Muhurat Trading on Diwali 2022: On the day of the holiday, the Indian stock market is closed in the morning. However, it is open in the evening for a time. This year on Diwali, Muhurt Trading will be held from 6.15 pm to 7.15 pm at the country’s two major stock exchanges, BSE and National Stock Exchange (NSE), in honour of the introduction of Vikram Samvat 2079. On October 24, at 6 o’clock, the pre-open session will begin and terminate. Following that, business will begin at 6.15 p.m. for regular investors and run until 7.15 p.m.
Diwali morning market will be closed
On the day of Diwali, investing is regarded as being extremely lucky. On this day, the majority of major corporations or investors purchase stock. The stock market will not open on Diwali in the morning aside from Muhurta trade. That is to say, whomever has to make an investment on the Diwali day will only have till 8:00 p.m.The stock market will reopen at its regular schedule on Tuesday. In addition, because to Diwali Baliprada, there won’t be any trading on October 26, 2022 (Wednesday). Investors can access the market as usual on Thursday and Friday.
According to Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities, the markets will be driven by a supportive fixed policy, supply chain relaxation, and a normalisation of service consumption in Samvat 2079. According to him, India’s general economic indicators are encouraging, and urban demand has been growing. Demand in rural areas is improving. You can wager on the stocks listed by Kotak Securities during Muhurta trading.
Axis Bank
Axis Bank is the private sector lender that Kotak Securities has chosen for its Muhurat choices. The results for Axis Bank’s second fiscal quarter (Q2FY23) were excellent. The business’s net profit has grown by 70%. The bank’s net internet income (NII) has also climbed by 31%. The brokerage firm had set a target price of Rs 960 for the shares on October 17. The stock’s closing price on October 21 was Rs 900.5. The stock’s returns in one week, one year, three years, and five years totaled 12.84%, 11.45%, 26.9%, and 95.61%, respectively.
Infosys
In its Diwali Muhurat choices, the trading business chose Infosys, the second-largest IT company in the nation. According to the brokerage, Infosys will lead the charge in advancing clients’ digital journeys. The ability to plan and win integrated/complex transformation transactions, low exposure to legacy services, and strong digital credibility are all positives that will provide Infosys the potential to propel industry-leading growth. The brokerage has given a share price target of Rs. 1750.
Diwali morning market will be closed
On the day of Diwali, investing is regarded as being extremely lucky. On this day, the majority of major corporations or investors purchase stock. The stock market will not open on Diwali in the morning aside from Muhurta trade. That is to say, whomever has to make an investment on the Diwali day will only have till 8:00 p.m.The stock market will reopen at its regular schedule on Tuesday. In addition, because to Diwali Baliprada, there won’t be any trading on October 26, 2022 (Wednesday). Investors can access the market as usual on Thursday and Friday.
According to Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities, the markets will be driven by a supportive fixed policy, supply chain relaxation, and a normalisation of service consumption in Samvat 2079. According to him, India’s general economic indicators are encouraging, and urban demand has been growing. Demand in rural areas is improving. You can wager on the stocks listed by Kotak Securities during Muhurta trading.
Axis Bank
Axis Bank is the private sector lender that Kotak Securities has chosen for its Muhurat choices. The results for Axis Bank’s second fiscal quarter (Q2FY23) were excellent. The business’s net profit has grown by 70%. The bank’s net internet income (NII) has also climbed by 31%. The brokerage firm had set a target price of Rs 960 for the shares on October 17. The stock’s closing price on October 21 was Rs 900.5. The stock’s returns in one week, one year, three years, and five years totaled 12.84%, 11.45%, 26.9%, and 95.61%, respectively.
Infosys
In its Diwali Muhurat choices, the trading business chose Infosys, the second-largest IT company in the nation. According to the brokerage, Infosys will lead the charge in advancing clients’ digital journeys. The ability to plan and win integrated/complex transformation transactions, low exposure to legacy services, and strong digital credibility are all positives that will provide Infosys the potential to propel industry-leading growth. The brokerage has given a share price target of Rs. 1750.
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