Closing Bell- Muhurat Trade kickstarts Samvat 2080 on a firm note; Markets end strong, Nifty above 19,500 and Sensex closes with over 350 points gain, Nifty Small-cap Index hits new 52-week high
Diwali Muhurat trading Highlights: The benchmark equity indices NSE Nifty 50 and BSE Sensex closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45. The Bank nifty index closed 176.55 points or 0.40% up at Rs 43,996. 55. The Nifty Small-cap index jumped more than 1% hits its 52-week high. The broader indices ended largely in positive territory, with gain led by Midcap and Smallcap stocks. Metal and IT stocks gained the most among the other sectoral indices. Coal India, UPL, Infosys, Eicher Motors and Wipro were the top gainers while the laggards included Britannia Industries, Sun Pharma, Apo…
Lessons from Makar Sankranti and Uttaryan for Financial Freedom
By Kirang Gandhi
Makar Sankranti and Uttarayan, two pivotal festivals in the Indian calendar, symbolize new beginnings and the transition from darkness to light. Celebrated with kite flying, these festivals teach us about direction, control, and the importance of soaring high. But beyond the cultural and spiritual significance, these festivals offer valuable lessons in financial freedom and personal finance management. These festivals signify new beginnings, the triumph of good over evil, and the importance of perseverance and optimism.
The significance of kite flying
Kite flying during Uttarayan is not just a sport but a metaphor for life and financial freedom. The way a kite soars high in the sky, facing winds and adversities, mir…
Kotak Securities’ stock recommendations for the day
By Shrikant Chouhan
On Tuesday, the benchmark indices bounced back sharply, the Nifty ended 86 points higher while the Sensex was up by 261 points. Among Sectors, almost all the major sectoral indices witnessed buying interest at lower levels. Technically, after a gap up opening the market hovered between 19,775 to 19,850 levels. However, the short-term texture of the market is still in to the positive side. We are of the view that, as long as the index is trading above 19750 the uptrend formation is likely to continue. Above the same, the index could continue the rally till 19,900-19,935. On the flip side, below 19,750 uptrend would be vulnerable. Below the same, the sentiment could change. Below 19,750, the market could slip till 19,700-1…