The insurance sector in India is still a low penetrated sector as compared to the global average. Read on to find out more.

Bafna Pharmaceuticals is one such stock that is gaining from the broader positive momentum in both, the pharma sector as well as the micro-cap segment. The stock has gained more than 161 per cent in the last one year. Meanwhile, it went up by 27.44 per cent in the last one month.

The Indian pharma industry has caught global investors’ attention in 2020. BSE Healthcare Index is up by more than 47 per cent on a YTD basis and JB Chemicals & Pharmaceuticals (JB Chem) is one of the few pharma companies that managed to outperform the best sectoral index in 2020 so far. JB Chem is up by 132 per cent on a YTD basis.

Every year, there are several stocks that surprise investors on the upside. Xelpmoc Design is one such outperforming stock that has turned into a multi-bagger in 2020. The stock is a micro-cap, which is up by almost 376 per cent since its listing on the bourses. On a YTD basis, the stock is up by 360.95 per cent while in six months, the stock has gained by 490.42 per cent. 

After a sideways movement during the last couple of days, the bulls seem to announce its authority at the dawn of October month. SGX Nifty indicates that the bulls will hit a century at the opening bell as it trades up by 105 points at 11,359 level.

Thursday could be a trend decider day and volatility could be seen as generally, a contraction in the range is followed by an expansion in the range. Thus, traders are advised to set their eyes on the level of 11,295 and 11,184. Stocks in news: Datamatics, Natco Pharma, Jindal Poly, Max Health, PNB.

Several stocks seem to have rebounded after the market crash, which was witnessed in March 2020. In recent months, a strong rally in the broader markets, mainly in small-cap stocks, was seen. With the steam now cooling off, investors seem to ponder over returning to large-cap stocks.

The year 2020 belonged to penny stocks with several stocks turning out to be multibaggers. The month of September also saw several penny stocks taking investors by surprise.

On Wednesday, the stock gave a downward sloping trendline breakout, formed by connecting swing highs from August 2020. This breakout is confirmed by a relatively higher volume.

On Wednesday, the domestic benchmark indices closed flat. The markets remained volatile during today’s trading session as Sensex closed up by 94.71 points or 0.25 per cent to settle at 38,067.93 levels while Nifty closed up by just 25.15 points or 0.22 per cent to close at 11,247.55 level.