We’re happy to introduce our brand new order window on FYERS web-based on the valuable feedback of our customers! We’ve incorporated many of the suggestions that we received from the community. Placing orders is now much faster and effortless.
What's changed? A lot! Why? As we all know, timing is one of the most crucial aspects of trading, and hence, saving a few extra seconds while placing orders can make a big difference to your P&L! As a trader, you must have had many instances when you’ve missed out on entering or exiting some trades in just a few seconds and it surely doesn’t feel pleasant. Keeping this in mind, we’ve built the new order window to help you place orders really fast so that you can increase your productivity to the maximum extent and reduce the risk of missing out on opportunities.
Now let us understand the various new additions, modifications, and terminologies in the 'New Order Window.'
Modifications
Order types:
Let us start with the order types. This was one of the most challenging parts for us because many beginners were not able to easily distinguish between the various order types.
To solve this, we’ve made the following changes as displayed in the table below:
Old Order Types
New Order Window
Market
Enable Buy/Sell at Market
Limit
Disable Buy/Sell at Market
Stop
Enable Trigger Buy/Sell
Stop Limit
Enable Trigger Buy/Sell and Disable Buy/Sell at Market
If you're finding it hard to follow, please go through the video at the bottom of the article.
Enable Buy or Sell at Market for the Market order and Disable the same to place a Limit order.
Enable Trigger Buy/Sell to place Trigger order and Trigger limit.
Product types:
Previously, there were many products. However, it has been categorized primarily as Trade & Invest. Under trade, you can place Normal Intraday, Cover Order, & Bracket Order.
In contrast, you can place CNC orders and Carry Forward/Margin orders under Invest. The old and the new terminologies of the product types are displayed in the table below:
Old Product Types
New Product Types
Intraday, BO, CO
Trade
CNC & Margin
Invest
AMO
Schedule Order
Added Features
We have added multiple functionalities to the order window that could add significant value. They are listed below:
Basket Order: Enables you to add scrips to the basket in a single click without having to go to the basket order window.
Add funds: You can directly add funds by clicking on this option.
Hide order window: Helps you to hide the order window without losing the modifications made before placing the order.
User Settings: A new panel in the user settings has been incorporated to preset the desired conditions to make the order placement smooth and straightforward. This customizable feature adds value to the users who trade consistently.
Alerts have been included to help you keep your trades in check and alert you in case of crossing the condition such as Price, Stop-loss %, Order value (₹), and Max Loss (₹).
Price: Notifies when you place the order above or below the set percentage.
Stop-loss (%): Notifies when you try to place the stop-loss higher than the set percentage.
Order Value (₹): Notifies when your order value crosses the set limit.
Max Loss (₹): Notifies when the stop-loss is higher than the set condition.
Preset features: The Preset features will help you set the conditions of the default settings to make your life easier in terms of order placements. Put up your requirements and save the panel.
Position Sizing: This feature allows you to preset the percentage of funds to be utilized.
Stop-loss/Take profit: It allows you to enter stop loss and take profit in actual price/points/percentage.
Product Type: Using this option, you can set your default product type, such as Intraday, BO, CO, or Invest.
Order Type: You can use this option to select your default order type, such as Market, Limit, Stop, or Stop limit.
Unchanged Features
You may notice a few functionalities that are unchanged from the old order window, and they are as follows:
Disclose Qty: This feature allows you to disclose only a part of your actual quantity.
Validity: You can select the tenure of the order under this head.
Margin Details: The details of the required margins and your available funds will be displayed.
Buy/Sell Toggle option: Enables you to toggle between Buy and Sell without closing the order window.
You can refer to our Support Portal to understand the individual functionalities of the above features.
We hope this new feature enables you to save time and trade efficiently. We further pledge to work towards our products and adopt the simplistic ways of incorporating many more features and tools.
Do share your thoughts in the comment section below. Happy Trading!
We're thrilled to announce that the Minor Demat Account opening is now LIVE in FYERS. Secure your child's financial future! To know the procedure to open a minor account, Click here
The much-awaited LIC IPO is finally here and will be open for subscription soon. The good news is, the government has reserved 10% quota exclusively for existing policyholders and there are reports indicating up to 5% discount for them.
And what's more interesting is, in a first-of-its-kind, LIC has decided to create a 10% quota exclusively for existing policyholders and there are also reports indicating up to 5% discount for policyholders.
Here's a quick guide on how policyholders can be ready for LIC IPO. Two prerequisites to be eligible under the Policyholder category are -
PAN Details has to be updated in LIC records
Have a Demat Account with the same PAN which is linked to LIC Policy
Essentially, both the DEMAT Account and LIC Policy have to be associated with the same PAN Number.
