Diwali Special Stocks to Buy Today : 4 November 2021

The Stock Markets (BSE and NSE) will open for one hour today (4 November) for the Muhurat Trading session on Diwali. The Muhurat trading is practised to commemorate the start of the new Samvat 2078.  This year, the Muhurat trading session will begin at 6:15 pm and end at 7:15 pm on Thursday. It is believed that Muhurat trading brings prosperity and wealth throughout the year.

Day Trading:  Muthoot Finance, Sobha, Garden reach, Eclerx, SKF, VRL, Oberoi Reality, KPR Mill, Dabur,

Short Term: Airtel, Bank of Baroda, Canara Bank, Trent, Infosys, Godrej Properties, Sriram Transport Fin., Bajaj Finance, Tech Mahindra

Long Term: Larsen, Grasim, UPL, Ultratech Cements, Asian Paints, SBI, Tata Steel, Vedanta

Source Click; Source Click 2; Source Click 3

Top Market News:

1. The country’s largest lender State Bank of India (SBI) reported a 67 per cent year-on-year (YoY) jump in net profit at Rs 7,627 crore in the July-September quarter (Q2 of FY22), aided by lower loan loss provisions. Business Standard
2. The Centre on Wednesday announced a reduction in excise duty on petrol by Rs 5 a litre and on diesel by Rs 10 a litre. This will come into effect from Thursday, when the country celebrates Diwali, and is expected to boost consumption, and bring down input costs for farmers and businesses. Business Standard
3. Leading digital payments and financial services platform Paytm allotted Rs 8,235 crore worth of shares to anchor investors as part of its Rs 18,300-crore initial public offering (IPO), which opens on Monday. This is the largest-ever allotment made in the anchor category. Business Standard
4. Cairn Energy Plc on Wednesday announced that it has given undertakings to the Indian government that it is withdrawing all cases as part of the settlement of the dispute arising from the levy of retrospective taxes. Business Standard
5. Hyderabad-based Bharat Biotech’s vaccine, Covaxin, received the much-awaited Emergency Use Listing (EUL) from the World Health Organization (WHO) on Wednesday, bringing relief to students, business travelers, and all those who intend to travel abroad. Business Standard

Google Trends

• Samvat 2077 started with a robust bull run led by outperformance in the broader market after a muted performance seen in the calendar year 2018 and 2019. While benchmark Nifty has delivered a stellar return of more than 40% since the last Diwali, Mid and Small Cap Indices, too, have reported excellent performance and are up 66% and 79%, respectively, for the same period.
• At the foot of an Icelandic volcano, a newly-opened plant is sucking carbon dioxide from the air and turning it to rock, locking away the main culprit behind global warming. Orca, based on the Icelandic word for “energy,” does its cutting-edge work at the Hellisheidi geothermal power plant in southwest Iceland.
• The New York State Department of Financial Services has formed a new division to handle climate risk, establishing the agency’s leading role among state banking regulators in addressing the threats posed by a warming planet.

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