Ace investor Rakesh Jhunjhunwala’s biggest stock bet Titan company added Rs 17,770 crore to its market capitalization within just 10 minutes into today’s trading session, This took Jhunjhunwala’s stake in the company by over Rs 850 crore. 

This week there are four New Fund Offer open for subscription all of them are open-ended mutual fund schemes

Following are the stocks where profit booking is seen taking place in the F&O segment.

Reliance Retail Ventures Limited (RRVL), through its wholly owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (“SEI”) for the launch of 7-Eleven® convenience stores in India. The first 7-Eleven store is set to open on Saturday, October 9 in Andheri East, Mumbai. This will be followed by a rapid rollout in key neighborhoods and commercial areas, across the Greater Mumbai cluster to start with.

The panic drop like the one we had witnessed on Wednesday is quite evident during this bull run but such panic drop has not seen follow-through selling, which clearly indicates that the buy-on-dips template has worked quite well during this bull run.

After trading flat for the first half of the trading session, the benchmark indices gradually slipped into red towards the end on global risk-off and inflation concerns. Sensex and Nifty plunged by 555.15 and 176.30 points, respectively. In the broader markets, the BSE Smallcap index declined 0.55 per cent and the BSE Midcap index lost 1.22 per cent.

Sensex and Nifty fell by 0.93 per cent and 0.99 per cent to end at 59,189.7 and 17,646 respectively amid a choppy trading session. BSE Small-cap index also contracted by 158.62 points to close at 28,693.

Interestingly, despite the fact that the index closed near its day’s low, there were a couple of stocks that witnessed a good recovery from the lower levels.

Going ahead, one needs to be selective in the stock selection. Hence, we have come out with a list of stocks that have witnessed the breakout based on the T20 breakout system.