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01 Nov 2024 | 08:03:03 PM IST
Synopsis
Diwali Muhurat Trading | Stock Market Today Live: Sensex, Nifty start Muhurat trading session on a sweet note. All sectors trade in green. Buying was seen in auto stocks as the companies released their monthly sales numbers. Mahindra and Mahindra was up around 3%, while Tata Motors gained over 1%. Meanwhile, Maruti Suzuki was up about 0.6%. Muhurat Trading is a special one-hour trading session held on the occasion of Diwali, marking the beginning of the Hindu calendar year (Samvat 2081). The exchanges will conduct the special trading session on Friday, November 1 for an hour between 6:00 pm and 7:00 pm.
Diwali Muhurat Trading Today: Muhurat trading, a long-standing tradition in the Indian stock markets, holds special significance as it coincides with the festival of Diwali and the start of the Hindu New Year, which is Samvat 2081 this time. Conducted for just one hour in the evening, this symbolic trading session is believed to bring prosperity and success to investors and traders for the year ahead. The special session will be conducted for 1 hour between 6 pm and 7 pm on November 1. Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street on Diwali Muhurat Trading.
Highlights of the trade
- M&M was up around 3%, while Tata Motors gained over 1%
- Sensex, Nifty start on a positive note
- Sensex closed positive 8 of 10 times on this day
- NSE and BSE will conduct their annual Muhurat Trading on Friday between 6 pm and 7 pm
- The hour-long session will be preceded by a 15-minute pre-opening session at 5:45 pm-6:00 pm.
- Historically, investors have seen positive returns, with the BSE Sensex closing higher in 13 of last 17 sessions
- Consumer goods and consumer durables stocks could lead to stronger gains
Stock Ideas for the special session
- Varun Beverages, BHEL, Zomato (largecaps)
- AU SFB, HDFC AMC, Escorts Kubota (midcaps)
- Snowman Logistics, PCBL, PSB (smallcaps)
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Muhurat Trading 2024 Live: M&M, Reliance lead top contributors to BSE Sensex
Muhurat Trading 2024 Live: Top Gainers & Losers at close
Muhurat Trading 2024 Live: Nifty settles 94 points higher at 24,300 at close
Muhurat Trading 2024 Live: Sensex heatmap
Muhurat Trading 2024 Live: Samvat 2081 starts off on a high as Sensex jumps 335 pts; Nifty settles at 24,300; Zomato, PNB among top gainers
Muhurat Trading 2024 Live: Nifty Auto top sectoral gainer; top stocks
Muhurat Trading 2024 Live: Bank Nifty rallies over 0.4%; top gainers
Muhurat Trading 2024 Live: Sensex heatmap
Muhurat Day, marking the start of the new Samvat, is seen as an auspicious time for investments, blessed by Goddess Lakshmi, the deity of wealth. For those investing with a long-term perspective, this day is ideal for beginning a journey towards sustainable wealth creation. We recommend focusing on sectors that promise enduring relevance over the next two decades—these include sectors like technology, healthcare, renewable energy, and infrastructure, each likely to drive significant value in a fast-evolving economy.
- Amit Goel, Group CEO, MarketsMojo
From a medium to long-term perspective, we remain optimistic on Indian markets and expect indices to give returns in mid double digits over 12 months period.However, from a short-term perspective, markets will be volatile and can see 4-5% correction. We prefer large-cap stocks over mid and small-cap and expect heavyweight to outperform over next 12 months.
- Aditya Agarwal Head of Derivatives & Technical Analysis at Sanctum Wealth
The unique opportunity this Muhurat for retail investors to trade bonds on NSE and BSE—a first in India. With recent regulatory advancements, bonds are becoming more accessible, creating a wealth-building avenue comparable to equities. On November 1st, during the Muhurat session from 6 pm to 7 pm, investors can experience bond trading alongside equities, expanding options in safe investments. The bond market, with daily trades around INR 75 crore, is set to grow rapidly with this initiative, establishing bonds as a key asset for retail investors.
- Suresh Darak, Founder, Bodbazaar
Muhurat Trading 2024 Live: Investors should not participate in derivatives market if they are not trained, says NSE CEO Ashish Kumar Chauhan
Muhurat Trading 2024 Live: Top Nifty Midcap gainers
Muhurat Trading 2024 Live: M&M shares rally 3% on reporting highest ever SUV sales
Shares of auto major Mahindra & Mahindra (M&M) on Friday rallied up to 3% to Rs 2,818 on BSE after reporting its highest monthly sales in the current fiscal year to dealers in October, boosted by festive season sales.
Price as on 06.32.50 PM, Click on company names for their live prices.
