Investors created new positions in the special Muhurat trading day to mark the beginning of the Hindu Samvat year 2078, resulting in strong gains for domestic market benchmarks on Thursday. In Thursday’s one-hour Muhurat trading session, the NSE Nifty 50 index rose 0.49 percent to 17,916.8, while the benchmark S&P BSE Sensex rose 0.49 percent to 60,067.62.
Every year on Diwali, Indian stock markets hold a special one-hour Muhurat trading session to commemorate the start of the Hindu calendar year. M&M, ITC, Bajaj Auto, L&T, Kotak Bank, Sun Pharma, and Nestle India were among the Sensex’s top gainers. ICICI Bank, UltraTech Cement, Asian Paints, and Dr Reddy’s, on the other hand, all ended the day in the red.
On Friday, the equity, currency, and debt markets were closed for the Diwali Balipratipada holiday.
The SGX Nifty indicates that the Indian financial markets are off to a good start on Monday. The Singapore Nifty (SGX Nifty) is an Indian Nifty that is traded on the Singapore Stock Exchange and is considered to be a good indicator of when the Indian markets will open.
Analyst-recommended stocks to purchase today –
Choice Broking’s Executive Director, Sumeet Bagadia
Mahindra & Mahindra (M&M): Buy with a stop loss of 850 and a target of 900-910
ITC: Buy ITC with a stop loss of 220 and a target of 232-235.
GCL Securities Limited Vice Chairman Ravi Singhal
Ambuja Cement: Buy at 412, stop loss at 406, target 424,444.
Proficient Equities Limited’s Founder and Director, Manoj Dalmia
Mirza International: Buy Mirza International at 71 with a target of 78 and a stop loss of 68.
Ravi Singh, ShareIndia’s Vice President and Head of Research
Adani Ports: Buy Adani Ports at 714, Target 725, Stop loss 709
Coal India: Buy Coal India at 169, Target 176, Stop loss 166
Note: The views and recommendations made above are those of individual analysts or broking companies, and not of The Shining Media.
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