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Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
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Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
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H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
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Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
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St Bk of India 473.15 (-0.81%)
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Titan Company 2369.25 (-0.72%)
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With steel production set to resume in China, what impact will it have on the Indian metal sector?

With steel production set to resume in China, what impact will it have on the Indian metal sector?
by 5paisa Research Team 23/11/2021

As China is a major consumer of Steel and Iron Ore, such news certainly lifts the mood of the Indian metals sector and the metal stocks.

Tuesday turned out to be a terrific one for China’s benchmark iron ore futures, as it shot up nearly 10% and hit the upper circuit limit. The news which propelled the iron ore futures price is that the steelmakers are set to resume production after strict controls in past months following government protocols.

The TSI IRON ORE CFR CHINA INDEX FUTURES was in a bearish phase since May and is currently down by 56% since touching that figure. The iron ore futures traded at 103, up 9.19% on Tuesday, with the hope of rising steel production. The futures consolidated in a narrow range for quite some time before ending in green for the past three trading sessions. The prices have indeed fallen significantly and rapidly, but it remains to be seen whether this is a sign of reversal or just a dead-cat bounce!

The first resistance as per the Fibonacci retracement stands at 119.25 (23.6% reversal) and the next resistance lies at 141 (38.6% reversal). However, we see no significant change in the volumes to validate the point of reversal. Market participants must wait for more clarity before taking any fresh positions.

As China is a major consumer of Steel and Iron Ore, such news certainly lifts the mood of the Indian metals sector and the metal stocks. Nifty Metal is up by 3.22% on Tuesday thereby outperforming all the broader indices. JSW Steel and Tata Steel are up 4.76% and 3.72%, respectively and are the top two gainers in the Nifty 50 in Tuesday's session as well. The index is down by almost 11% from its all-time high and it looks to gain momentum as it tries to close above its 100-DMA. If the Chinese futures continue to rally based on the news flow, we can find the metals stocks to outperform in the coming days.

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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 23/11/2021

HFCL, Kajaria Ceramics, and Strides Pharma Science Limited 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.

HFCL: The stock traded positive throughout the day, and it gained 6.61% in Tuesday’s trading session. It witnessed huge buying towards the end as it zoomed 5% in a matter of 75 minutes before retracting a little. More than 75% of today’s volume came from this period. The stock is trading in the range of 70-78 and today’s volume burst might indicate that a breakout is on cards.

Kajaria Ceramics:  The stock opened almost 5% down but as the day progressed, it filled the gap and ended up by 1.76%. It made a stupendous move of about 7.2% in today's trading session. Almost 50% of today’s volume was recorded in the last 75 minutes when the stock moved up about 1.8%. It continued to make lower lows in the past few trading sessions, but today's strong green candle might bring some hope for the buyers. It would be interesting to see how the stock performs in the next few days.

Strides Pharma Science Limited: STAR surged nearly 6.77% on Tuesday. The stock traded firmly in green all day, with good volumes. The last 75 minutes recorded almost 50% of the day’s volume as it zoomed about 2.6% in this period. It is trading weak for many months, but it looks to build the momentum on the higher side.

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Add stability to your MF portfolio with large-cap exposure

Add stability to your MF portfolio with large-cap exposure
by 5paisa Research Team 23/11/2021

Large caps tend to fall less when compared with mid-cap and small-cap funds. Hence, provides some downside protection to your portfolio. Read on to find out more.

Large caps that are usually termed blue chips offer great downside protection when compared with mid-caps and small-caps. However, the returns provided by them during a rally is less when compared to midcaps and small-caps. This is the reason why most investors shy away from investing in large caps as they provide lower returns. In this article, we have explained what are large-cap funds and how they can help cushion your equity portfolio when the equity market is not so exciting.

What are large-cap funds?

As defined by the Securities and Exchange Board of India (SEBI), large-cap funds are those which should dedicate a minimum of 80% of their assets to the top 100 stocks in terms of full market capitalization.

Comparison between large, mid and small-cap

To compare the three, we have taken Nifty 100 Total Returns Index (TRI), Nifty Midcap 150 TRI and Nifty Smallcap 250 TRI as the representative of large-cap, mid-cap and small-cap funds, respectively. The period for comparing is from November 21, 2011, to November 22, 2021.

