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Tag: Muhurat Trading

  • Sensex Rises 448 Points, Nifty Rallies Above 24,300 In Muhurat Session | Market News

    New Delhi: Benchmark BSE Sensex rose nearly 448 points in the early session of special Muhurat trading on across-the-board buying by investors to mark the start of the new Samvat Year 2081. The 30-share index increased 447.90 points, or 0.56 per cent, to 79,836.96 as all of its constituents traded in the green. The index opened higher at 80,023.75 but shed some gains later.

    The 50-issue Nifty of the NSE spurted 150.10 points, or 0.62 per cent, to 24,355.45 with 47 of its constituents ending in the green. Among major Sensex movers, Mahindra & Mahindra rose 2.66 per cent, Adani Ports by 1.42 per cent, and Tata Motors by 1.35 per cent.

    NTPC, Axis Bank, Titan, IndusInd Bank, Tata Steel, HDFC Bank, Reliance Industries and Bharti Airtel also advanced. Muhurat trading is a one-hour, symbolic trading session conducted by stock exchanges on the occasion of Diwali, marking the start of the new Samvat year.

    During the Samvat year 2080 that ended on Thursday, the BSE Sensex jumped 14,484.38 points, or 22.31 per cent, while the Nifty climbed 4,780 points, or 24.60 per cent. Global markets were mixed as European shares rose in early trade. Most Asian markets closed with losses.

    Japan’s benchmark Nikkei 225 dropped 2.6 per cent, the Shanghai Composite slipped 0.2 per cent and South Korea’s Kospi lost 0.5 per cent. Hong Kong’s Hang Seng index added 0.9 per cent.

  • Diwali 2024 Muhurat Trading: Date, Time, Significance, And History Explained | Economy News

    New Delhi: Diwali is one of the most popular festivals of India, marked by joy and fervour. Apart from the celebrations, this day has a special significance in the share market due to the ‘Muhurat Trading’ session that is held on the festival day every year.

    The new Samvat or Hindu New Year begins at the time of Diwali. During this time, many investors believe that trades made during Muhurat draw prosperity for the year ahead. In view of these sentiments of the people, a special window of one hour is given for investing in the stock market on Diwali. In this special session, investors can easily invest in shares through their demat account.

    In 2024, the Muhurat trading session will be held on the evening of November 1 and people will be able to invest in the stock market from 6 pm to 7 pm However, trading in the market is closed during the day.

    During the Muhurat trading session, normal trading takes place in all segments of the market and one can trade in derivatives along with equity. Muhurat trading was first started on the Bombay Stock Exchange (BSE) in 1957. Muhurat trading on the National Stock Exchange (NSE) started in 1992.

    Before the introduction of electronic demat accounts, traders used to participate in Muhurat trading on the exchanges. If the history of the last 11 years of Muhurat Trading sessions is reviewed, the stock market has performed positively in 9 out of 11 sessions. Since 2018, the market has consistently given positive returns on the day of Muhurat Trading. Only in 2016 and 2017, it gave negative returns.

    In last year’s Muhurat Trading session, the Sensex rose 355 points, or 0.55 per cent, to 65,259 and the Nifty 50 index rose 100 points, or 0.52 per cent, to close at 19,525. During this period, midcap and smallcap stocks performed better, with the BSE Midcap index giving a return of 0.67 per cent and the BSE Smallcap index giving a return of 1.14 per cent.

  • Diwali Muhurat Trading 2022: Sensex jumps over 650 factors in opening offers, Nifty above 17,750-mark

    The benchmark fairness indices on the BSE and National Stock Exchange (NSE) started the particular Muhurat buying and selling session on a constructive notice rising over 1 per cent greater.

    At 6:15 pm, the S&P BSE Sensex was buying and selling 650.71 factors (1.10 per cent) greater at 59,957.86 whereas the Nifty 50 was at 17,768.10, up 191.80 factors (1.09 per cent).

