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Time of India
29 minutes ago
- Time of India
Retail investors drive Margin Trading Funding to record high in August despite market haze
Margin Trading Funding (MTF) in India reached a record high in August, exceeding ₹96,000 crore, reflecting strong investor confidence despite market fluctuations. This surge indicates a growing appetite among retail investors to borrow for stock market investments. Hindustan Aeronautics, Tata Motors, and TCS are among the most traded stocks using borrowed funds, highlighting specific investment preferences. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Retail investors ' appetite to borrow to bet on shares remains undeterred despite the recent haze in the market. Money borrowed under brokers' Margin Trading Funding ( MTF ) facility-a system allowing investors to borrow to buy shares they cannot afford - surged to a record high in August, highlighting the continued risk-on total MTF book stood at above ₹96,000 crore in August against nearly ₹88,000 crore at the end of June. In September 2024 - when the bull run was at its peak - the MTF book was at around ₹85,400 crore."The record high levels in the MTF book reflect strong investor sentiment, indicating confidence after we faced a prolonged correction since September, which has now started reversing," said Suresh Shukla, chief business officer, SBI margin funding, investors buy stocks by paying up only part of the total value, while brokers fund the rest of the purchase by charging an interest rate. Most brokers charge interest rates in the range of 9-15% per annum for an investor buys a share worth ₹100 under the MTF facility, she will need to bring in only 20% of the transaction value, or ₹20, while the remaining 80%, or ₹80, is covered by the brokers. Investors could also pledge their shares in their demat accounts as collateral as part of the margin usually provide a leverage of 3-4 times the margin amount. Regulatory actions in the past year discouraging retail investors from trading in futures and options may have boosted the demand for the margin funding facility. In last three months, the MTF book surged 33% while the benchmark Nifty gained 1.3% in the same period."MTF is easier to comprehend for retail investors compared to F&O trading," said Ashish Nanda, president & digital business head, Kotak Securities. "It is a high-risk high high-conviction tool for short term, albeit less risky than derivatives."After a record-breaking rally that peaked in September, the MTF book had declined to ₹71,000 crore in March following the market slump. It resumed its upward trajectory in April in the face of the market rebound. Hindustan Aeronautics (HAL) is the most traded stock with borrowed funds from margin trading, with a combined amount financed of about ₹1,373 crore. Tata Motors and Tata Consultancy Services (TCS) also have funded bets worth ₹1,337 crore and ₹1,249 crore, respectively. Jio Financial Services and Reliance Industries have an outstanding MTF positions of over ₹1,000 crore a record-breaking rally that peaked in September, the MTF book had declined to ₹71,000 crore in March following the market slump. It resumed upward trajectory in April in the face of the market is the most traded stock with borrowed funds from margin trading, with a combined amount financed of about ₹1,373 crore. Tata Motors and TCS also have funded bets worth ₹1,337 crore and ₹1,249 crore respectively. Jio Financial and Reliance Industries have an outstanding MTF positions of over ₹1,000 crore each.
