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Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
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Summary

Diwali Muhurat Trading Highlights: Indian equity benchmarks NSE Nifty and BSE Sensex jumped around one percent in a special, one-hour-long Muhurat trading session on October 24 to mark the occasion of Diwali 2022. Buying across sectors pushed the headline indices higher, with financial, IT, auto and metal shares being the top contributors. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finished 0.5 percent and 0.9 percent higher respectively. 

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Thank you, readers! That's all from CNBCTV18.com's live market coverage of the special Muhurat trading session to mark the occasion of Diwali on October 24, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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Oct 24, 2022 8:09 PM

47 Nifty stocks finish higher

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 8:08 PM

Here's how some of the blue-chip stocks fared after July-September results

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 8:03 PM

Investors wealthier by Rs 2 lakh crore on Diwali as Dalal Street enters Samvat 2079

Investors grow richer by Rs 2.1 lakh crore as the market capitalisation of BSE-listed companies increases to Rs 276.5 lakh crore from Rs 274.4 lakh crore on Friday, according to provisional exchange data. (Read more)

Oct 24, 2022 7:59 PM

Nifty FMCG edges 0.1% lower — the only laggard among NSE's sectoral gauges

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 7:46 PM

Market At Close | Sensex and Nifty50 hit one-month closing highs

Here are some highlights: 

--Financial stocks lift market on strong earnings — ICICI Bank and HDFC Bank top contributors

--ICICI Bank top Nifty gainer and HUL top loser after Q2 earnings

--Reliance rises post July-September results and financial services undertaking demerger

--Nestle continues to gain momentum to hit record high

--RBL Bank shares fall sharply after lender's earnings miss Street estimates

--MCX, USL and IDFC First Bank see healthy gains after results

--Market breadth firmly favours the bulls — advance-decline ratio at 4:1

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 7:29 PM

Muhurat Trading LIVE | Atul Suri believes market not very far from lifetime highs

Market veteran Atul Suri tells CNBC-TV18 that the market, in his view, is "not very far" from lifetime highs. He thinks the market is unlikely to crash from the current levels. 

The themes in the last rally are more domestic than global, he adds. 

Oct 24, 2022 7:19 PM

Nestle, HDFC, ICICI Bank and L&T top Nifty gainers

Barring HUL, Adani Enterprises, Kotak Mahindra Bank and HDFC Life, all of the Nifty50's constituents hold on to the green 10 minutes before the closing bell. 

Nestle, the HDFC twins, ICICI Bank, Larsen & Toubro, SBI, Tata Consumer, Divi's, NTPC and Grasim are the top gainers, rising around 1-3 percent each.

The four laggards are down between 0.2 percent and 2.9 percent. 

Oct 24, 2022 7:07 PM

Good start for the UK with Rishi Sunak as PM: Samir Arora

Market veteran Samir Arora says in an interaction with CNBC-TV18 that it is a good start for the United Kingdom with Rishi Sunak as Prime Minister.

Sunak became the PM of the UK following the withdrawal of Penny Mordaunt, the sole other candidate in the UK PM race. As the UK's first Indian-origin PM, Sunak will be entrusted with the task of restoring stability to a country reeling from years of political and economic turbulence. (Read more on Rishi Sunak)

Oct 24, 2022 7:02 PM

Muhurat Trading LIVE | Samir Arora says it is India's time because of frustration in China

Veteran fund manager Samir Arora tells CNBC-TV18 that in his view, the market don't like the Xi style, and it is India's time right now because of the frustration in China. 

He believes investors should focus on stocks less impacted by external factors. He feels it is not a good time for IT services. (Read more)

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 6:56 PM

Muhurat Trading LIVE | Ramesh Damani says best time to invest was yesterday, next best time is today 

The market expert will stick to equities fully, and not buy gold, he tells CNBC-TV18. 

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 6:39 PM

Optimistic about next year: Ramesh Damani

Market vetaran and BSE Member Ramesh Damani is optimistic about the next year. In an interaction with CNBC-TV18, he says railway-focused stocks are attractively priced. Investors should consider studying RailTel, RVNL and RITES, he says. 

He also believes that banking stocks are likely to make some money for investors.

Damani expects the market to scale new highs in the next few quarters. 

Oct 24, 2022 6:34 PM

All sectors in the green — PSU banking stocks jump

Diwali Muhurat Trading Highlights: Sensex ends 525 pts higher and Nifty50 crosses 17,700 led by financial and IT shares
Oct 24, 2022 6:30 PM

Sensex surges nearly 700 pts and Nifty50 crosses 17,750 aided by across-the-board buying

The Sensex jumps as much as 687.1 points or 1.2 percent to 59,994.3 and the Nifty50 climbs to as high as 17,777.6, up 201.3 points from its previous close. 

Oct 24, 2022 6:27 PM

Pre-Open Market | Sensex up nearly 500 pts 

In the pre-opening session, the Sensex is up 496.9 points or 0.8 percent at 59,804.

Oct 24, 2022 6:13 PM