Muhurat Trading Highlights: Share markets surge as Sensex closes at 60067, Nifty at 1791; M&M, ITC top gainers

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Updated: November 4, 2021 7:41:24 pm

Samvat 2078 | Sensex, Nifty, Muhurat Trading Highlights: Domestic markets closed the muhurat trading session with gains. Broader markets outperformed benchmark indices.

Muhurat trading sessionIndia VIX closed in red, giving 16 levels.

Sensex, Nifty, Muhurat Trading Highlights: Domestic markets closed with gains on the muhurat trading session. S&P BSE Sensex gained 295 points or 0.49% at 60,067 while NSE Nifty 50 added 87 points or 0.49% at 17,916. Bank Nifty was up 0.44% at 39,573. Midcap and smallcap indices outperformed benchmark indices. India VIX gave up 16 levels, falling 2.36%. Mahindra & Mahindra was up 3.13% as the top Sensex gainer, followed by ITC, Bajaj Auto, and Kotak Mahindra Bank. ICICI Bank was the top loser, falling 0.43%, followed by Ultratech Cement, Asian Paints, and Dr Reddy. The stock markets in India arrange a special session considering the occasion auspicious, and trades conducted in this session are believed to bring prosperity, good fortune and wealth. Muhurat trading has been organised by BSE since 1957 while NSE started it from the year 1992.

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Highlights

    19:38 (IST)04 Nov 2021
    Gainers and losers

    Mahindra & Mahindra was up 3.13% as the top Sensex gainer, followed by ITC, Bajaj Auto, and Kotak Mahindra Bank. ICICI Bank was the top loser, falling 0.43%, followed by Ultratech Cement, Asian Paints, and Dr Reddy. 

    19:18 (IST)04 Nov 2021
    CLOSING BELL

    Domestic markets closed the muhurat trading session with gains. Broader markets outperformed benchmark indices. Bank Nifty closed 0.44% while India VIX closed below 16 levels.

    19:12 (IST)04 Nov 2021
    Smallcaps in action

    On the BSE Smallcap index, Mirza International was the top gainer, up 17%, followed by Mediacamen Biotech and SKF India.

    19:09 (IST)04 Nov 2021
    Where will domestic equities go in Samvat 2078

    “Over the past one year we have seen the Nifty deliver a 50% return, and the small /mid-cap indices broadly delivered around 80% returns. It will be unfair to assume that the benchmark indices will deliver similar returns in the short term. Benchmark index returns in the short term may not be the right way to assess the investment opportunity. A carefully constructed portfolio which harnesses the tailwinds, which the Indian Economy is expected to enjoy in the coming years, should deliver 12-15% compounded returns over the medium term. Right from IT, domestic manufacturing, real estate, and real estate full chain, to financial services, capital market intermediaries, and capital goods --- all the sectors are expected to do well over the medium term. Hence, over the medium term investors can make significant wealth by investing in domestic equities," said Krishna Kumar Karwa, Managing Director - Emkay Global Financial Services.

    19:02 (IST)04 Nov 2021
    India VIX trims losses

    India VIX was nearing 16 levels on muhurat trading session as the index trimmed early losses nearing the closing bell.

    18:56 (IST)04 Nov 2021
    Two Sensex stocks in red

    ICICI Bank and Ultratech Cement were down with marginal losses during the muhurat trading session. 

    18:51 (IST)04 Nov 2021
    Sectoral watch

    All sectoral indices on NSE were in the green on Thursday. Nifty media was up 1.43% as the top index gainer, followed by Nifty PSU Bank and Nifty Auto index. Bank Nifty was up 0.54%. 

    18:48 (IST)04 Nov 2021
    Real estate still interesting?

    Real Estate has seen appreciation, but there is still more legroom in the space, said Madhu Kela in an interview with CNBC TV18. He added that the trend does not look to die in the near term and believes some stocks in the real estate space are still interesting. 

