After plunging 15-16 per cent from its record highs, the Nifty 50 is now approaching the 22,000 level, marked by a significant red candle today. Here's why!

Stocks to Watch on February 12

In the sectoral landscape, Nifty FMCG and Nifty Pharma emerged as the top gainers with modest positive gains, while Nifty IT, Nifty PSU Bank, and Nifty Metal are underperforming.

Top gainers in individual stocks are BAJAJFINSERV, BAJFINANCE, and HCLTECH while, TATAMOTORS, HINDALCO and DRREDDY are among the top losers in the Nifty 50.

This article is authored by Viral Shah, Head Brokerage, 360 ONE Wealth

Sensex and Nifty 50 Close Higher; SBI Life and Bajaj Finserve Shine Amid Broad Market Strength

GIFT Nifty, trading around 200 points above the previous close, indicates a strong opening for domestic indices in today's session.

The BSE Sensex edged down by 0.07 per cent reaching a level of 79,585. The Nifty 50 index fell 0.10 per cent to the 24,322 level. 

The BSE Sensex ended the session with a marginal loss of 0.07 per cent, while the Nifty 50 edged down by 0.08 per cent.

The stock drew the attention of chartists due to its positioning within the higher range of a long-term consolidation pattern, accompanied by significant trading volumes. This positioning suggests the potential for a technical breakout of a continuation price pattern.

The Nifty 50 earnings season kicks off January 11th with IT giants Infosys and TCS setting the stage.

The index managed to recover from its intraday low, closing at 21,731.40. The day's high of 21,770.30 showcased brief moments of positive momentum.

 The overall change for the day stood at 123.95 points, representing a modest increase of 0.57 per cent.

The nation's market capitalization exceeded USD 4 trillion, securing India's global standing as the 4th largest in terms of market capitalization.

 Advancing stocks, numbering 2344, outnumber declining stocks, which stand at 1947, reflecting a positive sentiment in the broader market.

About 1622 stocks were advancing, compared to 432 stocks declining, indicating an optimistic sentiment in the broader market.

The overall market sentiment remains positive, with approximately 2049 stocks advancing compared to 1551 stocks declining. This indicates a favorable outlook in the broader market.

In this market performance, approximately 1,153 stocks moved up, painting an optimistic picture, while 885 stocks experienced declines.

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.

It took only 61 trading sessions for the Nifty50 to leap from 20,000 to 21,000 points, underscoring the rapid growth in the Indian stock market.

On the domestic front, domestic institutional investors (DIIs) were net buyers of Indian stocks today, buying Rs 2,360.81 crore worth of shares. This helped to boost sentiment and push the markets higher.

In a lackluster trading session, both the Nifty and Sensex displayed a lack of direction, closing unchanged. Mid-caps remained largely stagnant, with Small-caps managing to take out limited gains of 0.3 per cent.

In the last month, the Nifty 50 increased by 2.81 per cent, while Nifty Realty saw an impressive 20.30 per cent rise. Notably, penny stocks, often considered risky, outperformed expectations. About 20 penny stocks surged over 20 per cent in a month and 50 per cent in a year.

The overall sentiment in the broader market appeared negative, as around 460 stocks advanced, while 1,475 stocks recorded declines. This suggests a more bearish outlook in the broader market.

Market breadth appears favorable, with approximately 2340 stocks advancing compared to 608 stocks declining. This positive breadth suggests an overall optimistic sentiment prevailing in the broader market, indicating a potentially promising trading day ahead.

The Indian equity market has seen a remarkable surge in performance, particularly within the broader equity indices.

The market breadth remains optimistic, with approximately 2383 stocks advancing in contrast to 1146 stocks experiencing declines. This distribution underscores the prevailing positive sentiment evident within the broader market.

With 2,152 shares declining on the BSE and 1,488 shares rising, the advance-decline ratio strongly remained in favour of declines.

With optimism in the small-cap sector stocks, the advance-decline ratio reveals that approximately 1,600 stocks are on the rise, while 1,323 stocks are experiencing declines.

With a market capitalization of just Rs 325 Crore, the stock has displayed remarkable performance in recent times, delivering  an impressive 288 per cent return in the last two years and over the last three years would leave investors stunned, which is around 1273 per cent.  

As per the report, working women who engage in both online and offline cosmetic shopping tend to spend 1.6 times more than the average amount spent by all cosmetic buyers.  

The Indian stock market maintained its upward trajectory, with the Sensex recording an impressive gain of 220 points and the Nifty trading 60 points higher, indicating continued investor confidence.

On July 7, foreign institutional investors (FII) purchased shares worth Rs 790.40 crore, while domestic institutional investors (DII) sold shares worth Rs 2,964.23 crore.

On Tuesday, it is expected that the market will open slightly higher based on the indication of the SGX Nifty, which shows a positive start for the benchmark indices. The SGX Nifty has gained 21 points since the opening of the session at 18,724 points. In early trade on June 27, SGX futures reached a high of 18,759 points.

