National stock indices posted smart gains on Thursday as investors built new positions at Muhurat’s special trading session to mark the start of the Hindu Samvat year 2078. The NSE Nifty 50 index closed up 0.49% at 17,916.8 in Muhurat’s hour-long trading session on Thursday. , while the benchmark S&P BSE Sensex was up 0.49% to 60,067.62.
Indian stock markets hold a special one-hour Muhurat trading session on Diwali every year to mark the start of the traditional Hindu calendar year. In the Sensex prize pool, the main winners were M&M, ITC, Bajaj Auto, L&T, Kotak Bank, Sun Pharma and Nestlé India. In contrast, ICICI Bank, UltraTech Cement, Asian Paints and Dr Reddy’s closed in the red.
The equity, currency and debt markets were closed on Friday for a public holiday on the occasion of ‘Diwali Balipratipada’.
For Monday, SGX Nifty indicates a positive start for Indian stock exchanges. Singapore Nifty (SGX Nifty) is the Indian Nifty which is traded on the Singapore Stock Exchange and is considered a probable first indication of the opening of Indian markets.
Stocks to buy today as recommended by analysts –
Sumeet Bagadia, Executive Director at Choice Broking
Mahindra & Mahindra: Buy M&M, Stop loss 850, Target 900-910
ITC: buy ITC, stop loss 220, target 232-235
Ravi Singhal, Vice President, GCL Securities Limited
Ciment Ambuja: Buy Ciment Ambuja at 412, Stop loss 406, Target 424,444
Manoj Dalmia, Founder and Director, Proficient Equities Limited
Mirza International: Buy Mirza intl at 71, Target 78, Stop loss 68
Ravi Singh, Head of Research and Vice President, ShareIndia
Adani Ports: Buy Adani Ports at 714, Target 725, Stop loss 709
Coal India: Buy Coal India at 169, Target 176, Stop loss 166
The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.
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