Indices 

Average Rolling Returns (%) 

1-Year 

3-Year 

5-Year 

Nifty 100 TRI 

16.00 

12.96 

12.94 

Nifty Midcap 150 TRI 

22.05 

17.37 

17.61 

Nifty Smallcap 250 TRI 

21.05 

13.84 

14.14 

As we can see from the above table that, mid-caps and small-caps indeed perform better than large-caps in terms of rolling returns. The purpose of using rolling returns is that it gives a better picture than trailing returns. However, only looking at returns tells you the half story. Hence, it makes sense to also look at risk metrics.

Indices 

Risk Metrics 

Standard Deviation (%) 

Sharpe Ratio 

Sortino Ratio 

Maximum Drawdown (%) 

Nifty 100 TRI 

16.87 

0.94 

1.17 

-37.92 

Nifty Midcap 150 TRI 

17.45 

1.26 

1.50 

-43.06 

Nifty Smallcap 250 TRI 

18.89 

1.11 

1.29 

-59.78 

The above table clearly shows that in terms of risk as measured by standard deviation and maximum drawdown, large-caps pose relatively less risk than that of mid-caps and small-caps. Therefore, having a large-cap exposure in your portfolio would help you to contain the downside risk to some extent rather than just investing in mid-caps and small-caps. Moreover, it is prudent to access your risk profile, as it would help you decide the appropriate asset allocation.

Below is the list of top five large-cap funds

Fund Name 

Trailing Returns (%) 

1-Year 

3-Year 

5-Year 

Axis Bluechip Fund 

32.36 

21.60 

20.34 

Canara Robeco Bluechip Equity Fund 

35.02 

22.26 

19.35 

BNP Paribas Large Cap Fund 

32.96 

20.34 

17.07 

Kotak Bluechip Fund 

38.64 

21.05 

17.04 

IDBI India Top 100 Equity Fund 

40.70 

21.02 

15.84 

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Penny Stock Update: These stocks gained up to 10.00% on Tuesday

Penny Stock Update: These stocks gained up to 10.00% on Tuesday
by 5paisa Research Team 23/11/2021

On Tuesday, the Indian equity market closed on a positive note after closing deep down in red on Monday. BSE Metal index is the top gainer and BSE Information Technology is the top loser in today’s trade.

After the Indian equity market closed deep down yesterday, which wiped off several investors’ wealth, today equity market closed on a positive note.

Today Nifty 50 and BSE Sensex indices closed with green mark up by 86.80 points i.e., 0.50% and 198.44 points i.e., 0.34% respectively. Stocks supporting the BSE Sensex and Nifty 50 index up were Reliance Industries and Bajaj Finserv. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Infosys, Asian Paints and IndusInd Bank. On Tuesday the BSE Sensex and Nifty 50 index opened down by 0.82% and 0.77% from the previous close.

In Tuesday's trading session the S&P BSE Metal, S&P BSE Power, S&P BSE Utilities, S&P BSE Realty and S&P BSE Basic Material were top gainers. BSE Metal index consisting of stocks such as Vedanta Ltd, NMDC Ltd, JSW Steel Ltd, Coal India Ltd, Jindal Steel & Power Ltd, Steel Authority of India Ltd, Hindustan Zinc Ltd, Tata Steel Ltd, Hindalco Industries Ltd and APL Apollo Tubes Ltd were the top gainers.

In today’s trade, S&P BSE Information Technology was the top loser. The index consisting of stocks such as Vakrangee Ltd, Route Mobile Ltd, Infosys Ltd, 63 Moons Technologies Ltd, Cigniti Technologies Ltd and Eclerx Services Ltd were the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Tuesday, November 23, 2021: 

Sr No.                 

Stock                 

LTP                  

Price Gain%                 

1.                 

Vikas Ecotech Ltd  

2.75  

10.00  

2.                 

Ansal Housing Ltd  

6.65  

9.92  

3.                 

Suvidhaa Infoserve Ltd  

11.60  

7.91  

4.                 

Visagar Polytex Ltd  

1.00  

5.26  

5.                 

LCC Infotech Ltd  

2.10  

5.00  

6.                 

 
Sab Events & Governance Ltd.  

5.25  

5.00  

7.                 

 
Future Market Networks Ltd  

8.45  

4.97  

8.                 

Sintex Plastics Technology Ltd  

12.70  

4.96  

9.                 

STL Global Ltd.  

14.85  

4.95  

10.                 

