Muhurat Trading 2023: Sensex gains 355 pts on 1st session of Samvat 2080

Muhurat Trading on Diwali, November 12, 2023: Sensex, Nifty clock their second-best Muhurat trading gains in five years. Besides, it was their third-best Muhurat trading gain in 15 years

SI Reporter New Delhi

Muhurat Trading 2023: Sensex up 355 pts on 1st session of Samvat 2080

6:23 PM

Nifty Winners: Coal India surges 3%

6:20 PM

Heatmap: All Sensex stocks kick off Samvat 2080 higher

6:18 PM

Opening Bell: Nifty above 19,500

6:16 PM

Opening Bell: Sensex opens over 300 pts

6:16 PM

ALERT: Markets enter Samvat 2080

6:14 PM

Muhurat Trading :: NSE MD-CEO wishes investors on Diwali 2023

6:10 PM

Pre-Open: Sensex off to strong Muhurat trading

6:09 PM

Pre-open: Nifty settles at 19,550

6:03 PM

Pre-Open first tick: Nifty jumps nearly 200 points

6:02 PM

Pre-Open first tick: Sensex sees sharp gains of 600 pts

6:01 PM

Muhurat Trading Picks :: Stock picks Sharekhan, Nirmal Bang

Archean Chemical Industries

Reco Price: Rs 550

Target: Rs 767

Upside Potential: 39%

During H1FY24, global headwinds in chemical industry led to downward pricing pressure on bromine. However, demand remained strong and many customers liquidated large part of their inventory. Thus, one can expect a good quarter with demand revival in the medium-term. Archean has delivered revenue growth of 39.5 per cent CAGR (Compound Annual Growth Rate) and improved EBITDA margin from 35 per cent in FY21 to 44 per cent in FY23. EBITDA margin guidance remained in the range of 37 per cent – 42 per cent in the medium-term. READ MORE

5:58 PM

Muhurat Trading Picks :: JM Financial, HDFC Securities

Titan

Reco Price: Rs 3,116

Target: Rs 3,650

With the company aggressively ramping up its network and with regulatory tailwinds, Titan is expected to continue to gain market share in its key jewellery business. Ahead of strong festive and auspicious marriage season, JM Financial expects strong earnings momentum likely in upcoming 2nd Half of this FY. READ MORE