Muhurat Trading 2024 Live: Sectoral sectoral snapshot
Muhurat Trading 2024 Live: Nifty gainers and losers at opening trade
Muhurat Trading 2024 Live: Nifty above 24,300
Opening Bell - Sensex kicks off Muhurat trading session 406 pts higher, Nifty at 24,350; M&M, NTPC up 2% each
Muhurat Trading 2024 Live: Sensex jumps over 500 points!
Diwali Muhurat Trading 2024 Live Updates| Suresh Darak, Founder of Bodbazaar, on trading strategy
The unique opportunity this Muhurat for retail investors to trade bonds on NSE and BSE—a first in India. With recent regulatory advancements, bonds are becoming more accessible, creating a wealth-building avenue comparable to equities. On November 1st, during the Muhurat session from 6 pm to 7 pm, investors can experience bond trading alongside equities, expanding options in safe investments.
Diwali Muhurat Trading 2024 Live Updates| BSE, NSE to start Muhurat Trading at 6 pm; pre-open at 5.45 pm
Indian stock markets NSE and BSE will conduct their annual Muhurat Trading on Friday between 6 pm and 7 pm. The hour-long session will be preceded by a 15-minute pre-opening session at 5:45 pm-6:00 pm.
Diwali Muhurat Trading 2024 Live Updates | HDFC Bank Share Price Target 2025: India's most valuable bank is top Muhurat pick by Axis Securities
Diwali Muhurat Trading 2024 Live Updates | The stage is set for the special trading session at BSE and NSE
Diwali Muhurat Trading 2024 Live Updates| Samvat 2080 started strong with Muhurat gains in 2023
In Samvat 2080, the Sensex and Nifty recorded strong gains during the hour-long Diwali special trading session. Both key indices opened in the green on Diwali 2023, with the Sensex at 65,249 and Nifty at 19,522. By the close, the Sensex had risen 354 points to 65,259, while the Nifty ended at 19,525.
Diwali Muhurat Trading 2024 Live Updates| Muhurat Trading all set to begin. Catch all the live updates here
Diwali Muhurat Trading 2024 Live Updates| Sensex closed positive 8 of 10 times on this day
The Sensex has ended positively on this day in 8 of the last 10 years, reinforcing its reputation for bringing good fortune to investors. Over the past decade, the Sensex has seen remarkable growth, rising from around 26,850 points in 2014 to a record high of approximately 85,978 points in September 2024.
Diwali Muhurat Trading 2024 Live Updates| Stocks to buy: Religare Broking recommends PTC at Rs 180-182 | Target: Rs 237-241 | Stop Loss: Rs 165-170 | Upside: 32%
PTC India has recently made a notable rebound from its key support level around 165-170 with RSI also showing a positive reversal from the oversold zone. Long-term trend appears promising, as the stock has found support at its bullish trendline on the weekly chart. We recommend initiating a long position.
Diwali Muhurat Trading 2024 Live Updates| Stocks to buy: ICICI Direct recommends Tech Mahindra | CMP: Rs 1608 | Target price: Rs 2000 | Upside potential: 24%
We believe, the company’s US$ revenue will grow at CAGR of 6.7% between FY24-27E, but operating profit growth is likely to outpace with EBIT margin improving from 6.1% in FY24 to 14.5% in FY27E, implying a CAGR of 43.6% over FY24-27E.We have valued the company at 25x P/E on FY27E EPS to assign a target price of Rs 2,000.
Diwali Muhurat Trading 2024 Live Updates| Stocks to buy: ICICI Direct recommends Buy PCBL at Rs 435-470 | Target: Rs 600 | Upside: 34%
We have a positive view on PCBL and assign BUY rating amid profitable organic growth at its base carbon black business; turnaround in sight at Aquapharm and big opportunity in sight in Nano Silica. We expect Sales/PAT at PCBL to grow at a CAGR of 21%/27% over FY24-27E.
Diwali Muhurat Trading 2024 Live Updates| Stocks to buy: ICICI Direct recommends Buy NCC at Rs 275-300 | Target: Rs 400 | Upside: 40%
NCC, a leading construction company with presence across varied verticals such as buildings, roads, water and mining, is a fundamental call. Company's standalone orderbook is at Rs 47,625 crore with 2.5x TTM book to bill. Healthy topline growth along with stable finance costs is likely to drive 25.9% earnings CAGR over FY24-27E.
Diwali Muhurat Trading 2024 Live Updates: Muhurat Trading strategy by Aditya Agarwal Head of Derivatives & Technical Analysis at Sanctum Wealth
From a medium to long-term perspective, we remain optimistic on Indian markets and expect indices to give returns in mid double digits over 12 months period. However, from a short-term perspective, markets will be volatile and can see 4-5% correction. We prefer large-cap stocks over mid and small-cap and expect heavyweight to outperform over next 12 months.
Diwali Muhurat Trading 2024 Live Updates: Technical picks by Religare Broking for investors to look at
- BEL is currently trading at 284.9 and investors can buy this stock in the range of Rs 282-286.