On Monday, the market is expected to open with a slight decline as indicated by the SGX Nifty, which shows a negative start for the benchmark indices with a 60-point loss. The session began at 18,827 points. During early trade on June 26, SGX futures reached a high of 18,876.

The benchmark indices are expected to open slightly higher today, influenced by the positive start indicated by the SGX Nifty. The SGX Nifty began the session at 18,859 points and showed a gain of 51 points. In early trade on June 23, SGX futures reached a high of 18,923 points.

On June 20, the market is expected to open slightly lower as indicated by the SGX Nifty, which shows a negative start for the benchmark indices with a decline of 48.5 points. The session began at 18,827 points, and in early trade, SGX futures reached a high of 18,828.

On June 16, the market is expected to open with a slight increase as indicated by the SGX Nifty, showing a positive start for the benchmark indices with a rise of 78 points. The SGX futures reached a peak of 18,884 during early trading on the same day, after starting the session at 18,822 points.

On June 12, there are indications that the market will open slightly higher as the SGX Nifty suggests a positive beginning for the frontline index. The SGX Nifty has gained 70 points and commenced the session at 18,662, with SGX futures reaching a peak of 18,681 in early trade on the same day.

On June 9, the market is expected to open with a slight increase as indicated by the SGX Nifty, showing a positive start for the broader index.

Securities that are banned for trading in F&O segment on June 7, 2023 are Indiabulls Housing Finance, India Cements and Manappurram Finance.

With the SGX Nifty indicating a negative start for the broader index, opening the session at 18,697 and experiencing a loss of 30 points, it is expected that the market will open marginally lower on June 6.

Stocks rallied on Friday as traders grew hopeful of a US debt ceiling deal, avoiding a default. The Dow Jones climbed 1 per cent to 33,093.34, the S&P 500 gained 1.3 per cent to 4,205.45, and the Nasdaq Composite advanced 2.2 per cent to 12,975.69.

Today markets opened gap up and lost all strength to close around the day’s low. Nifty closed 18 points lower below the closing level of last trading session at 18,297 level. S&P BSE Sensex also closed nearly flat, 35 points lower at 61,904 level. Nifty Midcap 100 and Nifty Small cap 100 witnessed profit booking on higher levels but somehow it managed to close 0.3 per cent and 0.5 per cent higher.   

Indices engulfed the fall of last trading session and closed above it. Nifty rose 195 points to close 1 per cent higher at 18,264 level.  S&P BSE Sensex jumped more than 700 points and closed at 61,764 level. Nifty Midcap 100 and Nifty Small cap 100 also participated in the rally and closed around 1.02 per cent and 0.94 per cent higher respectively.

Indices witnessed strong profit booking session led by index heavyweight stocks because of MSCI adjustment factor. Nifty cracked 186 points to close 1 per cent lower at 18,069 level.  S&P BSE Sensex dropped more than 700 points and closed at 61,054 level. Nifty Midcap 100 and Nifty Small cap 100 also traded weak for the day to close around 0.70 per cent and 0.82 per cent lower respectively.   

Nifty rallied one way after the gap down opening because of global cues. The strong results of index heavy weight stocks like HDFC, Adani enterprises triggered short covering. S&P BSE Sensex jumped 555 points and closed at 61,749 level. Nifty Midcap 100 and Nifty Small cap 100 traded strong for the day to close around 0.58 per cent and 0.79 per cent higher respectively.

Nifty witnessed profit booking on higher levels. However, it managed to close in green around 0.46 per cent at the 18,147 level. S&P BSE Sensex closed near to opening levels at 61,354 level. Nifty Mid Cap 100 and Nifty Small Cap 100 traded strongly for the day and closed around 0.97 per cent and 0.69 per cent, respectively.  

Nifty closed near to opening levels at 17,769 level or 0.15 per cent. S&P BSE Sensex closed to technical resistance of falling trendline at of 60,130. Nifty Midcap 100 closed in red around 0.09 per cent and Nifty Small cap 100 closed in green around 0.51 per cent.

The stock is up by 21.27 per cent in 6 months and generated multibagger returns of 383 per cent last 3 years.  

Keep a close eye on this trending stock

The stock has witnessed heavy buying as it has given multibagger returns of more than 135 per cent in just 1 year

About 2198 shares have advanced, 1,319 declined and 119 are unchanged on BSE.   

Nifty-50 Index closed at 17,589.60, down by 0.98 per cent, while both the mid-cap index and the small-cap index closed negatively on broader markets 

The stock gave 24.05 per cent in 1 month and multibagger returns of 225.41 per cent in just 6 months.

About 1,672 shares have advanced, 1,672 declined and 133 are unchanged on BSE.   

In Q2FY23, net sales rose by 12.13 per cent and net profit skyrocketed 123.45 per cent over Q3FY22.  

The stock has a 52-week high of Rs 197 and a 52-week low of Rs 115.55.

The stock gave multibagger returns of 1,139.58 per cent in just 6 months whereas BSE small-cap index was down by 2.49 per cent.

