The market opened in green on August 05, 2021.

India’s largest private sector company-Reliance Industries is doubling its PET recycling capacity by setting up a recycled polyester staple fibre (PSF) manufacturing facility in Andhra Pradesh. The move is part of RIL’s commitment to enhance its sustainability quotient, bolster the polymer and polyester value chain as well as lead the industry further on circular economy.

On Wednesday we saw tech heavy NASDAQ Composite outperform DJIA and S&P 500. The shares of Robinhood, a newly listed NASDAQ company surged on Wednesday indicating buyers optimism in US markets. 

Overall, the key takeaway for Wednesday’s session was that the banking and financial stocks assisted the index to remain buoyant while the wreck in the broader markets kept traders on tenterhook. Going forward, we would recommend the readers to be selective in their long positions and follow proper risk management. 

Some small-cap stocks are continuing their up trend and trading at fresh 52-week highs. The rise in price is aided with good volumes as well, thus providing confidence to the bulls. 

BSE Small Index corrected by more than 1 percent when the BSE Sensex scaled to fresh highs on Wednesday. IIFL Wealth Management was the top BSE Small Cap Index gainer on Wednesday, after the company posted the best quarter profits in its history.

While the Nifty 50 and BSE Sensex made all time high on Wednesday and the financial stocks hogged the limelight,  investors were seen struggling as the broader markets underperformed.

Keep a watch on these nine stocks on Thursday! 

While BSE Sensex touched all-time highs on Wednesday, it was supported by Banks and the Financials. Some of the banks and housing finance stocks were seen gaining with a huge spike in Volume.

Broader indices have been the star performers over the last several months but from the last two trading sessions, there is a change in the fate of broader indices as for the second day in a row, they have been underperforming the frontline indices.   So, let's have a look at the stocks featured in today’s T20 breakout system.