How to link PAN to LIC policy for existing policyholders?
Having a Demat account is a prerequisite to participate in any IPO. At FYERS, You can Pre-apply for IPOs even before they are open to subscription.
Hurry up and open your FREE Demat Accountwith FYERS today and avail Zero Account Maintenance charges for a lifetime. Click here to open an account instantly
Adding nominees takes less than 5 minutes, and no documentation is involved. Investors are required to update nomination details in their Demat Account before 31st March 2023, failing which the accounts shall be frozen for trading or any other transactions. Visit our support to know more -
What are the trading topics you want us to make videos on? Let us know in the comments below. If you are yet to subscribe to our channel, click here - https://www.youtube.com/c/FYERS-Official/videos
“Whenever I see a stock market explode, six to twelve months later, you are in a full-blown recovery” – Stanley Druckenmiller.
Doesn’t seem that Stanley Druckenmiller was wrong. It took 205 days for Nifty 50 index to move from its lows of March to reach 12,000 level by October. That’s an impressive up move of 4,400 points, a whopping 58.6% return, as nations continue to counter the negative effects of corona virus pandemic on their respective economies.
Government of India’s Department of Economic Affairs in its monthly economic review highlights that the number of confirmed cases of COVID-19 globally now exceeds 4.6 crore with more than 12 lakh deaths. There has been a resurgence of new cases with daily cases exceeding 4 lakh per day, with particular concentration in United States, India, France, UK, Italy and Spain. After having ‘flattened the curve’ in May, many European countries are witnessing a second wave of infections forcing re- imposition of public health measures.
For India, growth in active cases has consistently stayed in negative territory since 3rd October and falling at the rate of 1.4%. As on 31st October, the total confirmed cases in India have crossed 80 lakh – India took 169 days to reach its first 10 lakh cases, and 21, 16, 13, 11, 12, 13 and 18 days to reach its subsequent 10 lakh cases. The recovery rate improved to above 90% as on 31st October vis-à-vis 83.3% as on 30th September. Case fatality rate continued to decline to 1.48% by October end, as compared to 1.57% by end of September.
While the outlook seems encouraging and restrictions on economic activity continue to be relaxed in a phased manner, it is the responsibility of all citizens to continue with the precautions and follow the stated guidelines. Commercial availability of the corona virus vaccine is still some time away. Responsibility towards health has no equal and should be the priority of all citizens.
In October, stock markets did reflect the health concerns of their respective countries. The Hong Kong stock market took the top position of the best performing index, followed by Philippine Stock Exchange and Shenzhen Stock Exchange. Among the worst performers was the German Benchmark, accompanied by Polish and Russian indices.
Major Indian indices were among the top performers, with bouts of volatility impacting the overall returns for the month. While Nifty 50 and Sensex 30 returned 3.5% and 4% respectively, the Nifty Bank index, after almost 6 months of underperformance, sprang to life, returning a stunning 11.5% for the month of October.
Nifty realty and services followed with 8% returns each, while IT and metals returned 4.9% and 4.5% respectively. Media, pharma, auto, FMCG, energy as well as the broader indices like small and midcaps delivered mildly negative to flattish returns.
Among Nifty 50 stocks, Kotak Mahindra Bank led from the front, with 22% return, followed by Axis Bank at 16% and Tech Mahindra at 14%. The losers list was led by HDFC Life Insurance at -11%, joined by Wipro at -9.9% and Britannia at -8.5%.
With the results season off to a start, many companies declared results supporting their recent outperformance, in turn leading to profit booking across some counters like Britannia, Wipro, Dr. Reddys etc.
After pulling out Rs.11,410 crores from the equity cash market segment in September, FIIs were back in force with a Rs.14,500 crore investment while DIIs continue to sulk with an outflow of Rs.17,310 crore this month, following a meager investment last month.
BSE equity market capitalization for the month rose by Rs.2,67,982 crore, much better than the Rs.147,965 crore witnessed in September. High volatility prevailed in the second half of the month, which saw a market capitalization erosion of RS.7.20 lakh crore in just 4 trading sessions.
USD-INR saw a change with the rupee depreciating against the dollar from 73.57 at the beginning of the month to end at 74.55, a fall of 1.33%.
Foreign exchange reserves for the 4 weeks since 25th September ended at US$560.5 billion, increasing US$18.5 billion, marking an appreciable jump.
Commodities had a mixed month with natural gas raising 39% while precious metals like gold, silver, platinum etc witnessed correction in prices. Zinc, Nickel, Aluminum, Copper and Lead were the other notable gainers. Crude prices fell due to a possible continuation of output reduction due to lower demand and higher inventory.
