Trading Ideas for Diwali Muhurat 2024: Stocks to buy for a gain of up to 26% over the course of the year.

Diwali Muhurat: The issue of whether the stock market is either open or closed arises because today is Dhanteras, the first day of Diwali.

The subject of whether or not the stock exchange is either open or closed on Tuesday, October 29, 2024, the first official day of Diwali, is raised by the stock exchange holiday.

Is Dhanteras a holiday for the stock market? According to the list of vacations published on the Bombay Stock Exchange (BSE) internet presence, the market for securities will be open today on Dhanteras.

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The list states that just Friday, November 1, 2024, would be a stock market vacation in honour of Diwali and Laxmi Puja. On all of the additional days before, it will stay open. This holds true for all trading in stocks and derivatives.

Not only does the multi-commodity exchange of India (MCX) declare a vacation on November 1, but it also applies to the commodities market.

2024 Diwali Muhurat Picks: Top stocks to purchase: In its annual Muhurat Picks 2024 report, Funds India provides investors with a thorough guide to help them make wise financial choices this Diwali. The platform’s Equity Research Desk has put together this year’s report with the goal of assisting investors in strengthening their portfolios and seizing fresh possibilities.

Diwali, which represents fresh starts, is regarded as a fortunate moment to start or intensify financial endeavours. The goal of Funds India’s Muhurat Picks 2024 is to give investors insightful information on a wide variety of businesses in different industries.

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Date and time of the 2024 Diwali Muhurat trade: The annual Diwali Muhurat trading session of the NSE and BSE stock exchanges is scheduled for Friday, November 1, 2024, from 6:00 PM to 7:00 PM. Samvat 2081, the first day of the Hindu calendar year, begins with this unique trading session.

On Diwali, investors can engage in auspicious trading during this one-hour evening session, even though the regular stock market will be closed. On November 1, 2024, the pre-opening session will take place from 5:45 to 6:00 p.m.

Suggestions for Diwali Muhurat trading stocks: Jewellers Kalyan Ltd. Purchase price: Rs 676Price target: Rs 846. 25% is the upside potential. Achieving significant revenue growth and an increase in promoter stakes while expanding in both Indian and foreign markets. The outlook highlights robust growth potential in spite of competition and regulatory challenges.

Picks for Diwali Muhurat trading stocks: CDSL, or Central Depository Services Ltd. Purchase price: 1,461 rupees: Price target: Rs 1,845.

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Benefits from a dominant position in the depository industry and increasing retail engagement, along with a favourable outlook centred on technological advancements, provide 26% of the upside potential. Market and regulatory risks are recognised, nevertheless.

Buying Diwali Muhurat stocks: JSW Energy, Ltd. Purchase price: Rs 670Price target: Rs 825. Benefits Possibility: 23%. Renowned for its robust growth in environmentally friendly energy sources and varied energy generation. Strong growth is indicated by long-term contracts and continuing projects, but it’s important to keep an eye on execution and regulatory threats.

Suggestions for Diwali stocks: Federal Bank, Ltd. Target price: Rs 325. Purchase price: Rs 189. Potential Upside: 24%. Enhancing asset quality and gaining market share in deposits with sound financials. Expansion initiatives promote growth, despite obstacles from competition and shifting interest rates.

Read more:

Nifty 50 and Sensex : What to anticipate from the Indian stock market in trade on October 2024:

3 thoughts on “Trading Ideas for Diwali Muhurat 2024: Stocks to buy for a gain of up to 26% over the course of the year.”

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