    On the Sensex pack, Larsen & Toubro (L&T), Bajaj Finserv, Housing Development Finance Corporation (HDFC), NTPC, HDFC Bank, ICICI Bank, Nestle India, Power Grid and Asian Paints have been the highest gainers within the early offers whereas Hindustan Unilever (HUL) was the only loser.

    Heading into the particular buying and selling session, home brokerages resembling HDFC Securities, Kotak Securities and Prabhudas Lilladher have advisable sure shares on the idea of varied elementary and technical components, starting from giant cap to broader market classes.

    Muhurat buying and selling time

    The BSE and NSE is conducting the auspicious Muhurat buying and selling session on the event of Diwali right this moment (October 24, 2022).

    The one-hour particular session is completed initially the brand new Hindu accounting 12 months – Samvat 2079. Muhurat buying and selling is a symbolic session carried out by the Indian inventory exchanges yearly on Diwali.

    This 12 months, the Muhurat buying and selling session is scheduled between 6.15 pm and seven.15 pm on October 24, 2022. The pre-open session might be held from 6 pm to six:15 pm.

    Historically, the BSE began the Muhurat buying and selling in 1957 and the NSE started conducting it in 1992.

    Importance of Muhurat buying and selling

    This particular buying and selling session opens following the Hindu Panchang. This marks the start of a brand new Hindu calendar often known as Samvat which begins on Diwali. Muhurat buying and selling is taken into account to be very auspicious by Indian buying and selling group who consider that it brings prosperity and monetary development all year long.

  • No, investing on Diwali doesn’t fetch excessive returns

    Towards this finish, inventory exchanges preserve the buying and selling window open for one hour, in what’s historically generally known as ‘muhurat trading’, on Diwali—the pageant of lights is widely known on 24 October this yr. On Dhanteras—the primary day that marks the pageant of Diwali, investing in treasured metals like gold is common as folks suppose it brings them luck and luck.

    “I imagine in Indian tradition and values, so, I simply do a token funding on Diwali every year. It’s only a sentiment and nothing greater than that,” said Vikas Khemani, founder, Carnelian Asset Advisors.

    Making investments on this day has a lot to do with the sentiments and beliefs in our value system but this should not be done with expectations of generating higher returns. We analysed the 1-year performance of the broad market index—Nifty 500 TRI—and gold as represented by Nippon India ETF Gold BeES during the last 10 years. There is no evidence to prove that making investments during ‘muhurat trading’ or on dhanteras  generates extra returns.

    During the period we analysed, only in four out of ten years, a share market investment made on Diwali would have outperformed the average return made by investing on any other day during the calendar year. Similar is the case for gold. Here, the average return is the mean of the 1-year return rolled during each calendar year. 

    The best and worst Diwali, in terms of 1-year return from the stock market investment, would be in 2020 and 2017 with 52% and -2%, respectively. The correction in the stock market in 2020, in the aftermath of covid-19 outbreak, and the consequent rally in the market in 2021 helped generate higher returns from stock investments in 2020. For gold, the best and worst Diwali investments would be in 2019 and 2013 respectively, with 31% and -13% returns in one year. The spike in gold prices in 2020 as investors moved to safe-haven assets from risky stock market investments resulted in higher 1-year return from the asset class for investments made in 2019.

    It is a no-brainer to understand that this is not just for the investment made on Diwali. Any underperformance or outperformance compared to other dates in the year is just because of the normal market action and has nothing to do with muhurat trading or dhanteras. “There’s no harm in putting some incremental money into your portfolio on Diwali, if the investor believes it is auspicious, but the starting point and end point cannot be from one Diwali to another,” stated Gurmeet Chadha, managing associate and chief funding officer at Complete Circle Wealth. 

    Diwali inventory concepts

    Experts and brokers typically come out with inventory investing concepts on varied media platforms throughout this season. Though such suggestions could possibly be given in good religion, there are some things buyers want to remember earlier than taking these concepts significantly. 

