Business News›Markets›Stocks›Live Blog›Diwali Muhurat Trading Highlights: Samvat 2080 kicks off on a high as Sensex jumps 355 pts; Nifty settles above 19,520; Coal India, ONGC among top gainers
LIVE BLOG
Diwali Muhurat Trading Highlights: Samvat 2080 kicks off on a high as Sensex jumps 355 pts; Nifty settles above 19,520; Coal India, ONGC among top gainers
12 Nov, 2023 | 08:27:45 PM IST
Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street on Diwali Muhurat Trading
1 New Update
Diwali Muhurat Trading Highlights: BSE ushers Vikram Samvat Year 2080 with Diwali Muhurat Trading
BSE Ltd. hosted the auspicious Lakshmi Pooja and the Muhurat Trading Session on Sunday, November 12, 2023 from 6:15 p.m. to 7:15 p.m. The celebrations at the exchange was marked by the presence of dignitaries from the broking fraternity and corporates. Shri Dinanath Dubhashi, Managing Director & CEO of L&T Finance Holdings Ltd., rang the ceremonial bell to signal the start of the Muhurat Trading.
Diwali Muhurat Trading 2023 Live News: Samvat 2080 kickstarts on a high note for Dalal Street! Five factors that drove markets higher
Dalal Street welcomed Samvat 2080 in good spirits, as benchmark indices gained half a percentage points during the special Muhurat Trading session on Sunday.
Diwali Muhurat Trading 2023 Live News: Top 5 gainers from Muhurat Day Trade
Price as on 07:33:15 PM 07:33 PM, Click on company names for their live prices.
Diwali Muhurat Trading 2023 Live News: Samvat 2080 kicks off on a high as Sensex jumps 355 pts; Nifty settles above 19,520; Coal India, ONGC among top gainers
Diwali Muhurat Trading 2023 Live News: 2 Sensex stocks trading in red
Price as on 07:07:53 PM 07:07 PM, Click on company names for their live prices.
Diwali Muhurat Trading 2023 Live News: Check out who's leading from banking pack
Price as on 07:04:32 PM 07:04 PM, Click on company names for their live prices.
Our 'Diwali Picks 2023' features 12 stocks with balanced investment potential, including names like HDFC Bank, L&T, Tata Motors, Indigo, Tata Power, ABFRL, Crompton Greaves Consumer Electricals, Usha Martin, Doodla Dairy, Ashoka Buildcon, LG Bal Bros, and Imagica. We recommend accumulating these value picks with strong fundamentals for potential growth. The market optimism is fueled by factors such as the Federal Reserve's efforts for a "soft landing," robust GST numbers, active retail participation, easing Middle East hostilities, and declining WTI oil prices
- Prashanth Tapse, Senior VP Research Analyst at Mehta Equities
L&T stock update
Price as on 06:56:34 PM 06:56 PM, Click on company names for their live prices.
Diwali Muhurat Trading 2023 Live News: Auto pack in fast lane! Check out the top gainers from the pack
Price as on 06:55:50 PM 06:55 PM, Click on company names for their live prices.
Diwali Muhurat Trading 2023 Live News: HDFC Bank, ICICI Bank, Reliance Industries, ITC, TCS, Kotak Bank, Asian Paints and Titan among lead gainers.
Broader markets also advanced with the BSE MidCap gaining 227.43 points or 0.70% and BSE SmallCap by 452.11 points or 1.18%
.
.
Diwali Muhurat Trading 2023 Live News: Infosys rises the most by 1.37%, followed by L&T (0.90%), and Wipro (0.83%)
Diwali Muhurat Trading 2023 Live News: This company's shares are up 200% since last DIWALI; should you BUY today?
Indian Railway Finance Corporation or IRFC shares are among the biggest gainers from the PSU space on the Dalal Street since last Diwali. The PSU stock has delivered a whopping 200 per cent return in the last one year, resulting in wealth gain for investors.
Coal India stock hits 7-year high post Q2 results
Price as on 06:42:10 PM 06:42 PM, Click on company names for their live prices.
BSE SMALLCAP INDEX RALLIES OVER 1%
Here are the top gainers & losers from the BSE Smallcap index.
Infosys
Price as on 06:37:10 PM 06:37 PM, Click on company names for their live prices.
BSE stock hits lifetime high on robust Q2 results
Price as on 06:33:29 PM 06:33 PM, Click on company names for their live prices.
Sea of green... all sectors trade on positive note
How Sensex stocks are doing at opening tick
All 30 index stocks trade on a bullish note
Diwali Muhurat Trading 2023 Live News: Muhurat trading session kicks off
Sensex jumps 340 points; Nifty above 19,525; NTPC, Infosys up over 1%
Diwali Muhurat Trading 2023 Live News: Pre-open session: Sensex surges 600 points, Nifty above 19,580
Muhurat Trading 2023: Top things to know before you trade this Diwali
Diwali Muhurat Trading 2023 Live News: This Diwali reimagine your portfolio using family structure
Imagine if your investments were people, how would they be? What would be their characteristics? How would they behave when put together in one room?
Diwali Muhurat Trading 2023 Live News: Why Mihir Vora thinks that domestic-focused sectors are likely to do better till Diwali 2024
“India will be the fastest-growing large economy for the next few years. So, the preferred sectors are domestic-focused,” says Mihir Vora, Chief Investment Officer at TRUST Mutual Fund.
