In a first, JSW Infrastructure Limited (JSWIL), listed their 7 year USD 400 million foreign currency sustainability linked bonds exclusively on Global Securities Market (GSM) of India International Exchange at GIFT IFSC today. JSW Infrastructure’s 7 year maturity bonds have been assigned Ba2 rating by Moody’s investor services and BB+ by Fitch and are priced competitively at 4.95 per cent.

Despite the selling pressure witnessed in markets, we have come out with a list of stocks that are capable of relatively outperforming in the near term. These stocks are selected based on the T20 Breakout system.   

The Indian markets extended their nosedive further on Friday amid weak global cues and broad-based selloff across sectoral indices. Banking and Consumer Durables stocks weighed the most on pushing benchmarks Sensex and Nifty 50 off the cliff, while Pharma and IT stocks also contributed to the downside substantially. Today the FII net selloff was recorded at Rs -4,679.84 crore and DII Inflow Rs 769.26 crore was recorded.  

We believe that going forward, stock-specific action would continue to be the name of the game on D-Street and hence, we have selected the best stock for traders as well as investors based on the T20 Breakout system. 

BSE Small-cap index held its ground, closing the volatile session at 30,565.63 with marginal gains of 14.48 points i.e. 0.05 per cent.  

On Wednesday, the benchmark indices continued the selling on the second consecutive day with Nifty below 18,000. At close, the Sensex was down 656.04 points or 1.08 per cent at 60,098.82 level, and the Nifty was down 174.60 points or 0.96 per cent at 17,938.40 level.

BSE Small-cap index held its ground and outperformed broader markets by closing at 30,551.15, marginally up by 0.03 per cent. 

Interestingly, Nifty oscillated in the range of just 92 points, which is the lowest daily range in the last seven trading sessions. As a result, it has led to the formation of the NR7 bar.

Interestingly, it was the IT sector again that provided the much-needed support to the index and this was quite evident from the fact that among the top three contributors, two were from the IT sector namely, Infosys & TCS.   

You must have heard of the proverb, ‘birds of a feather flock together’, similarly, all these companies from the metal sector have appeared in the T20 breakout system, which clearly indicates that this sector is likely to be in the limelight in the coming days.