Diwali: Top Gainers And Losers Of Muhurat Trading 2023; Infosys, Wipro, Tata Stocks Major Movers

The muhurat trading 2023 was a banger with impressive upside across indices. The benchmark Nifty 50 crossed over 19,500 levels, while Sensex zoomed over 350 points. Smallcap stocks were star performers, while significant buying was seen in realty, auto, consumer durables, metal, power, and IT stocks. Heavyweight stocks like Reliance, HDFC Bank, ITC, HUL, Infosys, and TCS also lifted the broader market. Tata stocks also saw some notable buying.

After muhurat trading hours, Sensex closed at 65,259.45, up by 354.77 points or 0.55%, while Nifty 50 jumped 100.20 points or 0.52% to settle at 19,525.55. Bank Nifty gained by 176.55 points or 0.40% to end at 43,996.65.

Sensex

Gainers:

Infosys (+1.41%), Wipro (+0.9%), Asian Paints (+0.8%), TCS (+0.77%), and NTPC (+0.74%).

Losers:

Sun Pharma and Ultratech Cement marginally down.

Of the total 30-scrips on Sensex, 27 stocks advanced while 3 stocks declined.

Nifty 50

Gainers:

Coal India (+2.80%), UPL (+1.5%), Infosys (+1.47%), Eicher Motors (+0.98%), and Wipro (+0.98%).

Losers:

Britannia, Sun Pharma, Apollo Hospital, Bajaj Finserv and LTI Mindtree were marginally down.

Of the total 50 scrips on the benchmark, 43 advanced, and 7 stocks declined.

BSE

Gainers:

Welspun Corp (+8.44%), Caplin Point Laboratories (+8.17%), Share India (+7.18%), Cressanda Solutions (+7.17%), and Inox Wind (+7.05%).

Losers:

Tamil Nadu Newsprint & Papers (-6.99%), TGV Sraac (-5.20%), PTC Industries (5%), ESAB India (-4.60%), and Galaxy Surfactants (-3%).

NSE

Gainers:

PIX Transmissions (+20% upper circuit), DPSC (+20% upper circuit), Windsor Machines (+18.91%), Palash Securities (+17.09%), and Antony Waste Handling Cell (+14.63%).

Losers:

Cambridge Technology (-7.43%), TNPL (-7.26%), RKEC Projects (-7.04%), Manaksia Aluminium (-6.42%), and Sastasundar Ventures (-6.08%).

On the muhurat trading performance, Prashanth Tapse, Senior VP Research Analyst at Mehta Equities said, "As we bid farewell to Samvat 2079, the horizon of Samvat 2080 looks promising. Wishing you a joyous Deepavali and prosperous times ahead. With Nifty at 19425 and Sensex at 64905, anticipation builds for an electrifying start, especially in today's special Muhurat trading session at 6.00 PM. Our 'Diwali Picks 2023' features 12 stocks with balanced investment potential, including names like HDFC Bank, L&T, Tata Motors, Indigo, Tata Power, ABFRL, Crompton Greaves Consumer Electricals, Usha Martin, Doodla Dairy, Ashoka Buildcon, LG Bal Bros, and Imagica."

Further, Tapse said, "We recommend accumulating these value picks with strong fundamentals for potential growth. The market optimism is fueled by factors such as the Federal Reserve's efforts for a "soft landing," robust GST numbers, active retail participation, easing Middle East hostilities, and declining WTI oil prices. Here's to Happy Investing and a Joyous Deepavali."

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.