Vikrant Shekhawat : Nov 01, 2024, 09:00 PM
Share Market News: On November 1, during the Muhurat trading at 6 pm, a bumper rally was seen in the Indian stock market. The Sensex started trading with a gain of 435 points, while the Nifty also opened with a gain of 111 points. By the end of the day, the Sensex jumped 335 points to reach the level of 79,724, while the Nifty closed at 24,299 with a gain of 94 points. Amidst this excitement, some stocks helped investors make great profits.Stellar performance of Acid InvestmentOn this day, Acid Investment made a splash in the market. The price of this stock reached the level of Rs 2,60,465, hitting an upper circuit of 5 per cent. Interestingly, this stock gave investors a profit of Rs 12,403 per share in just one day. Till some time ago, this stock was close to just Rs 3. After the order of SEBI, the shares of this company were auctioned, after which its price rose record high.Other stocks also made profitsDuring Muhurat trading, stocks like Mahindra, PNB, Zomato and Adani Green Energy in the large cap category achieved the distinction of becoming top gainers. In the mid cap, Vodafone Idea, IRB Infra, Bharat Dynamic and Mangalore Refinery also performed well. On the other hand, Bridge Enterprises, Piramal Pharma, NCC and IIFL Finance benefited investors in the small cap.Top gainers of Nifty-50The special thing for investors was that when the market opened, the shares of Mahindra & Mahindra, Tata Motors, NTPC, BEL and Eicher Motors saw a rise in the Nifty-50. Although some selling was seen in the shares of Adani Group, the shares of Adani Power and Adani Energy showed a rise. Reliance Industries stock also rose marginally.Importance of Muhurat TradingStock market brokers in India consider Diwali as the beginning of their financial year. Many investors consider buying shares during this time as a symbol of prosperity. Muhurat trading, though symbolic, still sees active participation. This time is a golden opportunity for investors to diversify their portfolio. Experienced investors use this opportunity to adjust their investments, which gives positive signs for the coming year.ConclusionThe Muhurat trading of November 1 gave investors a bumper rally, in which not only the major stocks performed brilliantly, but investors also got huge profits. Stocks like Acid Investment touched new heights in the market and raised the expectations of investors even higher. Such rallies show how strong the potential is in the Indian stock market, and Muhurat trading once again proved that this is the best time to invest.