    18:42 (IST)04 Nov 2021
    Don't chase momentum

    "People are buying anything in this market, and that does not end well," said Madhu Kela of MK ventures in an interview to CNBC TV18. "Do your own homework don't go chasing momentum and tips," he added.

    18:40 (IST)04 Nov 2021
    Global headwinds to be offset by Indian macros

    "After a great year for equity markets, investors are looking forward to markets continue rising though not at the same pace. Global headwinds in the form of rising inflation and withdrawal of monetary stimulus may impact the momentum, but strength in Indian macros and improving micros may help offset these. Investors need to conduct portfolio review, asset allocation review, and raise the quality of stocks held in their portfolio," said Dhiraj Relli, MD & CEO, HDFC Securities.

    18:37 (IST)04 Nov 2021
    Nifty seen at 19500 by March, likely to hit 21000 by next Diwali

    Money making may not be as easy as it was in the last 18 months where the entire market rallied into one of the best bulls ever witnessed. We are advising clients to be selective and play smart with sectoral allocation to reap the benefits of the move from here. Technically, we remain positive on the Nifty for a target of 19,500 by March next year and 21,000 by next Diwali. Dips and corrections if any should be good buying opportunities and if played well can help us make the most of what Samvat 2078 has to offer us.

    ~ Rahul Sharma, Director & Head- Research, JM Financial Services

    18:35 (IST)04 Nov 2021
    Bharti Airtel, BoB, L&T to offer decent returns by Diwali 2022; key factors to drive stock markets

    Last year before Diwali, India was grappling with the aftermath of the first Covid-19 infections wave and there were considerable uncertainties on how the pandemic will impact India and globe. Stock markets had recovered from a steep Covid-19 induced fall and benchmark nifty was pushing near pre-Covid all-time highs levels of 12000 levels. Last year’s Diwali picks were issued in such an uncertain environment.

    18:32 (IST)04 Nov 2021
    India VIX in red

    India VIX, the volatility gauge, gave up 16 levels during the muhurat trading session. The index was down 1.1%.

    18:31 (IST)04 Nov 2021
    Shining bright

    Indian Hotels was the top gaining scrip on S&P BSE 500 index on the muhurat trading session. The stock was up 5.5%, followed by IIFL Finance, up 5%, and Aster DM, up 4.4%.

    18:25 (IST)04 Nov 2021
    No Sensex stock on red

    All Sensex constituents were trading with gains on Thursday as the muhurat trading session went on. The top gainer was up Mahindra & Mahindra, up 2.66% while Bajaj Finserv was the worst performing stock, but was up 0.14%.

    18:23 (IST)04 Nov 2021
    Smallcap, midcap indices outperform

    Smallcap and Midcap indices were outperforming benchmark indices during the Muhurat trading session. Nifty Midcap 50 was up 0.75% while the Smallcap 50 index was up 1.26%. Nifty 50 meanwhile, was up 0.62%.

    18:21 (IST)04 Nov 2021
    Top gainers

    Mahindra and Mahindra was the top gaining stock on stock on Sensex on muhurat trading session, up 1.63%. This was dollowed by Kotak Mahindra Bank, State Bank of India, and IndusInd Bank.

    18:17 (IST)04 Nov 2021
    OPENING BELL

    Domestic markets opened in the green on muhurat trading session. Broader markets outperformed benchmark indices. Bank Nifty was up in the green, looking to regain 40,000 mark. 

    18:09 (IST)04 Nov 2021
    Pre-open ends in green

    Nifty 50 index ended the pre-open session above 17,900 while Sensex was above 60,200. 

    18:08 (IST)04 Nov 2021
    Index may not go below 16,500: Rakesh Jhunjhuwala

    Big Bull Rakesh Jhunjhunwala believes that the Nifty 50 index will not go below 16,500. In an interview with CNBC TV18, the ace investor said that the index, in his opinion, will not correct more than 10%.

    18:04 (IST)04 Nov 2021
    Market up-trend intact, says Rakesh Jhunjhunwala

    Ace investor Rakesh Jhunjhunwala said that the market uptrend is very much intact, in an interview with CNBC TV18. "People are getting alarmed. At the peak of covid, index had gone from 11,500 to 7,500 now it sits above 17,000. We are racing from 7,500 we will pause that is healthy," he said. 

