Diwali Muhurat Trading 2023 Highlights: Sensex, Nifty 50 begin Samvat 2080 on a strong note; PSUs, IT outperform

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• PFC ended as the top gainer on the Nifty Midcap index with gains of 3.3%
• Biocon ended as the second-best Midcap performer with gains of 3.2%
• KPIT Tech ended with gains of 3.1%
• NMDC and JSW Energy ended with gains of over 2% each

• Coal India ended as the top gainer on the Nifty with gains of 2.8%. The stock ended at the highest level in six years.
• UPL was the second best performer on the index, ending with gains of 1.6%.
• Infosys ended with gains of 1.4%.
• Eicher Motors and Bajaj Auto gained 1% each.

– Nifty 50 ends nearly 100 points higher at 19,523
– Sensex ends 350 points higher at 65,250
– Nifty Bank ends 160 points higher close to the mark of 44,000
– All sectoral indices end with gains
– Broader markets outperform
– Nifty Midcap index ends 0.6% higher
– Nifty Smallcap index ends 1.2% higher
– Nifty IT ends as the top sectoral gainer, up 0.75%
– Coal India ends at a six-year high as the top Nifty gainer
– 43 out of 50 Nifty constituents end with gains

Nifty Bank is in the green for the last three days, up 0.4% today. The index has been in the green for seven out of the last eight trade sessions.

HDFC Bank, ICICI Bank, Kotak Mahindra Bank, SBI, Au Small Fnance Bank, are the top contributors towards the index’s upside.

Barring Federal Bank and Axis Bank, all stocks are in the green.

Shares of PFC are in the green for the fifth day today, up 3.1%.

The stock has gained for seven trade sessions out of the last eight trade sessions.

The stock has gained 148.2% this year, so far.

Shares of Welspun Corp are in the green for the last five trade sessions. Today, it is up 8.4%. The stock has also gained for 12 out of the last 13 trade sessions.

The stock has gained 123% this year, so far.

Infosys is the top Nifty IT gainer, up 1.45%.

The index itself is up 0.77%, with all stocks in the index in the green.

The stock has gained 10.4% in the last six months.

It is also the top contributor towards Nifty 50’s upside, contributing 17.4 points.

Shares of MCX are in the green for the second day today, up 3.1%.

The stock has gained 84% this year, so far.

HDFC Bank, Infosys, Reliance, ICICI Bank, TCS are the top contributors towards Nifty 50’s upside.

HDFC Bank is contributing 16.7 points, Infosys 15.8 points, Reliance is contributing 12.8 points, ICICI Bank and TCS are contributing 6.2 and 5.7 points, respectively.

The Nifty Realty index is the top gainer among sectoral indices, up 0.9%.

All 10 stocks in the index are in the green. Swan Energy, Mahindra Lifespace, Sobha, Godrej Properties, and DLF are the top gainers in the index, trading 0.8 to 6.56% higher.

Shares of Medanta are trading nearly 5.8% higher. The stock is up for the fourth day today.

The stock has gained 108.2% this year, so far.

Shares of BSE Ltd are in the green for the second day today, up over 5%. The stock has gained for six out of the last seven trade sessions.

The stock has gained 208.3% this year, so far.

Veteran investor and member of the Bombay Stock Exchange Ramesh Damani believes that while the next 1,000 – 2,000 points on the index are difficult to predict, the next 20% on the index is surely on the higher side and not lower.

“What I have learnt over the last 30 years is to remain invested in high quality businesses and not worry about the volatility that happens. That is a part of the market,” Damani told CNBC-TV18 in an exclusive interaction on the occassion of the Muhurat Trading session for Samvat 2080.

Read more here

Shares of KPIT Technologies are in the green for the second day today. The top Nifty Midcap gainer is up nearly 3%.

The stock has gained 102.3% this year, so far.