MUHURAT TRADING WRAP: Sensex gains 192 pts; Tata Motors surges 16%
In the broader market, small-caps outpeformed the benchmark in the trade. The S&P BSE small-cap index closed 1.2 per cent higher at 13,310 level
 "Muhurat trading, Samvat 2073")
Markets started Samvat 2076 on a strong footing. The benchmark S&P BSE Sensex closed 192 points, or 0.49 per cent higher, at 39,250 levels. About 11 of 30 stocks listed on the index settled in the red. Tata Motors closed over 16 per cent higher as the compny posted a narrowed loss in Q2FY20. Marut Suzuki, on the other hand, settled 0.7 per cent lower as the top loser.
Shares of Tata Motors rallied 18 per cent intra-day to Rs 148 on the BSE in Muhurat trading Sunday, after the company reported a better-than-expected EBITDA (earnings before interest, tax, depreciation and amortization) margin at 10.9%, up 157bps year-on-year (YoY) and 607bps quarter on quarter (QoQ) in September quarter of financial year 2019-20 (Q2FY20). The stock eventually settled 16.5 per cent higher at Rs 147.95 per share. READ MORE
On NSE, the broader Nifty50 index clsoed 43 points, or 0.37 per cent, higher at 11,627-mark. Nifty Bank closed 120 pointd. or 0.4 per cent higher. In the broader market, small-caps outpeformed the benchmark in the trade. The S&P BSE small-cap index closed 1.2 per cent higher at 13,310 level. The S&P BSE mid-cap index, too, settled 0.7 per cent higher at 14,441-mark.
Market breadth remained in favour of advances on the BSE. Out of the total listed entities,1,650 comanies advanced, 516 declined and 136 remained unchanged. About 214 companies hit their upper circuit.
MARKET HOLIDAY
Markets will remain closed on Monday on account of Diwali-Balipratipada.
BUZZING STOCKS
Shares of ICICI Bank hit a new high of Rs 473, up 1 per cent on the BSE on Sunday after the bank reported healthy operational performance driven by net interest income (NII), which grew 26 per cent at Rs 8,057 crore on year-on-year (YoY) basis in September quarter (Q2FY20). The bank’s net interest margin (NIM) improved to 3.64 per cent in Q2FY20 from 3.33 per cent a year ago. The stock closed flat at Rs 469 per share. READ MORE
Shares of Tata Motors rallied 18 per cent intra-day to Rs 148 on the BSE in Muhurat trading Sunday, after the company reported a better-than-expected EBITDA (earnings before interest, tax, depreciation and amortization) margin at 10.9%, up 157bps year-on-year (YoY) and 607bps quarter on quarter (QoQ) in September quarter of financial year 2019-20 (Q2FY20). The stock eventually settled 16.5 per cent higher at Rs 147.95 per share. READ MORE
On NSE, the broader Nifty50 index clsoed 43 points, or 0.37 per cent, higher at 11,627-mark. Nifty Bank closed 120 pointd. or 0.4 per cent higher. In the broader market, small-caps outpeformed the benchmark in the trade. The S&P BSE small-cap index closed 1.2 per cent higher at 13,310 level. The S&P BSE mid-cap index, too, settled 0.7 per cent higher at 14,441-mark.
Market breadth remained in favour of advances on the BSE. Out of the total listed entities,1,650 comanies advanced, 516 declined and 136 remained unchanged. About 214 companies hit their upper circuit.
MARKET HOLIDAY
Markets will remain closed on Monday on account of Diwali-Balipratipada.