    The most essential factor is the timing of entry and exit in inventory market investing.  “Each inventory has an entry and an exit level. You could not see the identical skilled speaking about the identical inventory as soon as Diwali is over. You could have an entry level, however not know the exit level,” said Basant Maheswari, co-founder & partner, Basant Maheshwari Wealth Advisers.

    The importance of timing becomes crucial in the case of cyclical stocks, which are more volatile than non-cyclical or defensive stocks. Thus, it is better to avoid considering stock recommendations, especially cyclical stocks, by experts on media platforms.

    Even for other stocks, one can consider recommendations only as an input for  your market research.

     “Investors’ psychology everywhere is to seek tips. But, they need to learn enough about businesses and stocks. By considering stock tips, you can borrow the idea, but you need your own conviction to hold onto these ideas when things go bad,” opined Samir Arora, founder and fund supervisor at Helios Capital Management.

    An understanding of valuations, enterprise and governance are essential to generate affordable returns from fairness. When investing instantly in shares, “there is no such thing as a substitute to doing your individual analysis or understanding the enterprise. There isn’t any various to constructing your individual conviction,” added Khemani.

    Experts also suggest that we need to understand the background of experts giving recommendations. There are experts who advocate various styles of investing such as momentum, value, and growth. Each comes with different requirements of holding period, risk appetite, etc. 

    Further, there were many instances in the past in which the calls by celebrity investors went wrong. Taking cues from their holding for your personal investment, too, is not advisable. 

    For example, the late Rakesh Jhunjhunwala, a renowned investor held DHFL in his portfolio in the past. After failing to service its debts, the price of the non-banking financial company collapsed and the firm was finally delisted in 2021. 

    “Star or celebrity managers can afford to lose money. Most retail investors can’t,” stated Vidya Bala, co-founder, PrimeInvestor.in.

    Sunil Singhania, founder – Abakkus Asset Manager, stated retail buyers shouldn’t instantly put money into shares. “They must be investing in mutual funds, probably the most environment friendly types of investing,” he added.

    Portfolio approach

    When investing in stocks based on recommendations, one also needs to examine where that stock fits in one’s portfolio.

    “Apart from the overall asset allocation, a portfolio approach for each asset class is necessary. For equity, both in terms of the risk profile of the stock, and the diversification or the concentration that the stock is adding to investors’ portfolio is to be checked,” added Bala.

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  • Muhurat buying and selling: Top shares to purchase on Diwali for Samvat 2079

    The Indian inventory exchanges – BSE and National Stock Exchange (NSE) – will conduct a one-hour particular Muhurat buying and selling session on the event of Diwali on Monday, October 24, 2022.

    The buying and selling session could be held between 6:15 pm and seven:15 pm and the pre-open will start at 6:00 pm, each the bourses knowledgeable in separate circulars final week. All trades executed on this Diwali Muhurat buying and selling session shall lead to settlement obligations.

    The auspicious one-hour session will mark the start of the brand new Samvat 2079 – i.e. the traditional Hindu calendar yr which begins on the day of Diwali. In the buying and selling group, the customary Muhurat session is believed to deliver wealth and prosperity all year long.

    Indian markets are shut all through the day on Diwali however are solely open for an hour for Muhurat buying and selling on account of Laxmi Pujan on today.

    Historically, the BSE began the Muhurat buying and selling in 1957 and the NSE started conducting it in 1992.

    Heading into the particular buying and selling session, home brokerages corresponding to HDFC Securities, Kotak Securities and Prabhudas Lilladher have come out with their respective experiences on shares to purchase this Diwali for bumper returns.

    These brokerages have really helpful the shares on the idea of assorted elementary and technical components, starting from massive cap to broader market classes.

    Top shares to purchase for Samvat 2079
    HDFC Securities
    Bharat Electronics: Buy – Target: Rs 123; Upside: 22%

    Orders influx is predicted at Rs 18,000-20,000 crore in FY23E. The firm has maintained its income progress steerage of 15 per cent and EBITDA margin steerage of 21-23 per cent for FY23E. The chips provide scenario is healthier now than within the earlier yr. Therefore, we count on FY23E income progress and margin to surpass the given steerage.

