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In the first fortnight of November, FPIs net sold shares worth Rs 1,414 crore ($170 million), compared to Rs 14,764 crore ($1.8 billion) worth of selling in the previous fortnight, data by the National Securities Depository Ltd (NSDL) showed.

InCred downgraded SBI Card to reduce from ADD earlier and has also slashed the target price to Rs 600 from Rs 1000 earlier.

An analysis of companies with a market capitalisation of over Rs 500 crore shows that there are at least 64 counters where smart money ownership went down in the September quarter but the stock still gave positive returns in the ongoing financial year as the retail holding went up.

I am bullish on financials, but not lenders because the fund is quite underweight on lenders. I am bullish on all other parts of the financials. So we have a large exposure to insurance, we have large exposure to capital markets through Bombay Stock Exchange. IT is another sector where I am quite positive.”

A total of 6,102 shares changed hands on the counter till 10:10AM (IST)

The Nifty 50 and Sensex ended with 0.2% cuts each, at 19694 points and 65655.15 points, respectively.

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A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

“If you want to set up a power plant in this country, you go to these two companies, REC and PFC, there is nowhere else to go. IREDA falls in the same bucket, absolutely. Monopoly status, government guaranteed, ability to access fund, ability to access global funds, green funds, it is perfectly positioned for the right market, where the green is truly green for even investors.”