NSE can bring the biggest growth to India’s financial markets with evening trading. Offering after-hour trading, professionals at work and retail investors would find it easier to trade in the evenings. In sync with the rest of the world, investors will quickly respond to any development there, which can bring more connectivity to the financial sector.
In addition, the long trading hours would increase the market liquidity in India’s financial sector. This would bring more foreign investments to the nation, placing India at the forefront in the world economic system.
Muhurat Trading Resonates with Optimism in the Indian Markets, The Nifty 50 Index Goes Up
India, as it officially opened its stock exchanges following a long halt towards the end of the session, also observed heightened positive sentiments within the short window of one hour of trading, which was dedicated to special Muhurat Trading events in relation to the commencement of the new financial year as per Hindu traditions. Nifty 50 indices registered positive opening and closing and naturally wished for better times during the year.
Top Gainers in Muhurat Session:
1. Mahindra & Mahindra: Notices ascending on forays that are mainly involved in manufacturing and marketing of automobiles, Mahindra & Mahindra enjoyed an impressive gain of 3.5% at the last traded price (LTP) of ₹2,826.4. The company was founded in 1945 and is based in Mumbai: M&M deals in varieties of automotive based products including in large farms operating in various economic sectors. With an employee base of 260,000+ across the globe, the company was valued at ₹1.22 lakh crore in revenue for the year 2023, proving its prowess in the automobile sector.
2. ONGC: Oil and Natural Gas Corporation (ONGC), the oil and gas behemoth, scored a mere 2.9% up raise, with the last traded price being ₹274. ONGC, the corporations India’s capital in New Delhi, and its investments rose 43% a year in the past twelve months. Also, garnering plenty of revenues amounting to ₹6.93 lakh crore in the year 2023, ONGC affirms its place in the Indian energy market as one of its flag bearers.
3. Adani Ports: Finally, in the list of rising stocks, Adani ports rose by 1.3% to carry an LTP of ₹1,394. Ports and logistics infrastructure development is what Adani Ports is known for and that is why still plays a vital role in India’s infrastructure development and logistics.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
November 2nd is All Souls Day!
As stated in Bhagavad Gita :
परित्राणाय साधूनां विनाशाय च दुष्कृताम्।
धर्मसंस्थापनार्थाय सम्भवामि युगे युगे।
I appear in this world age after age to protect the righteous, to annihilate the wicked, and to reestablish the principles of dharma.
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This Diwali, Inbam Foundation spread light and joy by donating essentials to those in need. Their generous act reminds us that true celebration lies in sharing kindness and hope with the less fortunate.