Mint
29 minutes ago
- Mint
Best stocks to buy today—recommended by NeoTrader's Raja Venkatraman for 6 August
On Tuesday, the markets continued to fail at the final altar a day ahead of the Reserve Bank of India's monetary policy meeting, proving that the trends are still under heavy weather and the prospects of going higher now rests on Bank Nifty. A testing time for traders. Best stocks to buy today as recommended by Raja Venkatraman of NeoTrader LUMAXTECH: Buy CMP and dips to ₹1,150 | Stop: ₹1,135 | Target: ₹1,298-1,335 RSYSTEMS: Buy CMP and dips to ₹420 | Stop: ₹410 | Target: ₹470-490 ASTERDM: Buy above ₹601 and dips to ₹585 | Stop: ₹578 | Target: ₹639-655 The stock market on Tuesday Stocks opened with renewed selling pressure, with the Nifty 50 slipping below 24,700 to trade about 90 points lower and the Sensex down by about 300 points. Renewed US tariff threats dented sentiment, while the rupee tumbled to a six-month low, intensifying concerns over capital outflows and import costs. Among movers, IndusInd Bank Ltd bucked the trend, surging 5% after the appointment of a new CEO and managing director, whereas DLF and Aurobindo Pharma traded in the red on earnings. Market breadth was mixed as the Nifty Smallcap rebounded from intraday lows, but the Nifty Midcap underperformed the gauge. Attention turns to the weekly expiry of August Sensex futures and options and RBI's Monetary Policy Committee meeting for cues on volatility and liquidity. Key results from Bharti Airtel, Adani Ports, Berger Paints, Lupin, Exide Industries, Gujarat Gas, MTAR Technologies, NCC, and Torrent Power guide sector rotations and near-term market direction. Outlook for trading Moving to the charts, the trends have been largely oriented towards trading rather than investing. On the daily charts, the KS support area around 24,500, combined with the median line support, has helped prices revive. Also, the support marked at (3) is now beginning to get tired, which could prove to be a blow to investment sentiment. The alternating candles seen in the daily chart of Nifty in the August series does not bode well for the market. The trend suggests that last week's rally was holding the resistance zone. The gap-up opening ensured that prices traded above the range area that has developed in recent days. Investors should track ongoing trends as the upmove needs to continue its way above 25,000 (Nifty Spot) to renew the bullish bias. Momentum on hourly charts indicates that the prices, after settling down, seem to have witnessed a resumption of selling pressure. With the gradual and hesitant rise emerging from lower levels we can expect the rise to remain hesitant. For undertaking shorts, we need to see the Nifty move below 24,500 for a potential drop towards 24,200 and 24,050, as per the Open Interest data a sharp fall is expected once key resistance levels break. With the Nifty closing below the Max Pain at 24,700 we should look to approach this expiry cautiously. If we witness a 30-minute range breakdown today, we can consider trading on either side as the trends remain tentative and we expect some resistances to kick in. As a ranging market is in play, we need to be quick in profit-taking as the trend does not have sufficient steam to move strongly in either direction. Readings from the Option data suggest that PCR has moved to 0.73, indicating that the trends are facing some pressure at higher levels. An important stage with some steady Call writing at the 24,800 level continues to be a hurdle for recovery levels fighting the buying interest at every rise. At this juncture, we have to pay attention to multiple news triggers—a combination of US tariff threats, cautious investor sentiment, and domestic economic challenges—that have contributed to the sharp market decline and volatility in the rupee. Three stocks to buy today LUMAXTECH: Buy CMP and dips to ₹1,150 | Stop: ₹1,135 | Target: ₹1,298-1,335 The last two days prices are holding a bullish bias. The possibility of more upward traction has also emerged, as the stock has moved above recent highs. As momentum remains resolute, one can expect more upside in the next few days. RSYSTEMS: Buy CMP and dips to ₹420 | Stop: ₹410 | Target: ₹470-490 ASTERDM: Buy above ₹601 and dips to ₹585 | Stop: ₹578 | Target: ₹639-655 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
29 minutes ago
- Mint
Best stock recommendations today: MarketSmith India's top picks for 6 August