Orange juice seems to be having a good year, probably due to the immunity boosting properties as a counter to corona virus infections.
In Rupee terms, gold price per 10 grams moved from Rs.50.325 last month to Rs. 50,645 as Nifty 50 moved from 11,247 to 11642. Gold continues to under perform due to return of economic activity and investors opting for equities as an asset class.
While this wraps at the stock market and commodities in general, lets take a look at the Indian economy and the latest situation across sectors. Economic activity surged during the month, with high frequency indicators indicating an uptick in general. Healthy Kharif output, power consumption, rail freight, auto sales, vehicle registrations, highway toll collections, e-way bills, rebound in GST collections (greater than Rs. 1 lakh crore) and record digital transactions are a reflection of improved activity. Manufacturing Purchasing Managers’ Index rose from 56.8 in September to 58.9 in October. Analysts believe that the festive season currently underway can enhance prospects of a speedy economic normalization.
World over, economies are witnessing a ‘V’ shaped recovery and reporting better than expected GDP growth numbers. All major economies like US, China, UK, Japan are reporting higher activity in services as well as manufacturing, with gradual relaxation of restrictions.
However, in recent weeks, a second wave of corona virus infections are providing reasons for reimposition of lockdowns. Many western and European countries have reimpose restriction on movement of people, goods and services, which would dampen fourth quarter GDP growth of their respective economies.
In India, inflation continues to remain at elevated levels, beyond the 7% mark, owing to high food prices. Since December 2019, inflation has averaged above 6% due to supply chain disruptions.
The Monetary Policy Committee (MPC) constituted to manage inflation hasn’t been effective and at the end of their 1-year term, has been reconstituted with new members in the panel. While RBI and MPC prefer growth at this point, inflation still has to be brought down to the prescribed levels by addressing supply side issues.
On the monsoon front, the country received 109% rainfall of the Long Period Average (LPA) in the season this year, with 86% of the sub-divisions receiving normal and above normal rainfall. This augurs well for upcoming Rabi sowing and rural demand. The first advance estimates (AE) of production of major kharif crops for 2020-21 placed food grains production at 1,445.2 lakh tonnes, 0.8% higher than last year.
Automotive sector saw better times, with increased dealer level inventory, due to expectations of higher demand during festive season and restocking of newer models. Vehicle registration data showed marked improvement but OEMs aren’t sure of the demand continuation beyond the festive season.
Industrial production is showing signs of recovery with year-on-year (YoY) growth in IIP showing a smaller contraction in August at 8.0% as compared to 10.8% in July. However, it contracted on a sequential basis by 1.3% as compared to July, 2020.
As per department of commerce, Ministry of Commerce and Industry, after a strong rebound in September, India’s merchandise exports at USD 24.8 billion contracted by 5.4% in October 2020 as against USD 26.2 billion in October 2019, primarily driven by weak oil exports. India’s merchandise imports in October 2020 stood at USD 33.6 billion as against USD 38.0 billion in October 2019, with YoY contraction easing to 11.6% from 19.6% in September 2020. This resulted in a higher merchandise trade deficit of USD 8.8 billion, as against the deficit of USD 11.8 billion in October 2019.
Rice, organic and inorganic chemicals saw an increase in exports, with pearl and precious stones as the most imported items. Among the declining exports, petroleum products saw a considerable change, while imports of electrical machinery and transport equipment were notable items.
India’s overall trade balance (Merchandise and Services combined) is estimated to be in surplus at US $ 17.7 billion in 2020- 21 (April-September), with overall exports and imports estimated to be US$ 221.9 billion and US$ 204.1 billion respectively.
Another highlight of the month was the announcement of quarterly results by Indian companies. On an overall basis, many sectors performed better than analyst expectations, giving opportunities to rerate some of the companies. Many sectors including airline, hotel and hospitality industries need more time to get back to normalcy. A look at the top 25 companies (by market cap) in totality shows that the recovery in Q2FY21 has been much better than expected, in comparison on a quarter on quarter as well as on a year on year basis. But, barring notable exceptions like Bharti Airtel, Sun Pharma and banks – ICICI, SBI, Axis – the financial performance was average.
A quick look at the top 100 companies and their financial performance on a YoY and QoQ basis.
What does November hold for Indian stock markets?
The US presidential election, considered to be a major event for the markets, is turning out to be a non-event, at least till now. As I write this newsletter, the counting is still in progress and final announcement is awaited. But stock markets seem to have started out on a strong foot already and the trends of previous years might not provide any useful trends to a trader or investing.
