asahi India Glass, Bliss GVS Pharma, V-Guard industries, Chambal Fertilisers, Aegis Logistics, Finolex Cables, SKF India, Prism Johnson, Minda Corp, Indusind Bank, Grindwell Norton, India Cements and Sundaram Clayton are some of the stocks that displayed a price volume breakout on Thursday. These outperforming stocks will be in focus on Friday.

52-Week High Stocks: The shares of ABB India, United Spirits and Blue Dart were seen making a fresh 52-week high on Thursday. These outperforming stocks will be in focus on Friday.

Bullish Moving Average Crossover: Hikal, Birla Corp and Timken India are some of the trending stocks that displayed a Bullish Moving Average Crossover on October 27 and have continued their outperformance in the Thursday trading session. These high momentum stocks could be in focus on Friday, October 29.

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Investment Planning: Public Provident Fund vs Mutual Fund

Investment Planning: Public Provident Fund vs Mutual Fund
by 5paisa Research Team 28/10/2021

Appropriate investment planning aids an individual to achieve their life goals and objectives.

In today’s world, investing has become a necessity, if you don’t plan your investments you might end in a financial crisis in future. In life ahead, any uncertainty might come and hit an individual’s life so in order to overcome such events smoothly one should adequately plan their insurance and investments.

Appropriate investment planning also aids an individual to achieve their life goals and objectives. There are lots of investment avenues available in the market in which individual can invest their capital. So many investment options can put an individual in a dilemma of where to invest.

Out of many investment avenues, we will look into the two major ones, such as Public Provident Fund and Mutual Fund. Public Provident Fund is a long-term investment tool whereas, Mutual Fund is a long-term, medium-term or short-term investment tool.

Let’s look at the difference between these two investment options:

Particulars  

Public Provident Fund  

Mutual Fund  

Investment type  

Public Provident Fund is a long term investment tool run by the government, which offers fixed and safe returns to their investors.  

Mutual funds are managed by fund managers, who offers their investor to reap maximum benefits by investing in instruments according to the mutual fund schemes  

Mode of investment  

Investors have to invest at least a minimum amount in order to keep account active.  

One can invest in mutual funds schemes through SIP or lumpsum.  

Minimum Investment Amount  

₹500  

₹100 or ₹500 (for SIP) vary according to mutual fund.  

Returns  

Returns are fixed and safe guaranteed by the government. The prevailing rate of the Public Provident Fund is 7.1% (FY 2021-2022)  

Returns of mutual funds are market-linked and are based on the performance of the mutual fund.  

Maximum Investment Amount  

₹1,50,000  

No upper limit  

Maturity Period  

15 years – you can extend the same by a block of 5 years  

There is no maturity period as such. Investors can hold for long-term or short-term as per their needs and risk exposure and investment horizon.    

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Retail investors, QIBs push Nykaa IPO across the finish line on first day

by 5paisa Research Team 28/10/2021

Online-to-offline beauty products company Nykaa’s initial public offering made a flying start on Thursday with the share sale getting fully covered on the first day itself despite a big drop in secondary markets.

Nykaa’s IPO of 2.648 crore shares, excluding the anchor allotment, had received bids for 4.09 crore shares by 4:30 PM. This means the issue was subscribed 1.55 times.

Subscription was led by both retail investors and qualified institutional buyers (QIBs). Retail investors bid for 1.66 crore shares, or 3.5 times the 47.5 lakh shares reserved for them, by late afternoon. QIBs bid for almost 1.99 crore shares, or 1.4 times their quota of 1.4 crore shares.

Non-institutional investors such as corporate houses and high-net-worth individuals placed bids for about 60% of the 71.29 lakh shares reserved for them.

Meanwhile, secondary markets posted a sharp drop on Thursday. The BSE's 30-stock Sensex fell 1,158 points, or 1.9%, to end at 59,984.70.

Nykaa anchor allotment

Investors’ interest in the Nykaa IPO was evident also from the high demand for its shares in the anchor book. The company mopped up around Rs 2,396 crore from more than 90 anchor investors by selling 2.129 crore shares at the upper end of its IPO price band of Rs 1,085-1,125 apiece.