Technically, the Nifty 50 continues to find support at its 100-EMA, providing short-term stability. The RSI has been moving sideways and is currently positioned at 40, indicating a lack of momentum. Additionally, the MACD remains in a negative crossover, trading below both its signal line and the zero axis. This combination of indicators suggests a cautious near-term outlook, with momentum still subdued. A strong reversal seems unlikely unless the index decisively breaks through key resistance levels, accompanied by sustained buying pressure. Two stock recommendations by MarketSmith India: Bharti Airtel Ltd (current price: ₹1,931.8) Why It's recommended: Strong financial performance, diversified business model, technological advancements, and international expansion Key metrics: P/E: 40.44 | 52-week high: ₹2,045.80 | Volume: ₹996.80 crore Technical analysis: Reclaimed its 50-DMA Risk factors: Regulatory and legal risks, geopolitical and currency risks in international markets, operational and strategic risks Buy: ₹1,912–1,970 Target price: ₹2,090 in two to three months Stop loss: ₹1,850 Fertilizers and Chemicals Travancore Ltd (current price: ₹968) Why it's recommended: Strong government backing and market position, healthy capacity utilization and operating scale, diversified product mix and engineering services Key metrics: P/E: 3,645.33 | 52-week high: ₹1,070 | Volume: ₹134.93 crore Technical analysis: Downward-sloping trendline breakout Risk factors: Regulatory and subsidy risk, feedstock constraints and input cost pressures Buy at: ₹955–970 Target price: ₹1,060 in two to three months Stop loss: ₹925 How Nifty 50 performed on 5 August Indian equity indices gave up part of their previous session's gains to end lower, with the Nifty closing below 24,700, pressured by broad-based sectoral selling, barring Auto stocks. The Nifty 50 declined 73.20 points, or 0.30%, to settle at 24,649.55. After a muted start, markets slipped into the red following recent statements from the US President. The Nifty briefly fell below 24,600 during intraday trade. However, selective buying in Auto stocks helped pare some of the losses. Sector-wise, the Nifty Auto rose 0.4%, emerging as the lone gainer, while Banking, IT, Oil and Gas, FMCG, and Pharma sectors declined around 0.5% each. In today's trade, both benchmark indices declined in three of the last four trading sessions, resuming their downward trend after Monday's brief pause. Technically, the Nifty 50 continues to find support at its 100-EMA, providing short-term stability. The RSI has been moving sideways and is currently positioned at 40, indicating a lack of momentum. Additionally, the MACD remains in a negative crossover, trading below both its signal line and the zero axis. This combination of indicators suggests a cautious near-term outlook, with momentum still subdued. A strong reversal seems unlikely unless the index decisively breaks through key resistance levels, accompanied by sustained buying pressure. According to O'Neil's methodology of market direction, market status has been downgraded to an "Uptrend Under Pressure" as the Nifty breached its "50-DMA" and the "distribution day count" rose to seven. The index continues to exhibit a consolidation pattern, trading firmly above its 100-EMA and oscillating within 24,500-24,800. A decisive breakout above 24,900 could signal renewed bullish momentum, potentially propelling the index toward 25,300. On the downside, immediate support lies in 24,480-24,400, where buying interest may emerge. However, a breach below this range could open the door for a corrective move toward 24,200. Price behaviour around these critical levels will be key in shaping the index's near-term trajectory. How Nifty Bank performed yesterday On Tuesday, the Nifty Bank opened on a weak note and experienced heightened volatility throughout the session. The index remained in negative territory and closed 259 points (-0.47%) lower. It formed a bearish candle on the daily chart, reflecting a lower-high and lower-low price structure. The index opened at 55,545.05 and traded within a narrow range, reaching a high of 55,648.15 and a low of 55,202.85. The persistent weakness suggests continued pressure, and the index's outlook remains bearish in the near term. The momentum indicator, RSI, continues to decline, currently hovering around 36, indicating a weakening underlying strength. In addition, the MACD formed a negative crossover, reinforcing the bearish momentum in the short term. Despite these technical challenges, O'Neil's methodology of market direction classifies Nifty Bank as being in an "Uptrend Under Pressure". This designation reflects a fragile market environment, characterized by growing caution and early signs of institutional selling, signalling potential risks in the near-term outlook. The Nifty Bank closed on a negative note and is gradually approaching its 100-DMA, currently positioned around 54,689, just 1.21% below the current level. This moving average could serve as a key support level, potentially prompting a trend reversal. However, a breach of this support may lead to increased negativity and heightened volatility, signalling further downside risks. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
