On the occasion of Diwali, there is a boom in the stock market today (November 1) during Muhurta trading. Sensex is trading at the level of 79,889 with a rise of 500 points. At the same time, Nifty is also up by more than 150 points and is trading at the level of 24,355.
All 30 Sensex stocks are rising. At the same time, out of 50 Nifty stocks, 48 are rising and 2 are declining. There is a tradition of Muhurat trading in the Indian stock market on the occasion of Diwali. In such a situation, the market is open for Muhurta trading today from 6:00 pm to 7:00 pm.
Growth in all sectors of NSE
Growth is being seen in all sectors of NSE. The maximum increase was in Nifty Realty by 1.01% and Consumer Durables by 0.90%. Apart from this, there is a rise in Pharma, PSU Bank, Metal and Media sectors.
Stock market fell 553 points yesterday Diwali was celebrated on 31 October (Thursday) in many cities of the country. However, there was no market holiday yesterday, so trading took place in it. Sensex fell 553 points and closed at 79,389.
At the same time, Nifty also declined by 135 points, it closed at the level of 24,205. Today is Diwali holiday in the stock market, but like every time on this occasion, the market is open for 1 hour for Muhurat trading.
On normal days the market opens from 9:00 am to 3:30 pm from Monday to Friday. Pre market session takes place from 9:00 to 9:15. Then normal session till 3:30 pm.
IT sector fell the most by 3%
The maximum decline of 3% was seen in the IT sector. Bank, Auto, Financial Services, FMCG, Metal, PSU Bank, Private Bank and Realty sectors also declined. Whereas a growth of 1.82% was seen in media sector and 1.61% growth was seen in pharma sector.
Japan's Nikkei fell by 2.63% and America's Nasdaq fell by 2.76%.
- In the Asian market, Japan's Nikkei fell 2.63% (1,027 points) to 38,053, Korea's Kospi fell 0.54% to 2,542.36, while China's Shanghai Composite closed at 3,272 after falling 0.24%.
- On October 31, America's Dow Jones closed at 41,763 after falling 0.90% and the S&P 500 fell 1.86% at 5,705. At the same time, Nasdaq declined by 2.76% and closed at the level of 18,095.
- According to NSE data, foreign investors (FIIs) sold shares worth ₹22,446.79 crore on October 31. During this period, domestic investors (DIIs) bought shares worth ₹ 13,000.20 crore.
Last year the market had closed with an increase of 354 points Last year, in the Muhurta trading session, the Sensex closed at 65,259.45 with a gain of 354.77 points (0.55%). Nifty also had a rise of 100.20 points, it closed at the level of 19,525.55. If we talk about the last 5 years i.e. 2019 to 2023, the stock market has closed with gains every time. The Sensex closed with an increase of 525 points in the year 2022, 295 points in 2021, 195 points in 2020 and 192 points in 2019.
Muhurta trading tradition is about 68 years old The tradition of Muhurta trading on Diwali in the stock market is about 68 years old. According to the Hindu calendar year, Hindu Vikram Samvat year 2081 is starting from the day of Diwali this year. Throughout India this festival is considered the most auspicious time to welcome wealth, prosperity and good fortune. Similarly, a similar concept is associated with this Muhurta trading also. Stock market investors consider this day very special to start investing.
Muhurta trading is considered auspicious In Hindu customs, Muhurta is a time when the movement of planets is considered favourable. Starting any work during the auspicious time ensures its positive results. That is why on the auspicious time of Diwali, when the stock market opens for an hour, many people of Hindu religion start their investments. Most people like to buy stocks as a symbol of Goddess Lakshmi. According to beliefs, people who trade during this one hour have a better chance of earning money and achieving prosperity throughout the year.
5 things that stock market investors should keep in mind…
1. Maintain discipline Making dramatic changes to a portfolio increases risk. Such a habit can have a negative impact on long-term goals. It would be better to ignore the immediate fluctuations in the market and maintain discipline. If changes in the portfolio feel necessary then make small changes.
2. Keep tracking investments When you invest in multiple types of assets, you may not be tracking all investments regularly. In such a situation, it will be difficult to respond accurately to changing market trends. So if you are unable to track your investments, take the help of a trusted financial advisor.
3. Do not sell shares at loss Ups and downs are the nature of the stock market. Investors should not panic due to the decline in the stock market. Even if you have invested money in the stock market and have incurred loss in it, you should still avoid selling your shares at a loss, because there is hope of recovery in the market in the long term. In such a situation, if you hold your shares for a long time, your chances of loss will be reduced.
4. Diversify your portfolio Portfolio diversification is a good way to maintain stable investment value in a volatile market. Diversification means dividing investment among different assets according to risk appetite and goals. Its advantage is that if one asset (like equity) is falling, the simultaneous rise in another asset (like gold) will minimize the loss.
5. Stock basket will be right In this you create a basket of shares and invest in all these shares. That means, if you want to invest a total of Rs 25 thousand in these 5 shares, then you can invest Rs 5-5 thousand in each. This reduces the risk.
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Also read this market related news…
There was a decline in the stock market on the day of Diwali: Sensex fell by 553 points and closed at 79,389, Nifty fell by 135 points; IT shares fell the most
There was a decline in the stock market on 31st October, the day of Diwali. Sensex fell 553 points and closed at 79,389. At the same time, Nifty also declined by 135 points, it closed at the level of 24,205. Out of 30 Sensex stocks, 22 saw a decline and 8 saw a rise. Out of 50 stocks of Nifty, 34 stocks declined and 16 stocks rose. Read the full news…
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