Diwali Muhurat Trading HIGHLIGHTS: Sensex ends 355 pts higher, Nifty tops 19,500 as D-Street enters Samvat 2080 on a strong note
Muhurat Trading LIVE Updates: Domestic equity benchmarks Sensex and Nifty50 are likely to open higher for a special, one-odd-hour-long muhurat session shortly today. Catch latest updates here.
Muhurat Trading LIVE Updates: Domestic equity benchmarks Sensex and Nifty50 are likely to open higher for a special, one-odd-hour-long 'muhurat' session shortly today. Catch latest updates here.
Latest Updates
Diwali Muhurat Trading LIVE | Market wizard Anil Singhvi recommends buying Aarti Industries shares for targets of Rs 675, Rs 800 till next Diwali
Zee Business Managing Editor Anil Singhvi is bullish on Aarti Industries. He points out the following points about the specialty chemicals and pharmaceuticals company:
- The worst seems to be over for the benzene business in the domestic as well as international markets
- There are signs of improvement in demand; company's margin is expected to reach 18-20 per cent
- Company is set to complete expansion in September 2024, which will be a big boost for it
- Valuation attractive: Company's profit next year is estimated at Rs 1,200 crore
- Stock trading at 15 times estimated FY25 earnings
Singhvi has placed its targets for the period till the next Diwali at Rs 675 and Rs 800. His three-year target for the stock stands at Rs 1,200.
Diwali Muhurat Trading | Most Nifty50 stocks finish special session above flatline; Coal India, UPL, Infosys, Eicher Motors, Wipro top gainers
Take a glance at the top gainers and losers at the end of the special session:
Stock Change (%) CMP COALINDIA 2.8 332.45 UPL 1.49 555.3 INFY 1.47 1,389.00 EICHERMOT 0.98 3,575.30 WIPRO 0.98 383 NTPC 0.84 244.8 TITAN 0.79 3,281.95 DIVISLAB 0.78 3,520.50 TCS 0.76 3,358.90 ASIANPAINT 0.75 3,099.50 BAJAJ-AUTO 0.71 5,430.10 RELIANCE 0.69 2,330.90 NESTLEIND 0.67 24,300.00 TATASTEEL 0.67 120.85 LTIM -0.06 5,259.00 BAJAJFINSV -0.06 1,595.00 APOLLOHOSP -0.09 5,274.00 SUNPHARMA -0.11 1,178.00 BRITANNIA -0.14 4,675.50 D-Street enters Samvat 2080 | Sensex ends 355 pts higher, Nifty settles at 19,526 amid broad-based gains
Dalal Street makes a strong entry into the new Samvat year, 2080, with the Sensex finishing the special muhurat trading session with a gain of 354.8 pts, or 0.6 per cent at 65,259.5, and the Nifty settling at 19,525.6, up 100.2 points, or 0.5 per cent, from its previous close.
Diwali Muhurat Trading LIVE | Strong buying to continue in gold, buy on dips, says Navneet Damani
Navneet Damani of Motilal Oswal Financial Services expects the yellow metal to sustain strong buying interest in the next year. He recommends buying the precious metal on dips.
Diwali Muhurat Trading LIVE | Fear index India VIX up 1.9%
Volatility index India VIX—known in market parlance as the fear gauge—is up 1.9 per cent at 11.32, minutes ahead of the closing bell.
Diwali Muhurat Trading LIVE | Welspun Corp, Caplin Point Labs, SWAN Energy, Data Patterns, Quess Corp top BSE 500 gainers; ESAB India, Galaxy Surfactants, Glenmark Pharma, RCF among top losers
Here are some of the top gainers and losers in the 500-scrip basket:
Image: BSEIndia.com
Diwali Muhurat Trading LIVE Update | Overall market breadth extremely positive
Overall market breadth is in favour of the bulls in a big way as Dalal Street enters Samvat 2080, with an advance-decline ratio of 5:1 on BSE as 2,715 stocks are above the flatline and 525 struggling in negative territory.
Image: BSEIndia.com
Diwali Muhurat Trading LIVE update | Broader indices Nifty Midcap 100, Nifty Smallcap 100 up around 1%
Broader gauges Nifty Midcap 100 and Nifty Smallcap 100 are up 0.7 per cent and 1.1 per cent at this moment, having gained as much as 0.9 per cent and 1.5 per cent earlier in the session, respectively.
The BSE 500, the broadest index on the bourse, is up 0.6 per cent, after rising 0.9 per cent at the strongest level of the session so far.
