Sunday, December 22, 2024 | 07:05 PM ISTEN Hindi

Muhurat Trading Highlights: Sensex closes 300 pts higher at 79,700 in Samvat 2081's first session

Muhurat Trading Highlights: Benchmark Indian equity indices BSE Sensex and Nifty 50 ended the Muhurat trading session 2024, the first trading session of Samvat 2081, on a positive note

SI Reporter New Delhi

Share Market Today: Foreign Institutional Investors (FII) net sold Indian equities worth Rs 5,813.30 crore on Thursday, while domestic institutional investors (DII) net bought equities worth Rs 3,514.59 crore on October 31.

6:15 PM

Muhurat Trading LIVE Updates: Pre-open market update - Sensex, Nifty climb on first pre-open of Samvat 2081

Muhurat Trading LIVE Updates: Indian equity benchmark indices started Samvat 2081 on a positive note, with both the BSE Sensex and Nifty 50 trading with gains on the first pre-open session of the new year.

At pre-open, the BSE Sensex was up 494 points, or 0.62 per cent, at 79,883.70, and the Nifty 50 was at 24359.

5:55 PM

Muhurat Trading LIVE Updates: Festivities trigger gold buying spree, but volumes lag due to high prices

Muhurat Trading LIVE Updates: Gold demand in India jumped this week amid festival purchases, although volumes were lower than usual due to record-high prices.

"Retail buying jumped as consumers want to make purchases during the auspicious period. But many were making token-buys because of higher prices," said a Hyderabad-based jeweller.

In India, prices jumped to a record high of Rs 79,775 per 10 grams earlier this week, marking a nearly 33 per cent increase since last year's Diwali. READ MORE

5:52 PM

Muhurat Trading LIVE Updates: Stock picks by Geojit

5:51 PM

Muhurat Trading LIVE Updates: Stock picks by Geojit

5:47 PM

Muhurat Trading LIVE Updates: 'Investors should focus on stocks where Q2 results have been good'

Muhurat Trading LIVE Updates: "With Nifty returning 25 percent and Nifty 500 returning 30 percent in Samvat 2080, investors should be happy. But the 6.2 per cent correction in October, the first above 5 percent correction in 54 months, has triggered anxiety over the market performance, going forward. Of serious concern is the relentless FII selling in October amounting to Rs 113858 crores through the exchanges. Given India’s elevated valuations and concerns over deceleration in earnings growth, FII selling might continue, impacting the benchmark indices. In such a scenario investors should focus on stock-specific investment where Q2 results have been good and earnings visibility is bright.

The latest data regarding banking indicates that deposit growth has caught up with credit growth and this augurs well for banking stocks which are fairly valued. Public capex is likely to pick up in H2FY25 and this augurs well for cement stocks. Pharma stocks like Sun Pharma and Cipla have good earnings visibility."

Views By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

5:43 PM

Muhurat Trading LIVE Updates: Stock picks by Religare

5:39 PM

Muhurat Trading LIVE Updates: Asian markets closed mostly lower ahead of the start of Samvat 2081

Muhurat Trading LIVE Updates: Asia markets fell Friday, after the Nasdaq Composite and the S&P 500 suffered their worst day in nearly two months.

China’s CSI 300 had jumped over 1 per cent on Friday before reversing course to close marginally lower at 3,890.02. Hong Kong’s Hang Seng index closed 0.93 per cent higher at 20,505.38.

Japan’s Nikkei 225 fell 2.63 per cent to finish at 38,053.67, while the broad-based Topix dropped 1.52 per cent to end at 2,644.26, extending losses from Thursday when the Bank of Japan maintained its benchmark policy rate at 0.25 per cent.

In South Korea, the blue chip Kospi lost 0.54 per cent to close at 2,542.36, while the small-cap Kosdaq index declined 1.89 per cent to 729.05.

Australia’s S&P/ASX 200 slipped 0.5 per cent to finish at 8,118.8.

5:34 PM

Muhurat Trading LIVE Updates: Markets, gold, silver shine in Samvat 2080; ends on high note for investors

Muhurat Trading LIVE Updates: The just-concluded Hindu calendar year Samvat 2080 ended on a high note for investors. Equities, gold, silver, and bond prices rallied during the year. Small and midcap returns were better than largecaps for a second straight year within the equities space.

India’s market cap rose by Rs 124 trillion to Rs 445 trillion. International prices of gold and silver gained 43 per cent and 50 per cent, respectively. The yield on the 10-year benchmark government bonds in the US fell 38 bps to 4.27 per cent, while in India; it dipped 46 bps to 6.84 per cent. Among sector indices, public sector enterprises (PSEs), realty and pharma gained the most, while the performance of the media, private banks, and fast-moving consumer goods (FMCG) sectors lagged. READ MORE

5:32 PM

Muhurat Trading LIVE Updates: Nifty 50 index ends Samvat 2080 with 25% gain, most in three years

Muhurat Trading LIVE Updates: The Nifty 50 index has demonstrated resilience, closing Samvat 2080 with a nearly 25 per cent gain despite an 8 per cent pullback from its peak.

This performance marks one of the best years for the index since the post-Covid surge in Samvat 2077, when it soared by 38 per cent.

These gains reflect investor confidence and the market’s ability to recover from fluctuations, showcasing the overall strength of bluechip stocks in the current economic landscape. READ MORE

5:31 PM

Muhurat Trading LIVE Updates: Samvat 2081: Diwali picks from Kotak Sec, HDFC Sec, Nirmal Bang, JM Fin

Muhurat Trading LIVE Updates: Samvat 2080 has been a year of constant fresh highs for the key benchmarks BSE Sensex and NSE’s Nifty50, as both created many fresh lifetime highs during the year, buoyed by a resilient and one of the fastest growing emerging economies, steady earnings, a rate cut by the US Federal Reserve and a strong splurge of domestic flows.

The BSE Sensex created a fresh high of 85,978.25 on September 27, 2024, while the NSE’s Nifty50 also climbed a new peak on the same day, reaching 26,277.35 level. Both gained around 25 per cent during Samvat 2080. READ MORE

5:26 PM

Muhurat Trading LIVE Updates: Why 'Muhurat Trading' is a must, and what the tradition holds for investors

Muhurat Trading LIVE Updates: Muhurat Trading 2024: The festive season of Diwali, which is eagerly awaited by investors and traders alike, is often viewed as an auspicious time for financial activities. Investors are hyped for the Muhurat Trading 2024 session that will be conducted today, November 1, 2024. In the lead-up to Diwali, brokerage houses traditionally provide stock recommendations for the upcoming Samvat year. Investors use these to trade their favourite stocks and hoping for a favourable outcome. READ MORE

5:21 PM

Muhurat Trading LIVE Updates: Muhurat Trading 2024 - Know date, time to trade on NSE, BSE today

Muhurat Trading LIVE Updates: The National Stock Exchange (NSE), the BSE, and even the commodity exchange Multi Commodity Exchange of India (MCX), will conduct a special one-hour muhurat trading 2024 session today, November 1, 2024. Muhurat Trading is largely celebrated on the occasion of Indian festival Diwali, and to welcome the new Hindu Samvat year.

This year, India stock markets will conduct the Muhurat Trading 2024 session to usher in Samvat 2081. READ MORE