As many as 21 mutual funds applied for Nykaa shares in the anchor book, accounting for one-third of the total amount.

Several local insurance companies and a wide range of overseas institutions also came in as anchor investors. These include sovereign wealth funds GIC and Abu Dhabi Investment Authority; Canadian pension funds CPPIB, CDPQ and Ontario Teachers’ Pension Plan; and New York-based Tiger Global.

Other foreign institutions that made anchor investors include BlackRock, Fidelity, JP Morgan, Invesco, Morgan Stanley, Goldman Sachs, Nomura and BNP Paribas.

Nykaa intends to raise as much as Rs 630 crore through a fresh issue of shares. The IPO also includes an offer for sale of 4.19 crore shares by a promoter group entity and some of the company’s existing investors.

The overall IPO size is about Rs 5,350 crore. The IPO closes on November 1.

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Closing Bell: Worst fall in six months, Sensex sinks by 1158 points, Nifty ends down by 1.9%

Closing Bell: Worst fall in six months, Sensex sinks by 1158 points, Nifty ends down by 1.9%
by 5paisa Research Team 28/10/2021

Indian markets suffered their worst single-day loss in the last six months.

Domestic benchmark indices fell sharply on Thursday, October 28 posting their worst single-day performance since April 12, 2021. The below-than-anticipated September quarter corporate earnings, continuous selling of Indian equities by foreign institutional investors amid heightened volatility due to monthly expiry of October future and option contracts impacted the investors' sentiment. During today's trading session, the Sensex fell as much as 1,366 points and the Nifty 50 index was down below its important 17,800 level, falling as much as 411 points.

At the closing bell on Thursday, the Sensex was down 1,158.63 points or 1.89% at 59,984.70, and the Nifty was down 353.70 points or 1.94% at 17,857.30. On the advance-decline of shares, around 887 shares have advanced, 2313 shares declined, and 116 shares are unchanged.

The top Nifty losers of the day were Adani Ports, ITC, ONGC, ICICI Bank and Kotak Mahindra Bank. Top gainers included IndusInd Bank, L&T, UltraTech Cement, Asian Paints and Shree Cements.

All sectors ended in the red today, with the Metal index plummeting most around 3.5% followed by Nifty Bank and Realty which were down by 3%. Other contributors to the market decline were Pharma, Media and Financial service.

Data from National Securities Depository Limited showed that foreign portfolio investors have so far this month sold shares worth Rs 9,295.78 crore in Indian markets.

In today's bloodbath, market heavyweight's such as ICICI Bank, Coal India, Axis Bank, Cipla, Tata Motors and HDFC Bank were each down between 3-4%, while SBI, Titan, NTPC, Hindalco, Tech Mahindra, JSW Steel, Eicher Motor, Wipro, Tata Steel, Power Grid, and HCL Tech were down between 2-3% at the closing bell.

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Marico Q2 profit rises but margins shrink on higher input costs

by 5paisa Research Team 28/10/2021

Fast-moving consumer goods maker Marico Ltd on Thursday reported higher consolidated net profit for the second quarter from a year earlier, but its earnings margin narrowed due to a sharp increase in input costs.

The maker of Parachute coconut hair oil and Saffola cooking oil posted a net profit of Rs 316 crore for the July-September period, compared with Rs 273 crore a year earlier.

However, second-quarter profit fell from the preceding three months; the company had posted a profit of Rs 365 crore during the April-June period, despite the country grappling with a severe second wave of Covid-19.

The company’s revenue from operations increased 22% to Rs 2,419 crore for the second quarter from Rs 1,989 crore a year earlier. But this was lower than the first quarter’s figure of Rs 2,525 crore.

Total expenses rose to Rs 2,039 crore from Rs 1,641 crore, led by a 35% increase in material costs to Rs 1,345 crore from Rs 1,010 crore a year earlier.