    18:02 (IST)04 Nov 2021
    Pre-open session taken Sensex, Nifty higher

    On Muhurat trading session, Sensex regained 60,500 while Nifty 50 was inching closer to 18,000 mark as bulls look set to help investors pocket healthy returns on muhurat trading. 

    17:55 (IST)04 Nov 2021
    Muhurat stock picks 2021: Bata India, Bank of Baroda among top stocks to bet on this Diwali

    Domestic markets witnessed a stellar journey during Samvat 2077. Despite the pandemic in play and the second wave spreading havoc across the country, the NSE Nifty 50 index recorded its best ever returns in 12 years. Foreign investors continued to buy domestic and large number of retail investors entered the market. Going ahead, fundamental reasons such as pro-growth policies, National Asset monetization pipeline, and strong recovery in real estate are some of the reasons that are keeping investors analysts at ICICI Direct bullish on India’s growth story. The brokerage firm has hand-picked seven stocks that it is advising investors to buy this muhurat trade.

    Check stocks to buy

    17:53 (IST)04 Nov 2021
    Samvat 2078: Nifty in major uptrend, may hit 20000 above 18600; Bank Nifty to scale 47000 by Diwali 2022

    SAMVAT 2078 will be a year of balance sheet leverage, led by significant improvement in corporate profitability. Cumulative and rolling net profit of NSE 500 universe or the last four quarters has touched an all-time high with loss-making sectors turning positive and significantly contributing to the net profitability. Moreover, ROE or the broader market is improving after a muted performance for several years. Overall, the Indian market has entered into an earning’s up-cycle with an expectation of more than 20% growth in Nifty’s earnings in the next two years. With faster economic recovery on the cards, more cyclical sectors are likely to join the rally with the expectation of higher government spending moving forward. The Small and Mid Caps are picking up steam and balance sheet leveraging is likely to play out in 2022 with an improved outlook on return ratios and profitability.

    17:49 (IST)04 Nov 2021
    Samvat 2078 likely to be very volatile

    "After the spectacular returns in Samvat 2077, investors should expect modest returns only, say in low teens, in Samvat 2078. This Samvat is likely to be very volatile, unlike last Samvat. Rising inflation would be the biggest known threat to the market. Rate hikes by the Fed can happen by the end of 2022  or, perhaps, earlier than that if persistent inflation and the bond market forces the Fed's hands. Rate hikes by the Fed will lead to some capital flight from emerging markets like India and this is likely to trigger some sharp correction in the market. But the correction may turn out to be low and short-lived if the economy rebounds smartly. Metals, Realty, IT, Banking, Financials like mortgage and Fintech, Telecom and Capital goods are likely to perform well. In Samvat 2077, while Nifty delivered 40% return, the Mid and Small-cap Indices delivered 70 % and 80 % returns respectively. This outperformance may continue. Investors should play this space through the mutual fund route, preferably  through SIPs."

    ~ VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. 

    17:48 (IST)04 Nov 2021
    SGX Nifty trades flat

    SGX Nifty was trading flat ahead of the muhurat trading session today. SGX Nifty was down 4 points ahead of the day's special session.

    17:46 (IST)04 Nov 2021
    Diwali Muhurat Trading 2021: Check date, timing, significance and stocks to buy this Diwali

    Stock exchanges will open for an hour this Diwali for the ‘Muhurat’ trading session on November 4. BSE and NSE will allow investors to buy and sell stocks from 6:15 PM to 7:15 PM on Diwali. The muhurat trading session is held every year on the occasion of Diwali, for an hour. The broking community performs Lakshmi Puja and trade during this period. The muhurat trading session has a block deal session prior to normal trading and is followed by a closing session. Last year, BSE Sensex gained 145 points to end at its highest ever closing tally at that time while NSE Nifty 50 closed below 12,800.

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