- City Union Bank can be accumulated in the zone of Rs 173-176 for targets of Rs 192-204.
- Federal Bank is currently trading at 203.91 and investors can buy this stock in the range of Rs 202-205.
- Fortis Healthcare can be bought in the range of Rs 623-628 for targets of Rs 665-680.
- GMDC is currently trading at Rs 370.45. Investors can pick the stock anywhere between Rs 368-372 for targets of Rs 420-440.
Diwali Muhurat Trading | Stocks to buy: Angel One recommends Snowman Logistics at Rs 64-60 | Target: Rs 91 | SL: Rs 47 | Upside: 38%
Snowman Logistics looks to have reversed its prior primary downtrend, indicated by a breakout above a falling trendline and a breakout from a double bottom formation on weekly charts. The reversal of trend is further supported by the formation of higher highs and higher lows.
Diwali Muhurat Trading |Bajaj Broking's expectations from Samvat 2081
Looking ahead to Samvat 2081, Bajaj Broking anticipates that the Indian market will continue to trend upward, aiming for the 28,400 level by Diwali 2025. This target aligns with the rising trendline on the yearly chart that connects major highs since 2014, as well as the measuring implications of previous significant rallies.
"However, the upward movement is expected to be accompanied by volatility rather than a straight path. We believe healthy correction will make the market healthy for long-term up trend," the brokerage said.
Diwali Muhurat Trading | Stock to buy: Buy Varun Beverages at 605-580 | Target: Rs 750 | SL: Rs 530 | Upside: 29%
The stock has been in a secular uptrend and is finding a constant support at 50-WMA. It is witnessing a consolidation and can be accumulated in the recommended range.
Diwali Muhurat Trading | Historical performance of BSE
Historically, investors have seen positive returns, with the BSE Sensex closing higher in 13 of the last 17 special sessions.
Diwali Muhurat Trading | Stocks to buy: Angel One recommends Care Rating at Rs Rs 1,380-1,320 | Target: 1,660 | SL: Rs 1,250 | Upside: 14%
Stock has held its positive stature even in weak markets, indicating a very high relative strength. After retracing to nearly 38.2% of its prior upmove from the levels of 400, it has formed a good base and has broken out of the base, backed by bullish candlestick formations near its swing lows.
(Angel One)
Diwali Muhurat Trading |In a first, retail Investors can trade in bonds during Muhurat Trading
During the Muhurat session from 6 pm to 7 pm, investors can engage in bond trading alongside equities, expanding options in safe investments.
"This highlights the unique opportunity this Muhurat for retail investors to trade bonds on NSE and BSE—a first in India. The bond market, with daily trades around INR 75 crore, is set to grow rapidly with this initiative, establishing bonds as a key asset for retail investors," said Suresh Darak, Founder, Bondbazaar.
Diwali Muhurat Trading | Block deal session
This hour-long Muhurat session will be preceded by a pre-opening session from 5:45 pm to 6:00 pm and prior to that, there will also be a block deal session from 5:30 pm to 5:45 pm.
Diwali Muhurat Trading | Can Muhurat trading make you a crorepati?
Rs 1 lakh invested in Sensex on Muhurat Day in 1998 would be worth Rs 41.8 lakh, states Geojit Financial services.
Diwali Muhurat Trading | Dr. V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services on Diwali special session
With Nifty returning 25 percent and Nifty 500 returning 30 percent in Samvat 2080, investors should be happy. But the 6.2% correction in October, the first above 5 percent correction in 54 months, has triggered anxiety over the market performance, going forward. Of serious concern is the relentless FII selling in October amounting to Rs 1,13,858 crore through the exchanges. Given India’s elevated valuations and concerns over deceleration in earnings growth, FII selling might continue, impacting the benchmark indices. In such a scenario investors should focus on stock-specific investment where Q2 results have been good and earnings visibility is bright.
Diwali Muhurat Trading | Top 5 technical picks from Religare Broking
Diwali Muhurat Trading | Stock market holiday
The stock market remains closed for regular trading on Diwali, with only this special session open for an hour.
Diwali Muhurat Trading | Pre-open session
The pre-opening session will be conducted from 5:45 pm to 6:00 pm, after which normal trading will begin.
Diwali Muhurat Trading | When is Muhurat Trading Being Held?
For this Smvat, the Muhurat Trading session will take place on November 1, between 6:00 pm and 7:00 pm, according to the exchanges.
Diwali Muhurat Trading | Stock Market Today Live: Significance of Muhurat trading
This symbolic trading window is believed to bring prosperity and financial growth, as it occurs during an auspicious time considered ideal for starting new
Diwali Muhurat Trading | Stock Market Today Live| What is Muhurat Trading?
Muhurat Trading is a special one-hour trading session held on the occasion of Diwali, marking the beginning of the Hindu calendar year (Samvat 2081).
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