img

The Indian stock market has started a new Samvat. On the first day of Samvat 2081, the market closed with a gain of about 1% on the day of Muhurat trading. In this way, the Indian stock market has made an auspicious start. On November 1, the day of Muhurat trading, the Sensex jumped 335 points and closed at 79,724. Nifty closed at 24,300 with a gain of 94 points after 1 hour of special trading on this day.

Nifty Bank closed at 51,673 with a gain of 197 points. Nifty Midcap index closed at 56,489 with a gain of 376 points.

How was the market movement?
After the release of October sales data, auto stocks closed with gains. M&M topped the list of Nifty's fastest stocks. Auto sales figures have been strong in October. ONGC, Adani Ports, BEL, Tata Motors and Titan topped the list of Nifty's fastest stocks. At the same time, Dr Reddy's Labs, HCL Technologies, Britannia Industries, Tech Mahindra and Adani Enterprises topped the list of Nifty's weakest stocks.

The market opened with gains
Earlier, on the day of Muhurat trading, the market also started on a positive note. The broader market also saw gains. On the day of Muhurat trading, Nifty opened at 24293.45. Nifty Bank opened at 51,553.9. Also, Sensex also opened at 79,727.66 on this day.

What is Ramesh Damani's advice?
Veteran investor and BSE member, Ramesh Damani, in a special conversation with CNBC-Awaaz, said that there is a need to focus on themes related to public infrastructure. He said that this was an important theme for the next 3 to 4 years. Apart from this, he will keep an eye on DPI and pharmaceuticals.

In Samvat 2080, the Indian market has shown strong ups and downs many times. During this period, Nifty has shown a tremendous rise of 25% and Sensex has shown a tremendous rise of 23%. Talking about the broader market, BE Midcap and BSE Smallcap index have also shown a rise of up to 47%. This rise in the market has also raised hopes for the new Samvat.

--Advertisement--