    We advocate buyers to purchase the inventory at Rs 101 and add extra on dips at Rs 87 (22.0x FY24E EPS) for a goal value of Rs 123 (31x FY24E EPS) until subsequent Diwali.

    Birla Corporation: Buy – Target: Rs 1,069; Upside: 19%

    BCL is dedicated to rising its annual cement manufacturing capability to roughly 30 million tons (mt) by 2030. Its present manufacturing capability stands at 20 million tons. This formidable growth plan guarantees a buoyant outlook for the corporate by guaranteeing improved profitability, money stream and effectivity.

    We advocate buyers to purchase the inventory at Rs 896 and add extra on dips at Rs 784 (6.3x EV/EBITDA FY24E, $63.9/T FY24E) for a goal value of Rs 1069 (7.7x EV/EBITDA FY24E, $78.8/T FY24E) until subsequent Diwali.

    Bharat Dynamics: Buy – Target: Rs 1,022; Upside: 19%

    BDL is constantly engaged in new product growth and upgradation of current merchandise to satisfy buyer necessities. Its order e-book stood at ~Rs 13,000 crore, implying internet order inflows of ~Rs 3,500 crore in Q1FY23. The majority of its order influx, to the tune of ~Rs 2,970 crore, is generated by the Astra Beyond visible vary Air to Air missile. The order e-book is executable within the subsequent 2-3 years. Key new home orders within the pipeline are price ~Rs 8,000 crore.

    We advocate buyers to purchase the inventory at Rs 858 and add extra on dips at Rs 774 (20.5x FY24E EPS) for a goal value of Rs 1022 (27.0x FY24E EPS) until subsequent Diwali.

    Kotak Securities
    Mahindra & Mahindra (M&M): Buy – Target: Rs 1,500; Upside: 22%

    Given the sturdy order e-book on account of profitable new launches, we count on the automotive phase to ship a powerful efficiency within the coming quarters. The firm expects to steer the EV (electrical automobile) revolution in India via the three strategic pillars of name, design and expertise.

    Our Fair Value of Rs 1,500/share relies SoTP (sum-of-the-parts) foundation. Attractive valuations and cheap progress prospects drive our BUY ranking.

    Reliance Industries Ltd (RIL): Buy – Target: Rs 2,980; Upside: 26%

    RIL can discover reorganisation of the corporate into three impartial entities for its three completely different enterprise verticals. Reorganisation will assist the corporate in reaching three mutually linked aims of (1) construction, (2) succession and (3) segregation. In our view, three impartial listed entities for RIL can be within the areas of power, retailing and telecommunications.

    We assume RIL will checklist its retailing (Reliance Retail and associated entities) and telecommunications (Jio Platforms and associated entities) over the following 2-3 years. We assume all of the three members of the following technology can be current on the board of RIL whereas actively managing a selected vertical on the similar time.

    RIL has created important worth for buyers by reinvesting into companies. We count on incomes per share to extend by 24.4 per cent in FY23E and by 19.1 per cent in FY24E. Sum-of-the-parts (SoTP)-based Fair Value is Rs 2,980.

    Infosys: Buy – Target: Rs 1,750; Upside: 19%

    Infosys can be on the forefront of driving the digital journey of shoppers. Low publicity to legacy providers, strong digital credentials & potential to construction & win
    built-in & advanced transformation offers are positives & will energy industry-leading progress. Infosys can profit from elevated give attention to price takeout priorities by shoppers.

    Sufficient levers accessible to maintain margins in 21-22 per cent band. Infosys has raised income progress steerage to 15-16 per cent from 14-16 per cent earlier for FY23. EBIT margin can additional enhance as supply-side pressures ease. This will translate into sturdy EPS Compound annual progress price over the following three years.

    Maintain BUY ranking, valuing the inventory at 25x September 2024E EPS. Fair Value will increase to Rs 1,750 on rollover.