Nifty is currently within shouting distance of its previous all-time high, and there is a strong possibility of the index making fresh all-time highs in this month. However, that doesn’t call for throwing caution to the wind and forgetting basic principles of trading and investing.
In recent times, post US presidential elections, the returns have been mixed over the next 3 months. Sometimes positive and sometimes, negative. Stock market participants are expected to exercise caution and do better.
“Everyone has the brainpower to make money in stocks. Not everyone has the stomach.” – Peter Lynch.
For September, in line with global stock markets, Indian markets witnessed sufficient volatility. After three months of gains between Jun to Aug, Nifty50 ended 1.23% down. A tale of two halves, with a precipitous fall of almost 800 points in the third week, to recover a little by the month end. The index ended in the positive in only 10 out of the 22 trading sessions in the month.
Many reasons can be attributed for this volatility, especially with the confirmed cases of corona virus hitting a peak of close to 1 lakh cases by mid of September. By month end, the daily cases subsided below their seven-day moving average, to provide some respite.
While trials for the vaccine continue at an accelerated pace, the solution remain elusive, and vaccine is still quite a distance away from commercialization.
Of the 44 world indices, 35 of them ended in the negative territory for the month. This was a big flip considering that only 5 indices ended in the red in August. The HNX30 Index, which tracks the performance of the 30 largest stocks on the Hanoi Stock Exchange, was the best performing index with 7.14% gain, followed by the Borsa Istanbul 100 Index ending with 6.18% gain.
Indonesia’s IDX Composite was the worst performer, with a 7.03% fall, accompanied by Hang Seng at 6.82%. The average fall among all losing indices was 3.62% and Nifty 50 fared better in comparison.
While Nifty 50 performance was negative, the broader markets performed well, with Nifty Small Cap 100 index delivering a 4.19% return, followed by Nifty Midcap 100 index ending with a 1.85% return. Among the sectoral indices, Nifty IT was the top performer with 11.28% return, followed by Nifty Pharma at 6.26%. PSU indices continue to lag the general market by a wide margin, delivering negative returns, greater than 11%.
Among Nifty50 stocks, Dr Reddys Labs delivered the best returns for the month at 21.65%, followed by HCL Technologies at 16.88% and Wipro at 15.57%. Only 17 stocks from the index gave positive returns for the month.
On a quarterly basis, JSW Steel topped the index stocks at a whopping 46.69% gain, accompanied by HCL Technologies at 45.75% and Titan at 45.20%. Among the worst performers was Bharti Airtel at -24.81%, impacted by the AGR dues case, MSCI rejig confusion and fall in subscriber base. GAIL, ONGC and IOCL were the other large losers. 16 stocks gave negative returns for the quarter ending September.
Unlike August, where FIIs invested ~Rs.15,750 crore, the month of September saw them pulling out Rs.11,410 crore, especially in the last 7 trading sessions. DII buying was flat and unable to soften the impact of FII selling.
Irrespective of this mismatch, BSE equity market capitalization rose by Rs.147,965 crore, much lesser in comparison to the Rs.637,000 crore in August or Rs.798,000 crore in July.
The Rupee witnessed marginal depreciation against the Dollar, falling from 73.25 to 73.57 during the month.
Foreign exchange reserves increased by US$590 million, rising from US$541.43 billion for the week ending 25 August to US$542.02 billion for the week ending 25 September. Fall in gold prices dented the reserves by US$1.2 billion.
Most commodities barring Palladium fell considerably, with silver losing 18.25%. Similar to other industrial metals, lower demand for crude, due to slower economic recovery, continues to impact the prices and remain range bound.
Gold continued to trend lower continuously from its all-time highs. After losing ~Rs.2000/10 gm in August, it lost a further Rs.900/10gm during the month.
World economies continue to pledge and deploy more monetary stimulus to aid the recovery as needed, as the effect of corona virus pandemic hasn’t abated yet. United States revealed a US$2.2 trillion package that aims at distributing checks to the populace. US Real Gross GDP decreased at an annual rate of 31.4% QoQ in Q2CY20.
While this wraps up the stocks and commodity market, let’s look at the domestic events that influenced the Indian economy.
ICRA revised its forecast for GDP contraction to 11% YoY from 9.5% YoY forecasted earlier for FY21. However, ICRA retained its earlier forecast of fall in GDP at 12.4% YoY in Q2FY21. The agency revised its projections for GDP decline to 5.4% YoY from 2.3% YoY for Q3FY21 and to 2.5% YoY from earlier projection of 1.3% YoY growth in Q4FY21 (Source: HDFC Securities).
