Sensex up by 499 pts in muhurat trading

After a huge loss in indian stock market it took a break to celebrate Diwali on Tuesday(oct28). The stock market stepped into the new year on a positive note, with the Sensex trading its highest Muhurat-day gain of 499 points.Tuesday’s 499-point spurt, in fact, was the biggest Muhurat day gain recorded by the Sensex. The index had fallen 151 points at the beginning of Samvat 2064 on November 9, 2007. While brokerage houses have started buying, some support came from domestic institutional investors,FII's not participated actively according to market sources.

Firm Asian markets and Dow futures may have boosted the Indian indices, but the undertone remained extremely cautious on the day that marked the beginning of the trading year for the Gujarati community, Samvat 2065.Indian stock market is depends on how the US market behaves over the next few days. On Tuesday, the Dow opened in the green. Elsewhere in Asia, key markets rebounded smartly, with the Hong Kong’s Hang Seng climbing 15%, because of the two-day US Fed meeting starting Tuesday. The US banking regulator is expected to cut rates.

Singapore’s Straits Times, South Korea’s Kospi and China’s Shanghai Composite rose between 2% and 6%.

Among the Muhurat day favourites were beaten down realty and metal stocks. The BSE Realty index shot up nearly 10%, followed by metal, power and capital goods indices, which jumped 7% each on Tuesday.
M & M led the pack of biggest Sensex gainers, with a 13% spurt, followed by Jaiprakash Associates (up 11.5%), Hindalco (up 11.2%) and Tata Motors (up 10.8%). Buoyed by smart gains in global markets, the Sensex opened on a bullish note with a gap of 450 points and rose to an intra-day high of 9,057, before ending at 9,008, with a gain of 499 points, or 5.9%.

9 comments:

sharetips said...

Dear Visitors,
Now we have seen that Nifty has already cracked down alot due to recession fear. Reality sector was the worst affected in this fall. Stocks like WWIL, Unitech etc has fallen quite drastically. Investors are loosing confidence in the market. Maximum stocks are trading atleast 30% down from there 52 week high in Indian stock market .

Now one can think of buying stocks for Long term.

Few best stocks to be picked are:-

1. Relaince
2. Suzlon
3. Sesagoa
4. LT

Just grab these stocks at every dip and stay invested for atleast 3 months and see the appreciation yourself.

Regards
SHARETIPSINFO TEAM




For any doubt please feel free to ask us.


Thanks

Regards

SHARETIPSINFO TEAM

sharetips said...

Dear Visitors,
Now we have seen that Nifty has already cracked down alot due to recession fear. Reality sector was the worst affected in this fall. Stocks like WWIL, Unitech etc has fallen quite drastically. Investors are loosing confidence in the market. Maximum stocks are trading atleast 30% down from there 52 week high in Indian stock market .

Now one can think of buying stocks for Long term.

Few best stocks to be picked are:-

1. Relaince
2. Suzlon
3. Sesagoa
4. LT

Just grab these stocks at every dip and stay invested for atleast 3 months and see the appreciation yourself.



For any doubt please feel free to ask us.


Thanks

Regards

www.ShareTipsInfo.com Team

Call at:-

+91-9891655316
+91-9899056796
+91-9891890425

On Yahoo Messenger: ShareTipsInfo or ShareTipsInfo_1

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nilishri said...

nice blog
congratulations
Its good sign for indian market on sensex up by nearly 500 pts. on muhurat trading

KnowYourProfit said...

This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post
Informative content on this useful blog created by webmaster.


Now as such we have seen in past few trading sessions that Market has become volatile and also there were also most of the stocks are available in discounts which means that the right time has come whne one can invest in this Indian Stock Market with handsome gain in over a period of time along with that one can also opt for doing Intrading Trading now days as stock specific movement is there.

Quieries are welcomed at:

Happy Deepwali and Happy Trading as well

KnowYourProfit
+91-9871142419

Anonymous said...

Hi,

Once again after crash Nifty has started going up. Now we suggest all rises should be used as an opportunity to exit old long positions.
This bull run will continue for few more days. Overall market is in bearish mood as in medium term its just a small rally due to short covering
and result season.


Happy Trading,

ShareGyan

Anonymous said...

hello.i want some tips regarding muhurat trading(09).u can mail me to my e-mail umasankarsahoo@gmail.com



thanx

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