Vikram Samvat 2076 Highlights: Muhurat trading closed; Sensex, Nifty surge, Tata Motors top gainer

Shares ICICI Bank fell nearly a percent after rising 0.8 percent to hit a record high on Muhurat trading day October 27, due to lower-than-expected loan growth and a marginal increase in stress pool.

Shares of Adani Ports, HUL, and Reliance industries surged gained over 27 per cent. 

Believe, the worst is over for the market and economy, Ramesh Damani told CNBC-TV18

"I am very bullish on Gold. In a regime of negative interest rates, gold will soar," Rakesh Jhunjhunwala.

There's no business for the government to be in business, says Rakes Jhunjhunwala. 

"Opportunities lie in the neglected part of the economy", Rakesh Jhunjhunwala said. PSU can give better returns, he added

Capex is not picking up because there is excess capacity, not due to lack of capital -- Rakesh Jhunjhunwala told in an interview with CNBC-TV18.  

Many structural flaws in the Indian economy. One is what the government is doing, one is what the government is talking about -- Rakesh Jhunjhunwala

The countdown began for the auspicious muhurat trading of Vikram Samvat 2076. The trading will start at 6:15 pm. 

The block deal session will start at 5:45 pm. It is a single transaction, of a minimum quantity of five lakh shares or a minimum value of Rs 5 crore, between two parties which are mostly institutional players. The transaction happens through a separate trading window. 

Commenting on the recent whistleblower allegations against Infosys, Rakesh Jhunjhunwala says that no whistleblower complaints should be made public without investigation -- CNBC TV18.

HDFC Bank will be the company with the largest market capitalisation in India going ahead, Manish Chokhani of Enam holdings told CNBC-TV18.

Before slipping to 11,000, Nifty will first hit 12,000 - Rakesh Jhunjhunwala told CNBC-TV18.

Calcutta Stock Exchange (CSE) continues to stare at an uncertain future when two major bourses in the country are gearing up for Muhurat Trading to mark the beginning of Samvat 2076. The stock exchange in the city enters into the seventh year of trading suspension after the capital market regulator, Securities and Exchange Board of India (SEBI), had barred trading at C-Star (the online platform of CSE), for non-compliance of clearing and settlement norms. Click here to know more: https://www.financialexpress.com/market/calcutta-stock-exchange-stares-at-uncertain-future-on-samvat-2076/1746760/

The exchanges will remain closed on Monday on the occasion of Diwali Balipratipada.

The Sensex mostly rises in the Mahurat trading session. Sensex has climbed in seven out of 10 occasions in the last decade, according to Bloomberg data. Last year, the Sensex had risen 0.7% on Mahurat trading session.

The coming year, from a technical point of view, is all likely to remain a year with capped gains. Speaking about sectors, the coming year is likely to see a lot of sector rotation as well. We expect pockets like consumer staples, consumption, FMCG, utilities and PSU companies to do well, remain resilient, and relatively out-perform the broader markets -- Milan Vaishnav, CMT, MSTA

The mutual fund industry has seen sharp deceleration inflows in Equity Funds. Year to date, the Equity flows have come down sharply to Rs.5080 crores, a drop of almost 40% as compared to the last 6 months of the previous financial year. If we exclude the strong SIP flows that the industry has witnessed in the last 5 years, the bulk investments into the Equity Funds have turned negative, says Raghvendra Nath. Click here to know more: https://www.financialexpress.com/market/mutual-funds-medium-term-outlook-positive-exponential-growth-likely/1747125/ 

While we have seen some challenging times, it must be said that the impact on the performance of most funds has been limited. The industry as a whole has acted in a very mature fashion in dealing with the downturn. Except for a handful of debt funds, most fixed-income funds have been able to protect capital because of adequate diversification, lack of concentrated exposures and overall better quality of papers. The fact that the industry has been able to keep its head above water in one of the worst credit crisis that India has seen, gives a lot of hope that the fixed income industry shall grow from strength to strength - Raghvendra Nath,  MD, Ladderup.

Any improvement in macroeconomic parameters and corporate fundamentals would have an immediate positive impact on prices and thereby the MF NAVs. While the short term uncertainties are likely to continue, the medium-term outlook is looking quite positive. The mutual fund industry’s growth story will span across a longer time frame and the industry is well poised for exponential growth -- Raghvendra Nath, MD, Ladderup.

We expect gold prices to remain firm in the domestic markets with key support level at Rs 37,500. Gold will show weakness only when it closes and remains below Rs 37,500 levels.  The US-China trade war, geopolitical tensions between US and Iran, impending Brexit, the civil unrest in Hong Kong and the Democrats working toward impeaching President Trump have supported gold prices throughout the year. Gold prices closed at $1,312 last year and have gained around 20% from thereon in international markets testing a high of $1,566 in the month of September. Click here to know more: financialexpress.com/market/commodities/gold-prices-surge-over-20-this-year-rally-to-continue-for-these-reasons/1747026/

With consumption ticking up and it’s Maggi, now getting more sales and a high market share, Nestle India is expected to outperform its peers in the coming year. Nestle is one of the few Nifty 50 companies with a history of over 100 years in business. Its reputation was hammered in 2015 after Food safety regulators raised questions on the lead levels in its flagship product in India – Maggi. However, since then they have campaigned and focused on winning consumer confidence back.