CARE Ratings has pegged India’s combined fiscal deficit at 13-13.4% of GDP for FY21, assuming no further fiscal stimulus. While the Centre’s deficit is expected to touch Rs.17.8 lakh crore against the target of Rs.8 lakh crore, the states are likely to record a deficit of Rs.7.73 lakh crore over the budgeted Rs.6.35 lakh crore.
The latest CII Business Confidence Index moved up to 50.3 in Q2FY21, a far cry from the low of 41.0 seen in Q1FY21.
Non tax revenue collection in the current financial year stood at Rs.84,000 crores, with corporate tax collection at Rs.95,530 crores; Direct tax revenue stood at Rs.3.59 lakh crore.
According to Department for Promotion of Industry and Internal Trade, FDI equity inflows into India contracted by 60% YoY to US$6.56 bn during Q1FY21. The overseas inflows during same period last year stood at US$16.33 bn.
Kharif crop sowing accounted for 111.363 hectares, a 5.7% rise on a year on year comparison for April – September period.
As per sources, food grain production target for the crop year 2020-21 is set at 301 mn tonnes (MT), up nearly 1.5% from the previous year’s output, owing to good monsoon and sowing across a higher acreage. Rice production target fixed at 119.6 MT, with wheat output target at 108 MT.
Inflation continues to remain on the higher side, much above RBI’s mandate or expectations. Since December 2019, inflation has persisted above the 6% mark, with food inflation still continuing in high double-digit range. Supply chain disruptions due to lockdowns could have been the cause in the earlier part of the year but abatement is still some distance away.
RBI data indicates that, India’s current account balance recorded a surplus of US$19.8 billion (or 3.9% of GDP) in Q1FY21. This contrasts with deficit of US$15 billion (or 2.1% of GDP) in Q1FY20. In Q4FY20, the surplus stood at US$0.6 billion or 0.1% of GDP.
India’s overall exports (Merchandise and Services combined) in April-August 2020-21* are estimated to be US$182.13 billion, exhibiting a negative growth of (-)19.32% over the same period last year. Overall imports in April-August 2020-21* are estimated to be US$167.94 billion, exhibiting a negative growth of (-) 38.00% over the same period last year.
Imports in August were US$29.47 billion, a decline of (-) 26.04% lower in Dollar terms and (-) 22.38% in Rupee terms over imports in August 2019. Major commodity groups of import showing negative growth in August 2020 over the corresponding month of last year are:
Fiscal deficit during April-August of FY21 stood at 109.3% of the annual target estimated in the budget. In absolute terms, at Rs.8.7 lakh crore.
Output of eight core infrastructure sectors dropped by 8.5% YoY in August 2020 vs 0.6% YoY contraction in August 2019, mainly due to decline in production of steel, refinery products and cement.
RBI data shows that, retail credit activity covering housing, credit cards and the vehicle segment moderated in August 2020 over the previous month. Retail loans grew by Rs.16,879 crore in August 2020 while it had grown by Rs.40,853 crore in July 2020.
Heading into the second half of the fiscal year, economic scenario still remains uncertain. While health concerns due to corona virus still remain, government has issued guidelines for further unlocking, in a bid to boost economic activity. Exports, vehicle registrations, wholesale auto sales and many indicators continue to show uptick, in comparison to previous months but are still down on a year to year comparison.
Preliminary data for India’s merchandise trade shows that:
Merchandise exports in September 2020 were US$27.40 billion, as compared to US$26.02 billion in September 2019, a positive growth of 5.27%
Merchandise imports in September 2020 was US$30.31 billion, as compared to US$37.69 billion in September 2019, a decline of 19.60%
India was net importer in September 2020, with a trade deficit of US$2.91 billion, as compared to trade deficit of US$11.67 billion in September 2019, a substantial improvement of 75.06%
Value of non-petroleum and non-gems and jewellery exports in September 2020 was US$21.11 billion, as compared to US$19 billion in September 2019, a positive growth of 11.12%
Hopefully, the economic recovery will be faster than expected, with infections due to pandemic also subsidising over the next few months.
The month ahead: What does October hold for the stock markets in India?
Quoting Mark Twain, “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”
Nothing to take forward in terms of trends, except for the positivity that, over the course of last 11 years, Nifty50 has given positive returns in 7 years. With US elections less than 45 days away and President Trump contracting the infection, volatility is bound to be high. Any disappointments from the stock market perspective might result in a substantial correction, leading into the new year. However, prudent investors would take advantage of these opportunities to build a substantial portfolio before economy kicks off into a possible high gear over the course of next 12 – 18 months.
.GIF)