Diwali Muhurat Trading LIVE | Sumeet Bagadia recommends 'buy' on DLF
Sumeet Bagadia of Choice Broking is bullish on DLF.
He recommends investors to go long on DLF for the year ahead for targets of Rs 625 and Rs 630 with a stop loss at Rs 595.
Diwali Muhurat Trading LIVE | All of NSE's sectoral indices hold on to the green; Nifty Realty top gainer, up 0.88%
The high-beta Nifty Bank is up 0.41 per cent, boosted by HDFC Bank, Axis Bank, Federal Bank and ICICI Bank. The banking index rose as much as 0.53 per cent earlier in the day.
Index Change (%) NIFTY REALTY 0.88 NIFTY MEDIA 0.85 NIFTY IT 0.78 NIFTY CONSUMER DURABLES 0.76 NIFTY METAL 0.68 NIFTY OIL & GAS 0.64 NIFTY AUTO 0.62 NIFTY FINANCIAL SERVICES 25/50 0.51 NIFTY FMCG 0.51 NIFTY PSU BANK 0.49 NIFTY PHARMA 0.48 NIFTY FINANCIAL SERVICES 0.45 NIFTY BANK 0.41 NIFTY HEALTHCARE INDEX 0.41 NIFTY PRIVATE BANK 0.4 Diwali Muhurat Trading LIVE | Market veteran Raamdeo Agrawal says environment favourable for market in the next one year
Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, is bullish on the market as always. He believes it is a good time to invest and make money on Dalal Street.
He is also of the view that the environment is going to remain favourable for the market over the next one year.
Diwali Muhurat Trading LIVE | Siddharth Sedani has TVS Motor Company as his Diwali stock pick
Siddharth Sedani of Anand Rathi Shares & Stock Brokers has a 'buy' call on TVS Motor Company. He has placed his targets for the auto major's stock at Rs 1,700 and Rs 1,850.
Diwali Muhurat Trading LIVE | Sandeep Jain recommends buying Vikram Thermo India shares
Sandeep Jain of Tradeswift Broking shares Vikram Thermo India (VIKRAMTH) as his Diwali investment idea with a target price of Rs 175.
His target implies an upside of 21.4 per cent in the stock from its previous close.
Diwali Muhurat Trading LIVE Update | Sensex rises over 500 pts, Nifty three pts shy of 19,550; all Nifty50 stocks in green
Both headline indices stage a strong start to the special, first trading session of Samvat 2080. The Sensex rises as much as 514.3 points, or 0.8 per cent, to 65,419 in the first few minutes of trade, and the Nifty climbs to as high as 19,547.3, up 121.9 points, or 0.6 per cent, from its previous close.
Here's how both the gauges are trading mere few minutes into the opening bell:
Nifty50
Sensex
Images: BSEIndia.com, NSEIndia.com
Diwali Muhurat Trading LIVE | Expect Nifty50 to touch 22,000 in next one year, says Jimeet Modi
Jimeet Modi, Founder and CEO of SAMCO Securities, expects the blue-chip index to rally all the way to the 22,000 mark during the course of the next one year.
Diwali Muhurat Trading LIVE Update | Nifty50 up over 100 pts, Nifty Bank up over 200 pts
The 50-scrip benchmark is up 121.9 pts at 19,547.3 in pre-opening trade. The high-beta Nifty Bank gauge is up 234.4 pts, or 0.5 per cent, at 44,054.5.
Diwali Muhurat Trading LIVE | Sensex up over 600 pts in pre-open mark
The Sensex is up 623.6 pts, or one per cent, at 65,528.3 in pre-opening trade, as Dalal Street gears up for the special muhurat trading session.
Diwali Muhurat Trading LIVE Update | Stock exchange NSE conducts Mahalakshmi puja to mark the occasion of Diwali 2023
Muhurat Trading LIVE Update | GIFT Nifty futures up over 100 pts, suggest a gap-up start ahead for Nifty50 as Dalal Street enters Samvat 2080
GIFT Nifty futures, an early indicator of the benchmark Nifty50 index, is up 109.3 points, or 0.6 per cent, at 19,609.5, suggesting a strong start ahead on Dalal Street as it enters the Vikrami Samvat year 2080.
Welcome to Zeebiz.com's blog on Diwali muhurat trading on Dalal Street on November 12, 2023
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas for Samvat 2080, and much more, here on the Zeebiz.com blog.
Happy trading, and happy investing!
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