Muhurat Trading 2024 Live: Sensex and Nifty Ready for Special Session to Mark Samvat 2081

The Indian stock markets are gearing up for Diwali Muhurat Trading 2024, heralding the start of Samvat 2081—a new financial year according to the Hindu calendar. Kicking off at 6:00 PM today, this special one-hour trading session symbolises fresh beginnings as traders, investors, and brokers make their strategic selections for a prosperous start. Muhurat Trading is a festive tradition that attracts participation from both institutional and retail investors.

Throughout Samvat 2080, the markets demonstrated resilience and impressive gains, with the Nifty climbing 25% and the Sensex increasing by 23%. Broader indices, such as BSE Midcap and BSE Smallcap, soared by up to 47%. This robust performance has raised expectations for Samvat 2081, with many optimistic about continued growth.

The session began at 5:30 PM with a block deal, followed by a short pre-open period before the main trading starts. Given the one-hour timeframe, high volatility is anticipated, and strategic investors will be closely monitoring key sector movements.

Live Updates:

• Maruti Suzuki reported a 3.6% increase in total sales, reaching 2.06 lakh units compared to 1.99 lakh units year-on-year.
• MOIL has reduced the price of ore in response to falling manganese prices.
• Goblin India plans to raise ₹25 crore through a further public offering.
• NBCC has secured multiple contracts totalling ₹235 crores from Power Grid, MGKVP, and SSVV Varanasi.
• Niva Bupa Health Insurance is set to launch its ₹2,200-crore IPO on November 7.
• Eicher Motors (Royal Enfield) saw a 31% rise in sales, with 1.10 lakh units sold in October, up from 84,435 units year-on-year.
• October auto sales figures are coming in, with Escorts Kubota benefiting from festive demand.
• Gold, EMS, and Power Utilities are among the themes to consider for investments in Samvat 2081.
• The Nifty 50's latest additions, Trent and BEL, captured significant attention, while Nestle India and Bajaj Auto underperformed.
• Oil prices rose by 2% following reports of Iran preparing to strike Israel.
• Oil marketing companies have increased jet fuel prices by 3%.
• GST collections reached a six-month high of ₹1.87 lakh crore in October, reflecting an 8.9% year-on-year increase.
• The Sensex fell by 553 points, while the Nifty hovered around 24,200.