BUZZING STOCKS
Shares of ICICI Bank hit a new high of Rs 473, up 1 per cent on the BSE on Sunday after the bank reported healthy operational performance driven by net interest income (NII), which grew 26 per cent at Rs 8,057 crore on year-on-year (YoY) basis in September quarter (Q2FY20). The bank’s net interest margin (NIM) improved to 3.64 per cent in Q2FY20 from 3.33 per cent a year ago. The stock closed flat at Rs 469 per share. READ MORE
7:42 PM
MARKET COMMENT :: Dhiraj Relli, MD & CEO, HDFC Securities
Markets continued the recent positive trend in muhurat trade. There is a visible turnaround in sentiments and one hopes that we may witness a broader up move in the markets soon
7:41 PM
MARKET COMMENT :: Motilal Oswal, MD & CEO, Motilal Oswal Financial Services
I am optimistic about the medium to long term perspective. I see tremendous interest amongst the foreign investors. Brand India is at it all time high. Government is also proactively addressing many basic issues. After the Big Bang corporate tax cut, I am hopeful that there will be individual income tax rate cut and see many more reforms on the way
7:40 PM
Markets to remain closed on Monday
Markets will remain closed on Monday, October 28 on account of Diwali-Balipratipada
7:39 PM
Nifty snapshot
7:38 PM
Market at close
7:38 PM
Sensex heat map
7:37 PM
Market at close
7:13 PM
Samvat 2076 will be an opportunity for investors to find hidden gems
Whenever we go back in history to identify defining moments, we normally tend to ignore the immediate consequences of such events and focus only on the long-term impact of the same. However, when you are in the midst of the aftermath, you are bound to get overwhelmed and affected. In addition to demonetisation and the impact of good and services tax (GST), the recent defining moment was the fall of the infallible IL&FS and the resulting trust deficit that engulfed the financial markets, leading to disastrous consequences. READ MORE
7:09 PM
TECHNICAL TRENDS :: 10 stocks to buy in Muhurat trading for Samvat 2076
Kansai Nerolac Paints Ltd (KANSAINER): This counter has passed the resistance of Rs 545 – a level it has been struggling to cross since the past one year. On a bigger scale, Kansai Nerolac is showing stability above Rs 500 levels. The positive trend should take this counter to Rs 600 levels. The support comes in around Rs 510 READ MORE HERE
7:08 PM
Cement stocks gain during Muhurat Trading
| COMPANY NAME | LATEST | HIGH | LOW |
CHG (rs) | CHG(%) |
VALUE (rs CR) | VOLUME |
|---|---|---|---|---|---|---|---|
| SH. DIGVIJAY CEM | 21.15 | 21.50 | 20.00 | 1.75 | 9.02 | 0.95 | 447172 |
| SHIVA CEMENT | 9.69 | 10.30 | 9.55 | -0.02 | -0.21 | 0.14 | 145183 |
| UDAIPUR CEMENT | 12.50 | 12.61 | 12.20 | 0.40 | 3.31 | 0.04 | 35294 |
| INDIA CEMENTS | 82.60 | 83.45 | 81.75 | 1.10 | 1.35 | 0.28 | 34128 |
| BURNPUR CEMENT | 1.18 | 1.24 | 1.18 | -0.06 | -4.84 | 0.00 | 23507 |
| SAURASHTRA CEM. | 40.05 | 41.50 | 38.20 | 0.40 | 1.01 | 0.04 | 10676 |
7:07 PM
MARKET COMMENT :: U R Bhat of Dalton Capital
Samvat 2076 will be a tale of two halves. While things should improve back home post March 2020 as the policy measures announced by the government and the Reserve Bank of India (RBI) bear fruit, the sentiment till then should remain subdued. Global factors, especially the US – China trade tussle, monetary policy of global central banks and geopolitical issues will also play an important role. Expect Nifty50 to trade in a broad range of 10,500 to 13,000 over the next year READ MORE HERE
7:04 PM
MARKET COMMENT :: Andrew Holland of Avendus Capital
The mid- and small-cap indices corrected substantially during the year. The broader market performance has been forewarning about a big slowdown in the economy. Further, the gains made by the benchmark indices was driven by only a few stocks
Andrew Holland
7:02 PM
MARKET COMMENT :: Jyotivardhan Jaipuria of Valentis Advisors
Samvat 2076 will be a better year for investors, especially since we expect the broader markets to do better after the battering that the small- and mid-cap stocks have seen over the past year READ MORE
Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors
6:59 PM
IRCTC trades higher
After a steller listing earlier this month, IRCTC continues to gain ground
6:57 PM
Can Fin Homes trades higher
Topics : Markets Muhurat trading Muhurat trading Diwali MARKET WRAP Markets Sensex Nifty Samvat 2076
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First Published: Oct 27 2019 | 5:04 PM IST
