08 Nov , 2021 By : Kanchan Joshi
Domestic equity benchmarks mustered smart gains on Thursday as investors built up fresh positions in the special Muhurat trading session to mark the beginning of the Hindu Samvat year 2078. The NSE Nifty 50 index closed 0.49% higher at 17,916.8 in Thursday's one-hour Muhurat trading session, while the benchmark S&P BSE Sensex was up 0.49% at 60,067.62.
Indian stock markets conduct a special one-hour Muhurat trading session on Diwali every year to mark the beginning of the traditional Hindu calendar year. In the Sensex kitty, prominent gainers were M&M, ITC, Bajaj Auto, L&T, Kotak Bank, Sun Pharma and Nestle India. In contrast, ICICI Bank, UltraTech Cement, Asian Paints, and Dr Reddy's closed in the red.
The equity, currency and debt markets were closed on Friday for a holiday on the occasion of 'Diwali Balipratipada'.
For Monday, SGX Nifty indicates a positive start for the Indian stock markets. Singapore Nifty (SGX Nifty) is the Indian Nifty that is traded in the Singapore Stock Exchange and is taken as to be a likely first indication of the Indian markets opening.
Stocks to buy today as recommended by analysts -
Sumeet Bagadia, Executive Director at Choice Broking
Mahindra &Mahindra: Buy M&M, Stop loss Rs850, Target Rs900-910
ITC: Buy ITC, Stop loss Rs220, Target Rs232-235
Ravi Singhal, Vice Chairman, GCL Securities Limited
Ambuja Cement: Buy Ambuja Cement at Rs412, Stop loss Rs406, Target Rs424,444
Manoj Dalmia, Founder and Director, Proficient Equities Limited
Mirza International: Buy Mirza intl at Rs71, Target Rs78, Stop loss Rs68
Ravi Singh, Head of Research & Vice President, ShareIndia
Adani Ports: Buy Adani Ports at Rs714, Target Rs725, Stop loss Rs709
Coal India: Buy Coal India at Rs169, Target Rs176, Stop loss Rs166