Zubu Client Sentiment Nifty50 Report & Market Recap (Nov-22-2021)

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

Zubu Client Sentiment Nifty50 Report Nov-22-2021

Nifty50 retail trader data shows 55.88% of traders are net-long, while the number of traders net-short was 44.12%. FII’s created few longs 2075 & shorts 670, while retailers created few longs 2490 & huge shorts 8244.

Cash Market  Data

FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII/FPI 22-Nov-21 11705.76 15144.52 -3438.76


DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 22-Nov-21 7927.88 5876.7 2051.18

Nifty50: 17,416 ▼-348.2 (-1.9%) Sensex: 59,636 ▼-1170.1 (-1.9%)

The markets faced intense selling pressure today. Of the Nifty50 pack, 41 stocks declined. All Nifty sectoral indices posted losses with PSU Bank (-4.5%) and Realty (-4.1%) being the top losers.

Top gainers Today’s change
Bharti Airtel ▲ 3.7%
JSW Steel ▲ 1.6%
Asian Paints ▲ 1.1%

Top losers Today’s change
Bajaj Finance ▼ 5.6%
Bajaj Finserv ▼ 4.8%
Tata Motors ▼ 4.5%

IPO debutants face selling pressure

Shares of four out the seven companies, which listed on the exchanges this month, are trading below their respective issue prices. Digital payments major Paytm, fintech player Fino Bank and decorative aesthetics supplier SJS Enterprises have witnessed sharp corrections in the range of 20% to 37%.

Similarly, shares of KFC franchise operator Sapphire Foods have also pared their listing gains. Whereas, Nykaa, PB Fintech and Sigachi have managed to buck the trend and continued to trade at a premium, ranging from 27% to 230%, as compared to their respective issue prices.

Airtel to raise mobile tariffs

Telecom major Bharti Airtel will hike it’s prepaid tariff rates by 20-25%. This will come into effect from November 26. As per the company, the mobile Average Revenue Per User (ARPU) needs to be at ₹200 and eventually ₹300.

In the September quarter, Airtel’s ARPU stood at ₹153. The company believes that by raising ARPU, it will be able to make investments in the network, spectrum, and also roll out 5G in India. Bharti Airtel was top gainer in the Nifty50 pack today. Meanwhile, the rub-off effect was also seen on the shares of Vodafone Idea, which were up 7%.

Domestic air passenger volumes take off

Domestic air passenger volume rose about 70% year-on-year in October 2021 to nearly 90 lakh, according to the regulatory body DGCA. Meanwhile, market leader IndiGo’s market share dipped to 53.5% from 56.2% in September.

Whereas, the budget carrier SpiceJet’s market share rose from 8.5% to 9.0% in October. Air India, which recently got a new owner, had a market share of around 12%. In terms of share price movement, shares of IndiGo have been flat so far this month, those of SpiceJet have risen nearly 11%.

Closing bell

Indian markets witnessed broad-based selling and brushed aside positive cues from major Asian and European indices today. It is normal to see some buying reaction after sharp corrections. However, it would be helpful for traders to analyse the market mood i.e. whether it is a buy-on-dip or sell-on-rise type of a market. Meanwhile, the India VIX surged 18% today and indicated that traders expect volatility to rise in the coming weeks.