They remain committed to upholding the highest standards of quality, professionalism and integrity throughout the duration of the contract. 

The company is one of the world’s largest processors of electronic transactions and price points for the travel and hospitality industry and is the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India

The stock gained multibagger returns of 288.54 per cent in just 6 months and over the course of a year, it generated returns of 955.36 per cent. 

About 1,256 shares have advanced, 2,334 declined and 169 are unchanged on BSE.

On BSE today, about 1,618 shares have advanced, 1,630 declined and 146 are unchanged.

The stock gave multibagger returns of 141.35 per cent in just 1 month whereas BSE Small-cap Index is down by 3.36 per cent.

Today, shares of the company saw a spurt in volume by more than 15.43 times on BSE.  

In the past 5 trading sessions, the stock has outperformed BSE Sensex, to surge more than 19 per cent. 

The stock gave multibagger returns of 161.22 per cent in just 1 month and in 6 months it gave returns of 229.54 per cent.

The important point is the fact after Adani Enterprises’ inclusion in the Nifty50 index, it forced exchange-traded funds (ETFs) and index funds- on which rides a lot of pension money to buy the stock that traded at an astronomically high P/E multiple.

The company informed the exchange that it has received highest ever quarterly bookings in Q3 FY 23, which witnessed a growth of 58 per cent on YoY basis to Rs 250 crore

The stock gave multibagger returns of 119.40 per cent year-to-date while BSE Small-cap Index plunged 1.85 per cent.

Recently, the board informed the exchange that they are considering cash infusion through a preferential issue of warrants of Rs 127.23 crore

The company has shown positive traction as it has given multibagger returns of over 247 per cent in just 6 months and over 149 per cent in 1 year. In the past 5 trading sessions, the stock has been hitting consecutive upper circuits and has jumped more than 20 per cent. On a monthly basis, the stock has given outstanding returns of over 73 per cent.  

About 1,396 shares have advanced, 1,986 declined and 142 are unchanged.   

The company has given multibagger returns of more than 419 per cent in just 1 year and more than 136 per cent in the last 6 months

As per the Consent Award, ZESCO shall, by August 2023, discharge the outstanding and overdue arrears aggregating to about US$ 518 million as of October 31, 2022 after adjusting for a cash discount of US$ 60 million, extended by MCL

The company informed the exchange, through its press release, that it has sold 5.45 per cent of its equity holding in Dev Accelerator Pvt. Ltd. ( DevX) , a managed co-working space business, at a valuation of 104 crore.

The company is the largest manufacturer of large-size plastic drums with a market share of 60 per cent, the second largest manufacturer of composite cylinders and the third largest intermediate bulk container manufacturer.  

The company believes this acquisition will provide new business opportunities for the company to venture into real estate business, which will provide higher value proposition to all its stakeholders. 

Recently, the company announced the issuance of bonus shares along with a stock split of the equity shares of the company.

The stock delivered a multibagger return of 135.38 per cent in just six months, while the BSE Sensex gained only 17.84 per cent.

On Tuesday, shares of Containe Technologies surged 5 per cent from the previous closing level of Rs 90.70, to touch the upper price band of Rs 95.20.

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent. In the most recent quarter, promoters reduced their stake by 29.45 percent in Q2FY23 compared to Q2FY22. 

Wall Street indices ended lower overnight after the latest Fed rate hike. Mirroring the weakness on Wall Street, the majority of global indices witnessed a downturn. 

The shares are currently trading at Rs 298.70 per share, a 1.13 per cent decrease. The company's stock price CAGR over a year is 42 per cent. Investors should keep an eye on this stock for upcoming trading sessions.

The stock surged 5 per cent on Thursday. 

The stock gave multi-bagger returns of 214.18 per cent in just 1 month. In addition, the stock gave a multi-bagger return of 360 per cent in just 6 months. 

The stock delivered a multi-bagger return of 112 per cent in just six months, while the BSE Sensex gained only 19 per cent. In addition, the stock has gained 93 per cent year to date.

The shares of the company closed in the upper circuit today, up 3.07 per cent to Rs 1731 per share.

The stock skyrocketed more than 145 per cent in five years.

Presently, the company is the largest manufacturer of stainless steel seamless and in welded pipes and tubes, nickel alloy pipes & tubes and titanium welded tubes.

The stock has returned 220 per cent in the last 5 years, 1,073 per cent in the last 3 years and 287 per cent in the last 1 year alone.

Today, the stock of this company was locked at 20 per cent at Rs 12.24 per share.

The current PE and ROCE for this stock are 39.3 per cent and 19.20 per cent, respectively.

These could be constructed as a broad-based index that captures the entire market, such as a small-cap index, mid-cap index, large-cap index, etc.

The project is spread over 2.5 acres and has approximately 5.3 lakh square feet of carpet area for sale.

The stock is experiencing heavy fresh buying as spurt in volume was more than 4 times on session today.

Today, the stock of this company was locked at 20 per cent at Rs 17.92. 

The company has signed MOU for manufacturing electric vehicles and planning to export the same in the future.