BLB Ltd  

11.70  

4.93  

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Superstar investor: How Dolly Khanna shuffled her equity portfolio

by 5paisa Research Team 23/11/2021

Chennai-based Dolly Khanna, who has been an active investor in the stock markets since 1996, has been reshuffling her portfolio which is now upwards of $45 million (Rs 335 crore).

She struck a new investment recently and has marginally raised her holding in at least four portfolio companies. Khanna also booked profits in eight companies, including a company where her stake fell below 1%.

Khanna, whose investments are managed by her husband Rajiv Khanna, is known to invest in lesser-known companies in the mid- and small-cap space. In all, she holds at least 1% stake in as many as 16 companies, as per latest quarterly shareholding data by stock exchanges.

On Monday, Khanna struck another investment by acquiring nearly 1% in Ajanta Soya, which makes vanaspati, cooking oils and bakery products.

What did Khanna buy?

Khanna struck a new investment in New Delhi Television Ltd (NDTV) amid speculation that billionaire Gautam Adani-led Adani Group might acquire the news media company. 

The exact time and price details of her investment is not known, but Khanna is estimated to have invested about Rs 5.6 crore in the media company controlled by Prannoy and Radhika Roy.

Khanna has marginally increased her stake in Nitin Spinners (1.64%), Rama Phosphates (1.89%), Asahi Songwon Colors Ltd (1.41%), and RSWM (1.12%). On the other hand, she kept her stake in NCL Industries (1.77%), Rain Industries and Polyplex Corporation unchanged.

What did Khanna sell?

Khanna trimmed her holding in roughly seven to eight portfolio firms. These include Nucleus Software Exports Ltd, Mangalore Chemicals Fertilizers Ltd, Aries Agro Ltd, Butterfly Gandhimathi Appliances Ltd, KCP Ltd, Talbros Automotive Components Ltd, Deepak Spinners Ltd, and Shemaroo Entertainment Ltd.

In these companies, her stake fell below 1% — the level at which companies are obliged to publicly disclose shareholder names to the stock exchanges.

The latest buy

Khanna bought a 0.87% stake in Ajanta Soya through bulk deals worth over Rs 2 crore. The stock has yielded over 200% returns since the beginning of 2021, rising from Rs 60 apiece to Rs 183.75 per share on Tuesday, when the stock touched the 20% upper limit.

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F&O Cues: Key support & resistance levels for Nifty 50

F&O Cues: Key support & resistance levels for Nifty 50
by 5paisa Research Team 23/11/2021

Today the Nifty F&O action for November 25 expiry shows 17,500 to remain an important level.

The highest put and call writing was seen at 17,500.

Indian equity market finally broke four days of losing streak in today’s trade. Nevertheless, the opening of the trade was not so encouraging and it seemed that today also, we will close in deep red. Frontline equity indices opened with a gap down and made intraday low in the first 15 minutes of trading. However, by the end of the day, Nifty closed in green and was up 0.50% or 86.8 points at 17503.3 and also bounced back from its 20 weekly EMA. Nifty VIX continued its uptrend and was up by 2.83% in today’s trade and closed at 18.02

Activity in the F&O market for the weekly expiry on November 25, 2021, shows 17,800 to act as the first line of strong resistance followed by 18,000. The highest call option open interest (161589) for Nifty 50 stood at a strike price of 18,000. In terms of the highest addition of open interest in the call options front, it was at 17,500 in the last trading session. A total of 26,275 open interest was added at this strike price. The next highest call option open interest stands at 17,800 where total open interest stood at 126,544.

In terms of put activity, the highest put writing was seen at a strike price of 17,500 (26,275 open interest added on November 23), followed by 17,650 (11,850 open interest added on November 23). The highest put open interest unwinding was seen at a strike price of 17,700 (6346 open interest shed on November 23).

Highest total put open interest (101,923) stood at a strike price of 17,000. This is followed by a strike price of 17,500, which saw a total put option open interest of 89,499 contracts.

Following table shows the difference between call and put options at strike price near to max pain of 17500. 

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

  

17,200.00  

6840  

59608  

52768  

17,300.00  

18282  

84759  

66477  

17,400.00  

32049  

83594  

51545  

17500  

92342  

89499  

-2843  

17,600.00  

89570  

28629  

-60941  

17,700.00  

93287  

18186  

-75101  

17,800.00  

126544  

36401  

-90143  

 

 

 

 

 

 

 

 

The Nifty 50 put call ratio (PCR) closed at 0.66 compared to 0.5  in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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