Diwali 2023 stock picks: Investors betting on KPIT, ZEE, 8 other midcap mavericks
Price as on 05:14:27 PM 05:14 PM, Click on company names for their live prices.
Muhurat Trading at the National Stock Exchange is a testament to our shared financial aspirations. In the heart of this vibrant marketplace, as the Diwali lights shimmer, we embark on a journey of careful choices and strategic investments. Each trade made during this auspicious time promises growth and the spirit of unity among investors. NSE encourages investors to deal only with registered intermediaries and refrain from dealing in unregulated products. Stock market is meant for long-term wealth creation. An unpleasant experience disheartens the affected investors to enter the stock market ever again. Trade in derivatives by retail investors should be avoided because of the high risk involved in derivatives. Be a long-term player. This is the best way to participate in India's growth story. May the trades be favorable, the investments be fruitful, and the spirit of Diwali guide us toward abundance and financial success. Happy Muhurat Trading at the National Stock Exchange, where every trade signifies our collective resolve to build a stronger, wealthier tomorrow.
- Ashishkumar Chauhan, MD & CEO of the National Stock Exchange
Strategy for Samvat 2080 from Christopher Wood
I would say you should do both [invest in real estate and real estate stocks]. My base case, it (property cycle uptick) can last as long as a downturn, which is seven years.
Strategy for Samvat 2080 from Prashant Jain
I think Nifty, Sensex can compound 12% in a longer term and I do not see a challenge in that. Markets are now close to historic multiples, slightly higher but there are three reasons why Indian multiples may settle higher than the past. And these are -- one, our growth is likely to be higher.
Strategy for Samvat 2080 from Madhu Kela
Union Elections 2024 will be the key driver that will decide the course of the market not only till next Diwali but also for a few years to come. The earnings growth of the company is very strong and the interest rate scenario would likely be stable also.
Strategy for Samvat 2080 from Sanjiv Bhasin
As an ancillary to that, car sales will pick up. Maruti becomes a very good play. Ashok Leyland has just told you that they are now…, I mean they were the third largest bus maker in the world and only gaining traction. So, autos and entertainment is something which you can easily play. You can add some of the other consumer discretionaries which will again be part and parcel of that.
Strategy for Samvat 2080 from Raamdeo Agrawal
I know that after 10 years, all three i.e. mid, small and large caps will deliver the same number. You can see the last 15 years, 9%, 10%, 8% is what they have returned. I will tell you exact return numbers over the past 15 years -- 9% for the index, 10% for mid caps and 8% again for small caps.
Diwali Muhurat Trading: 5 market wizards on how to invest in Samvat 2080
ETMarkets brings views of five market wizards viz. Raamdeo Agrawal, Sanjiv Bhasin, Madhu Kela, Prashant Jain and Christopher Wood, who piece together the likely triggers that may impact stock markets, individual sectors and stocks through the new year.
Diwali Muhurat Trading: 457 stocks gave positive returns in last 5 years. Which one to buy?
As traders consider buying stocks auspicious on the occasion of Diwali Muhurat trading day, Sensex and Nifty have given positive returns in the one-hour special session 80% of the time in last 10 years.
Diwali Muhurat Trading: D-Street view
"Usually, we witness volatile trading sessions on Diwali. Hence, thorough research is very important before deploying any trade. Given the short one-hour duration of Muhurat trading, liquidity is also a big factor. Intraday traders must choose stocks with sufficient liquidity to ensure smooth execution of trades," said Harjeet Singh Arora, Managing Director at Mastertrust.The post-Muhurat trading session, however, hasn't usually been as kind as the index has fallen 6 times in the last 10 .
Diwali Muhurat Trading: Past trends
The equity indices have historically performed quite well on these special trading sessions, though low trading volumes have usually been observed and fewer stocks move during that short duration. The year 2008 was an exception in which the Sensex surprised even the most optimistic bulls by climbing 5.86% in the one-hour session. It settled at 9,008 for the day, but remained range-bound for the rest of the year as the global financial crisis unfolded.
Diwali Muhurat Trading: How did it start?
The tradition started with the first traders in the country. A puja is performed, new accounts are opened and new shares are bought on Diwali, marking the start of the Hindu New Year. It is believed that this would begin the new year on a right note. However, this trading has a flip side because it is highly volatile during this session. The Muhurat trading session is an excellent time to buy or sell stocks since the trading volumes are high.
Diwali Muhurat Trading: Significance behind Muhurat Trading
On this day traders retain the age-old tradition of executing trades in the special one-hour session, whose timings are decided based on planetary positions, as it is deemed auspicious to start new business activity in the light of diyas and amid colours of rangoli patterns.
Timings for Muhurat Trading
While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening. BSE said that the pre-opening session will be conducted from 6 pm-6.15 pm while the Lakshmi Poojan will be held between 3 pm and 4 pm at the bourse. This would be followed by an award distribution ceremony to top-volume performers from 4:30 pm to 5:50 pm.
Diwali Muhurat Trading: What is Muhurat Trading?
Stock exchanges BSE and NSE will conduct the once-in-a-year Diwali Muhurat trading on Sunday as Diwali marks the beginning of the Hindu accounting calendar year Samvat 2080. While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening.Since 2012, the Sensex has closed in the green zone 8 out of 11 times. On October 24, 2022, the index had advanced 524.51 points or 0.88%.
