Zubu Client Sentiment Nifty50 Report:
It is a Post Market Analysis, by which one can understand Retail trader’s sentiment and discover who was going long and short, the percentage change over time, and whether market signals are bullish or bearish
Nifty50 retail trader data shows 51.01% of traders are net-long, while the number of traders net-short was 48.99%. FII’s unwinded few longs -1869 & created huge shorts 6189, while retailers created huge longs 14041 & shorts 4395.
Nifty50: 17,516 ▲+47 (0.2%) Sensex: 58,807 ▲+157 (0.2%)
Nifty50 managed to close in green amidst a volatile session. 26 stocks from the Nifty50 pack advanced. Among the Nifty sectoral indices, Media (+3.5%) and FMCG (+1.4%) were the top gainers.
Banks (-0.5%) and Financial Services (-0.4%) indices were the top losers.
Top gainers Today’s change
ITC ▲ 4.9%
L&T ▲ 3.0%
Asian Paints ▲ 2.2%
Top losers Today’s change
HDFC Bank ▼ 1.7%
Titan ▼ 1.3%
Nestle India ▼ 1.1%
RateGain IPO oversubscribed
The IPO of software as a service provider RateGain was oversubscribed more than 17 times on Day 3. Similarly, IPOs of real estate developer Shriram Properties and digital maps provider CE Info Systems have also received strong interest from investors.
Shriram Properties was oversubscribed more than 1.5 times on Day 2. Meanwhile, CE Info Systems, which operates under the brand name MapmyIndia, was oversubscribed 1.7 times on Day 1. Further, footwear maker Metro Brands is all set to launch its IPO tomorrow.
Sugar stocks sparkle
Shares of major sugar makers were upbeat today. Industry experts believe that sugar prices in both domestic and global markets will remain firm for at least the next one year.
The sugar industry has seen a substantial reduction in inventory over the last one year. This, in addition to the increasing diversion of sugarcane towards ethanol production, is keeping sugar prices up.
RailTel rises on Ircon order
Information and communications technology (ICT) infrastructure provider RailTel has announced that it has received orders worth ₹210 crore from Ircon International. The orders are for the commissioning of a tunnel communication system on a section of the Jammu Kashmir Rail Link Project. The project is to be completed within a period of 12 months.
The public sector player listed on the exchanges in February 2021. Since then, the stock is up over 30% from its issue price.
While the markets rose for the third day in a row, it was a volatile and range-bound trading session. The Nifty50 lacked clear direction. Further, the cues from the international indices were a mixed bag. The fading virus scare and upcoming festive season are adding cheer to multiplexes, hotels and travel services stocks. Meanwhile, banks saw some profit booking after rising sharply in the past two sessions.