Marico’s shares fell 2.46% on Thursday to close at Rs 561 apiece in a Mumbai market that fell 1.9%. The shares have fallen about 7.4% since touching a one-year high on October 18.

Marico Q2: Other highlights

1) EBITDA increased 9% to Rs 423 crore from 389 crore a year earlier.

2) The EBITDA margin narrowed to 17.5% from 19.6% in the year-ago period.

3) International business recorded turnover of Rs 549 crore, up 13% on constant currency basis.

4) India business delivered revenue of Rs 1,870 crore, up 24% on a YoY basis. Volume growth was 8%.

5) Gross margin improved sequentially by 140 basis points, but was down 560 bps YoY as edible oil and crude oil prices remained high.

Marico commentary and outlook

The company said that, with more than 90% of its portfolio comprising daily-use items, it witnessed healthy demand trends across these categories while discretionary and out-of-home consumption also picked up to some extent.

Rural growth exceeded urban during the quarter but has slowed down sequentially. In the International business, it witnessed a steady quarter in all markets, except Vietnam, which was battling a severe Covid-19 surge.

Marico said the operating margin in the India business fell to 17.8% in Q2 from 20.6% a year earlier owing to sharp input cost pressure, which was only partly alleviated by pricing interventions in key portfolios and cost rationalization measures.

The premium personal care portfolio, comprising premium hair nourishment and male grooming products, had its best quarter since the onset of the pandemic. Livon Serums clocked double-digit growth over pre-Covid run rates. The male grooming portfolio grew in double digits, but still short of pre-Covid levels, Marico said.

The company said that since pace of rural growth has moderated despite normal monsoons and continued government stimulus, some degree of caution in the near-term growth outlook is warranted.

“In the current scenario, we expect to deliver double-digit revenue growth in the domestic business on the back of mid-single digit volume growth in H2,” it said. “However, we believe high-single digit volume growth is possible in Q4, if consumption trends do not worsen.”

Marico expects gross margin to improve sequentially in Q3 and Q4. However, it expects an improvement in operating margins to play out only in Q4, given that ad spends will rise from Q3 itself and a large part of the benefits of a second round of cost rationalization measures will start accruing in Q4.

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Top 4 stocks trading near short-term support levels

Top 4 stocks trading near short-term support levels
by 5paisa Research Team 28/10/2021

One of the most basic and crucial part of technical analysis is support and resistance. Here are the top 4 stocks that are trading near their short-term support levels.

When it comes to analyzing a stock based on technical analysis, one of the most fundamental and crucial things is understanding the support and resistance levels. Now, why is it important to look at support and resistance levels? Studying support and resistance levels ideally help you understand the probable level where the price is likely to move in the opposite direction.

So, does it mean that each time when a stock reaches such levels, it would turn back? No, there would be times when the stock might have gathered the strength to break these support and resistance levels. Breaching of such levels ideally mean that the trend is likely to continue in the direction it has breached.

Hence, it is quite important to understand support and resistance levels as it would help you make decisions on short-term trades or would alert you for swing trades. Now the most likely question here would be, how to identify these support and resistance levels? Although technical analysis seems objective in nature, it has got a lot of subjective as well.

Analysing support and resistance level is quite subjective. However, the most basic is to find a level where the stock failed to breach the level maximum number of times. Moving averages are also one of the ways to understand support levels. Many also use Fibonacci retracement and extension for deciding support and resistance levels.

Having said that, here is the list of the top four stocks that are presently trading near their support levels. You should monitor the price action of stock at these levels. This will help you take better entry and exit decisions.

Stocks 

Last Traded Price (Rs) 

Time Frame 

50 Period EMA (Rs) 

Support Level (Rs) 

Hindustan Unilever Ltd. 

2,389.7 

Weekly 

2,401.2 

2,368.0 

Bajaj Auto Ltd. 

3,700.7 

Weekly 

3,648.9 

3,647.2 

Power Grid Corporation of India Ltd. 

185.9 

Daily 

185.0 

185.3 

HDFC Bank Ltd. 

1,593.6 

Daily 

1,596.0 

1,587.2 

 

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