Muhurat Trading 2023: Sensex gains 355 pts on 1st session of Samvat 2080

Muhurat Trading on Diwali, November 12, 2023: Sensex, Nifty clock their second-best Muhurat trading gains in five years. Besides, it was their third-best Muhurat trading gain in 15 years

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Muhurat Trading Picks :: UPL, IDFC First among top stock picks by Reliance Securities

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Muhurat Trading Picks :: Stock picks by SBI Securities

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Gift Nifty cues :: Index up 126 points at 19,600

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Samvat 2079: Small- and mid-sized IPOs dominate market amid volatility

In Samvat 2079, while the number of IPOs was 50 per cent more than the previous year, the amount mobilisation was 44 per cent lower. The average IPO size for the Samvat stood at Rs 822 crore — the lowest in four years and over 60 per cent below the last year’s average of Rs 2,212 crore. READ MORE

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Samvat 2080 :: 'Gold may touch 66,000/10 gm this year'

Currently, geopolitical tensions are increasing among various countries, which is increasing uncertainty.

In times of uncertainty, the role of gold comes into play, and it saves investors' money from devaluation due to geopolitical tension, economic turmoil, and natural calamities.

In recent days, Israel has declared war against Hamas, while a war between Russia and Ukraine has been going on since 2022. Consequently, inflation has risen rapidly in the global economy, and gold is the best asset class to hedge against inflation.

However, the US Fed and other major central banks have started increasing their interest rates to control rising inflation, but the higher borrowing costs are damaging global growth.

Although an interest rate cut is expected in mid-2024, it may support gold prices. The ongoing geopolitical tension and fear of recession have elevated the demand for safe havens, and this may continue into 2024.

We are expecting the gold prices to move towards $2,250 in the Comex division, while in MCX, prices may move towards 64,000 to 66,000 per ten grams in the year 2024.

The gold prices have crucial support at 56,000.

Silver prices also move upward and may test 78,000 to 80,000 per kg levels in the upcoming year.

Views by: Nirpendra Yadav, Senior Commodity Research Analyst, Swastika Investmart 

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Aarti Drugs, Balrampur: 5 stocks that can surge up to 66% in Samvat 2080

While the overall mood remains upbeat given India's strong outperformance compared to the global peers both in terms of market performance and economic growth, experts do warn of likely volatility owing to the uncertain geopolitical developments and general elections in 2024. READ MORE

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Samvat 2080 :: 'Indian equities to deliver double digit returns over the next 2-3 years'

The Indian economy currently finds itself in a favourable growth position and is well-prepared to exhibit resilience in the face of global challenges. As we enter the new Samvat 2080, it promises an exciting year for the worldwide economy.

This new period is marked by continuing higher interest rates over an extended period, fluctuating bond yields, geopolitical tensions in the Middle East, and volatile oil prices.

On the domestic front, the outlook for the Indian economy appears particularly promising and bright. Despite the turbulence in the global landscape, India is on a favourable growth trajectory, which will serve as a significant driving force for Indian equities shortly.

The improvement in the financial health of corporate India's balance sheets and the significantly enhanced state of the Indian banking system represent additional positive factors.

These elements are poised to ensure that Indian equities consistently deliver double-digit returns in the next 2-3 years, supported by substantial double-digit earnings growth.

Views by: Shauryam Gupta, CEO, Rupeezy

5:34 PM

Samvat 2080: Volatility ahead; Will Sensex top 72K or test 58K first?

Given the recent consolidation in the market, select key indicators are flashing signs of caution going ahead. Further, the market is likely to remain choppy owing to geopolitics worries, volatile crude oil prices, high bond yields, global central banks action and general elections back home. READ MORE

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In the throes of Samvat 2079: A reward year for equity investors

Samvat 2079 was a rewarding year for investors with market making broad-based gains, underpinned by strong domestic as well as foreign flows. While the benchmark Nifty50 just managed to deliver double-digit gains, the small- and mid-cap emerged as hot favourites. READ MORE

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Samvat 2079: Bond yields soften, rupee stable despite falling to fresh lows

Government bond yields remained largely stable with a significant demand from insurance companies and state-owned banks throughout the year, said market participants. READ MORE

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KredX aims to discount invoices worth over Rs 500 crore in Muhurat Trading

"The Muhurat Trading Day 2023 will help businesses make the most of the festive demand by obtaining immediate working capital and drive even 10x growth with immediate sanction limits and reduced special discount rates through this event. We aim to discount invoices worth more than Rs 500 crore in a single day this Muhurat Trading Day," said Manish Kumar, founder and Chief Executive Officer of KredX. READ MORE

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WATCH :: How will markets play out in Samvat 2080?

Dalal Street is ready to enter Samvat 2080, which saw markets reach lifetime highs to retreat thereafter. As Samvat 2079 comes to an end with modest returns, will the gains sustain in Samvat 2080? WATCH HERE

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Here's how US Treasury yields look ahead of Samvat 2080

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Moody's changes US ratings outlook to negative, affirms AAA

>> Moody's on Friday changed the outlook on the government of United States of America's ratings to "negative" from "stable".

 

>> The rating agency said it expects United States' fiscal deficits will remain very large, significantly weakening debt affordability.

 

>> Moody's affirmed the long-term issuer and senior unsecured ratings at "Aaa".

 

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Global markets ahead of Muhurat Trading :: Wall Street logs strong gains