    Prabhudas Lilladher
    Bharti Airtel: Buy – Target: Rs 1,032; Upside: 32%

    Bharti is a play on sturdy restoration in telecom sector, led by consolidation and better ARPU. Led by supportive authorities insurance policies, we count on sector’s wi-fi income to extend at 17.7 per cent CAGR over FY22-25E (as ARPU will rise from Rs 134 to Rs219 in FY25E). Focus on premiumisation and buyer centered methods led to highest Adjusted Gross Revenue (AGR) in Q1FY23 for Bharti over one/two-year progress at 25.1 per cent/30.3 per cent vs Jio’s 20.6 per cent/18.7 per cent. We count on Bharti’s EBIDTA to extend at 21.8 per cent CAGR over FY22-25. Reiterate ‘BUY’ with SOTP based mostly PT of Rs 1,032.

    Avenue Supermarts (DMart): Buy – Target: Rs 5,121; Upside: 24%

    D’Mart stays our prime decide to play the shift from unorganized to organized market in meals and grocery led by 1) consolidated {industry} with solely 2/3 gamers having large entry boundaries 2) Significant scope to develop in current catchments with potential of 1500 shops, as towards having 302 shops presently 3) Focus on on a regular basis low costs 4) Growing success of D’Mart prepared with expectation to show EBITDA constructive by FY25 5) 42% PAT CAGR over FY22-25, as sturdy gross sales are anticipated publish covid from new shops opened throughout covid 6) Margin accretion from rise within the share of common merchandise and attire phase. ‘Buy’ with a DCF based mostly goal value of Rs 5121.

    Jubilant Ingrevia: Buy – Target: Rs 860; Upside: 58%

    Jubilant Ingrevia (JUBLINGR) is properly positioned to capitalize on long run progress alternatives given (1) 60 new merchandise pipeline (2) sturdy traction in CDMO (3) import substitution (4) China+1 coverage and (5) commensurate capex outlay of Rs 20.5bn over FY22-25. Specialty chemical substances (SPCM) phase to steer earnings progress aided by highest capital allocation (Rs 13bn). Its vertical integration throughout worth chain drives price and market management (international prime 2 in pyridine-beta, vitamin B3) moreover permits it to maneuver up the worth chain. EBITDA contribution from larger worth segments (SPCM + NHS) is predicted to extend to ~67 per cent by FY25E from ~53 per cent in FY22, as SPCM/NHS EBITDA grows at ~27 per cent/11 per cent CAGR, whereas focus of its commodity vertical (Chemical Intermediates) reduces to 33 per cent by FY25E. Strong stability sheet (Net Debt/Equity at 0.1x) regardless of ~Rs 18bn money outflow on capex over FY23-25E and earnings combine enchancment led by larger worth and structural progress segments will drive rerating within the inventory, in our view. Reiterate ‘BUY’ on SoTP based mostly goal value of Rs 860 (implied consol Sep’24E EV/EBITDA of 13x and PE of 22x).

    The views expressed on this article with regard to the shares are these of the respective brokerages. Please seek the advice of your monetary advisor earlier than investing.

  • Samvat 2078: Muhurat buying and selling to start at 6:15 pm

    The BSE and National Stock Exchange (NSE) will conduct the Muhurat Trading session on the event of Diwali right this moment (November 4, 2021) from 6:15 pm to 7:15 pm.
    The one-hour particular buying and selling session is finished to start out the brand new Hindu accounting 12 months – Samvat 2078. Muhurat buying and selling is a symbolic buying and selling session performed by the inventory exchanges yearly on Diwali.
    This 12 months, the Muhurat buying and selling session is scheduled between 6.15 pm and seven.15 pm right this moment. The pre-open session might be held from 6 pm to six:15 pm. The closing session might be held between 7:25 pm and seven:35 pm.
    Importance of Muhurat buying and selling
    This particular buying and selling session opens following the Hindu Panchang. This marks the start of a brand new Hindu calendar often called Samvat which begins on Diwali. Muhurat buying and selling is taken into account to be very auspicious by Indian inventory merchants who consider that it brings wealth and prosperity all year long.