In the Nifty500 pack, we have collated a list of three stocks that witnessed a 5-year swing high at the close on October 31, suggesting bullishness in counters, according to stockedge.com’s technical scan data.
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Diwali Muhurat Trading: BEL, Fortis among 5 picks to buy during the special session (01-11-2024)
During the special Muhurat trading session, investors can buy and sell stocks just like on any regular trading day.
Positive Breakout: These 3 Nifty stocks’ closing price cross above their 200 DMA (01-11-2024)
On October 31, three stocks in the Nifty50 index closed above their 200-day moving averages, as reported by stockedge.com’s technical scan data.
Muhurat Trading Day: Sensex closed positive 8 of 10 times on this day (01-11-2024)
Muhurat trading during Diwali is seen as a symbol of new beginnings and prosperity. Investors believe that trades made during this time will bring good returns. The Sensex has shown positive growth, and experts predict continued growth amidst market volatility. Nifty is expected to aim for 28,400 by Diwali 2025 despite moderating corporate earnings.
Corrections offer fresh opportunities for re-entry in stocks: Aamar Deo Singh, Angel One (01-11-2024)
Corrections in the stock market present new opportunities for re-entry. Investors will closely monitor earnings growth amid concerns. Although domestic demand has slowed, the festive season may boost it. Factors such as the US elections, Federal Reserve policies, RBI’s actions, and geopolitical tensions will impact markets. PSU stocks and capex plays show potential despite recent corrections.
Large part of correction in PSU stocks over: Dimplekumar Shah, JM Financial (01-11-2024)
Indian stock market outlook for the next year depends on earnings growth, new and repeat orders. Key sectors expected to perform well are Private Financials, Metals, Capital Goods, Specialty Chemicals, Healthcare, and Large cap IT. Domestic demand is showing signs of slowing but may recover due to festive season, weddings, and potential RBI rate cuts.
ETMarkets Smart Talk: $9 bn selloff in October by FIIs; smart money moving to China: Hemant Kanawala (01-11-2024)
Foreign Institutional Investors (FII) sold over $9 billion in equities in October, increasing exposure to China after policy changes. The market is expected to consolidate due to high valuations and reduced economic momentum in India. Economic and geopolitical factors are crucial in shaping market trends.
Diwali Muhurat Trading: Know timings of pre-open, block deal and normal market session (01-11-2024)
On Friday, the exchanges will hold a special Muhurat trading session from 6:00 pm to 7:00 pm to mark Diwali and the beginning of Samvat 2081. This session is significant for its cultural and financial symbolism, believed to bring prosperity and growth through investment during this auspicious time.
Fund Manager Talk | Aditya Khemka picks 4 sectors that are likely to outperform in Samvat 2081 (01-11-2024)
“Over the next 12 months, we expect Nifty to report low double-digit earnings growth YoY, however, we do not expect PE multiple for Nifty to expand in that time frame. Nifty is still trading at a 10% premium to historical trailing PE multiple average post recent correction. Whereas Nifty companies are still not reporting earnings growth in line with a historical average of 15%,” says Aditya Khemka.
Muhurat trading: NCC, PCBL among 10 smallcap stocks that could deliver 40% returns by next Diwali (01-11-2024)
Indian stock markets are set to open for Muhurat Trading today during the Diwali holiday, marking the start of Samvat 2081. Despite strong past performance, experts advise caution for the coming year. Top brokerages have identified promising small-cap stocks for potential high returns. These recommendations offer varied opportunities for investors.