Muhurat trading points to bull market as Sensex surges 850 points
05 Nov 2021
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Sensex surged 850 points to 60,638 on Thursday during the Muhurat trading session, while Nifty climbed 105.85 points to 17,935, reflecting a bullish trend in the markets - both domestic and overseas.
The Nifty 50 Futures index was trading 0.41 per cent higher at 5:55 pm.
Sensex ended the session 295.70 points higher or 0.49% at 60,067.62, while the Nifty added 91.80 points or 0.51 per cent at 17,921. About 2,535 shares have advanced, 514 shares declined, and 146 shares remained unchanged.
Among the sectors, the auto and PSU Bank indices added over a per cent each while the midcap and smallcap indices were up 0.5-1 per cent each.
Experts have advised investors to buy value-based stocks, to avail good long-term returns, during the window session.
With the market remaining volatile, analysts have recommended over 60 stocks to buy during the customary 1-hour session, some of which are Bharat Petroleum, Federal Bank, UPL, Aarti Industries, Divi's Laboratories, HDFC, PVR, SBI, L&T and Hindustan Unilever, among others.
While intraday trading is allowed, experts suggested investors should indulge in intraday trading, as the trading window is extremely short and the market volatile.
Experts suggested that investors conduct portfolio review and asset allocation review in order to improve the quality of stocks held.
Equity remains the best asset class to invest in, despite the risks. While the market may disappoint the investor in the short run, it pays to remain invested in high quality businesses, they say.
The bull market that began in June 2019 isn’t going to fade and crash. While things are looking promising and investors sentiments continue to remain positive, one has to keep in mind the possibility of macro uncertainty and its likely impact on small-cap companies.
