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

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Updated:Oct 27, 2019 7:27:28 pm

Vikram Samvat 2076 Highlights: Muhurat trading brings cheer to the market. Shares of Tata Motors, Infosys, Yes Bank jump.

samvat 2076, vikram samvat 2076, muhurat trading, bse, nse, bombay stock exchange, diwali trading, Vikram Samvat 2076: Muhurat trading

Sensex, Nifty, Vikram Samvat 2076 Highlights: Muhurat trading for this year has ended with Sensex and Nifty both in green. Sensex closed after climbing 192 points to 39,250, while Nifty closed at 11,627, after surging 43 points. Stocks of Tata Motors, Infosys, Yes Bank took a substantial leap. Only four out of 30 stocks listed on the index were trading in the loss. Tata Motors, up 17 per cent, was the biggest gainer in the early trade. Bharti Airtel, on the other hand, was trading 3 per cent lower as the top loser. On account of the Laxmi Puja on the day of Diwali, the BSE and NSE organise one hour of the special trading session every year. Muhurat trading also marks the beginning of the Hindu new year Vikram Samvat 2076. The stock markets in India arrange this special session because it is considered auspicious, and it is expected for trades conducted in this time period to bring prosperity, good fortune and wealth. Mahurat trading has been organised by BSE since 1957 while NSE started it from the year 1992.

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    18:53 (IST)27 Oct 2019
    Auto sector cheer: Shares of Mahindra & Mahindra jumps 3% in Muhurat trading

    Mahindra & Mahindra jumps nearly 3 per cent after selling 13,500 vehicles on Dhanteras.

    18:36 (IST)27 Oct 2019
    ICICI Bank shares fell after a record high

    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.

    18:23 (IST)27 Oct 2019
    Adani Ports, HUL, and RIL substantially gains

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

    18:08 (IST)27 Oct 2019
    Experts optimistic on the market in coming days

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

    17:53 (IST)27 Oct 2019
    Gold likely to soar

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

    17:43 (IST)27 Oct 2019
    Government vs Business

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

    17:40 (IST)27 Oct 2019
    PSU to give better returns

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

    17:35 (IST)27 Oct 2019
    Excess capacity is restricting further capital expenditure

    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.  

    17:34 (IST)27 Oct 2019
    Many structural flaws in Indian economy

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

    17:17 (IST)27 Oct 2019
    Muhurat trading to begin in one hour

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

    17:12 (IST)27 Oct 2019
    Block deal session to begin in 40 minutes

    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. 

    17:02 (IST)27 Oct 2019
    Rakesh Jhunjhunwala says no whistleblower complaints should be made public without investigation

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

    16:50 (IST)27 Oct 2019
    HDFC Bank to be the company with the largest market capitalisation in India

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

    16:41 (IST)27 Oct 2019
    Nifty to hit 12,000 mark

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

    16:35 (IST)27 Oct 2019
    Calcutta Stock Exchange stares at uncertain future on Samvat 2076

    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:

    16:25 (IST)27 Oct 2019
    Sensex, Nifty to remain closed tomorrow

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

    16:18 (IST)27 Oct 2019
    In Muhurat trading, Sensex rose seven out of 10 times in last 10 years

    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.

    16:12 (IST)27 Oct 2019
    Consumer staples, consumption, FMCG, utilities and PSU companies to out-perform broader markets

    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

    15:42 (IST)27 Oct 2019
    Excluding SIP flows, MF industry witnessed negative investments into Equity Funds

    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: 

    15:30 (IST)27 Oct 2019
    MF industry to strengthen after a long phase of downturns

    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.

    15:19 (IST)27 Oct 2019
    Medium-term outlook of mutual funds looks positive

    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.

    15:06 (IST)27 Oct 2019
    Gold prices expected to remain firm; returns higher than many other assets

    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:

    14:56 (IST)27 Oct 2019
    Nestle's increasing sales and market is expected to outperform its peers in the coming year

    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.

    14:51 (IST)27 Oct 2019
    Kotak Bank's fundamentals indicate a healthy return in coming year

    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

    14:34 (IST)27 Oct 2019
    Adani Ports can be a good bet for higher returns

    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. 

    14:25 (IST)27 Oct 2019
    Reliance Industries remains one of the top choices

    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. 

    14:18 (IST)27 Oct 2019
    Bajaj Auto is one of top picks of investors

    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:

    14:12 (IST)27 Oct 2019
    Indian corporate industry is showing promising signs of growth for the coming year

    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​.

    14:00 (IST)27 Oct 2019
    Consumer goods demand likely to increase soon

    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.

    13:49 (IST)27 Oct 2019
    Value Fashion Retailing is one of the top picks

    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.

    13:45 (IST)27 Oct 2019
    Defence sector may give good returns

    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

    13:37 (IST)27 Oct 2019
    Looking for where to invest after Diwali? These sectors may give surprising returns

    "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:

    13:34 (IST)27 Oct 2019
    Auspicious day for investors

    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.

    13:30 (IST)27 Oct 2019
    How did Muhurat trading fare last year

    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. 

    13:20 (IST)27 Oct 2019
    Settlement rule for Muhurat trading

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

    13:15 (IST)27 Oct 2019
    Muhurat trading regular timings

    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.

    13:12 (IST)27 Oct 2019
    Muhurat trading pre-open market timings

    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.

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