Kotak Bank’s main focus historically has been on maintaining good asset quality and controlling its NPAs. Its Risk-Weighted Assets as a percentage of Total Assets have continuously declined and the bank currently enjoys industry-low NPAs.The company has shown good consistent profit growth of over 26% in the past 5 years. With the financial sector witnessing major liquidity crisis currently, Kotak Bank can be one name that stands out in this sector in the coming year -- Amit Gupta

The largest port owner of the country is also into rail operations and is the largest private train operator in India. It has a fleet of 34 container rakes plus has 14 rakes on order. The company also operates 7 Grain rakes and 2 BOXN-HN rakes under the GPWIS scheme.  With the government planning divestment of Concor, it can be a good buy for Adani Ports which will make them the largest port operator of the country as well as the largest rail freight the operator in the country, says Amit Gupta, CEO, Trading Bells. 

Recently RIL became the first-ever Indian company to breach the Rs 9 trillion market capitalization mark. Its focus on retail business and online sales will help the sales grow further from here. Reliance Retail is not just Reliance Fresh or Reliance Digital, but it extends much beyond that. Reliance is partners with some of the biggest brands of the world in India like Marks &Spencer, Steve Madden, Mothercare, Michael Kors, Jimmy Choo, Hamleys, Burberry, Armani to name a few.  With a mix of online and retail, also premium and own brands, they might have an offering for all kinds of buyers, giving it a strong brand presence across the country, said Amit Gupta. 

The Company is virtually debt-free and has a good return on equity (ROE) track record of 23% in the past 3 years, at the same time maintaining a healthy dividend payout of 40%. It is important to note that the Promoter’s stake has increased in Bajaj Auto recently which is a sign that the promoters are themselves finding the stock price attractive compared to its current valuation -- Amit Gupta. Click here to know more: https://www.financialexpress.com/market/cafeinvest/these-nifty-stocks-may-bring-more-prosperity-to-diwali-as-demand-in-economy-may-soon-revive/1747077/

This year Diwali has started early for India Stock market investors as they saw Nifty scaling more than 500 points in the past 2 weeks from a low of 11,126 on 7-Oct to 11,661 closings on Friday 18-Oct. With the consumption story growing strong in India, Government focuses on making India a 5 trillion dollar economy by 2024 and steps such as Make in India, the Indian corporate industry is showing promising signs of growth for the coming year -- Amit Gupta, Co-Founder and CEO, TradingBells?.

A good monsoon is a positive side this year which will definitely provide a fillip to rural demand. Add to this the P-D-C season (Puja-Diwali-Chhat), which will be followed by the marriage season, and you can see a clearly rising demand for consumer goods including automobiles, Vinay Pandit says.

As per the recent channel checks that we carried out with nearly 35-40 stores in UP, VMart Retail is the format to beat in the micro-markets. This stands true for both the factors namely Same-Store-Sales-Growth (SSSG) and sales per-square feet (PSF). UP and Bihar constitute 60% of VMart stores and staff manning these stores are optimistic about festive season's targets being achieved. VMart is our top pick in the sector -- Vinay Pandit.

The recent announcements/news flow regarding enhancing FDI in Defence sector through automatic route to 74% will provide necessary fillip to the valuations of the sector. One could expect a lot of action in this sector over the next 3- 5 years as India looks to ramp up its defence procurement, correcting the imbalance of defence standards versus larger peers in the region -- Vinay Pandit

"Overall, we believe the auto sector has bottomed out and it is time to cherry-pick low valuations in the sector. Bajaj Auto, Hero Motocorp, TVS Motor, and Ashok Leyland continue to be our top picks," says Vinay Pandit, Head of Institutional Equities, IndiaNivesh Securities Ltd. Click here to know more: https://www.financialexpress.com/market/looking-for-where-to-invest-after-diwali-these-sectors-may-give-surprising-returns/1747030/

Muhurat trading, which lasts for 60 minutes, coincides with the beginning of the Hindu calendar year (Vikram Samvat 2076). This day is considered auspicious, and it is expected for trades that are conducted in this time period to bring in prosperity, good fortune and wealth.

In the Muhurat trading session last year, the S&P BSE Sensex index climbed 0.7 per cent to end at 35,237.68 and the broader NSE Nifty benchmark rose 0.65 per cent to 10,598.4. 

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.

The Muhurat trading window will be available from 6:15 pm to 7:15 pm. This window will be applicable to the equity, equity derivatives, currency derivatives, and commodity derivatives segments.

The pre-opening session will be conducted from 6:00 pm to 6:08 pm on both stock exchanges. On regular trading days, the pre-opening session opens for fifteen minutes starting 9:00 am.