Thank you so much for watching this space  for all live Muhurat trading updates. We wish you a very Happy and Prosperous Diwali..

Indian indices ended nearly 1 percent higher in the 2022 Muhurat trading session. This was the best Diwali for markets since 2008. The Sensex ended 524 points higher at 59,831 while the Nifty settled 154 points higher at 17,731. Broader markets were also in-line with benchmarks with the Nifty Midcap an Nifty Smallcap indices up around a percent each. Among sectors, Nifty Bank, Nifty Fin services, Nifty IT and Nifty Auto rose over a percent each in Muhurat session. While ICICI Bank and Nestle were the top gainers on the Sensex; Kotak Bank and HUL lost the most.

We lower our FY23E EBITDA by 2%, accounting for weaker O2C with export duties capping margins, Jio ests. lower with limited benefits of operating leverage and Retail estimates higher incorporating strong H1 performance. We forecast 10% Adj EPS CAGR over FY22-25E largely driven by Reliance Retail (RR) and Jio. Maintain Buy with price target of ₹3,090.

The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift from hopes that U.S. interest rates could rise more slowly than previously thought.

The dollar roared to 149.70 yen in early trade before hastily retreating to 145.28 in a matter of minutes in what traders and analysts said appeared to be at the hands of the Bank of Japan. It was last down almost 1% at 149.24.

D-Link India zoomed over 15 per cent to ₹234 on the BSE in today's special trading session after the company reported 85 per cent YoY growth in Q2 net at ₹22.17 crore. Total income rose 20.5 per cent to ₹292.19 crore.

Bombay Dyeing cracked 11 percent in Muhurat Trading session after Sebi barred the company from the securities market for 2 years. The company on Sunday said it would move SAT against Sebi order. 

Shares of Reliance Industries rose 1 percent even after it reported a drop in the consolidated net profit for the September quarter. The bottomline fell 0.2% year-on-year to ₹13,656 crore, against expectations of double-digit growth.

YES Bank fell 2 percent in the Muhurat session after it reported a 32 percent decline in its net profit for the September quarter to ₹152.82 crore from ₹225.5 crore posted in the same quarter the previous year.

ICICI Bank on Saturday reported a 37% year-on-year (YoY) rise in standalone net profit to ₹7,558 crore as against ₹5,511 crore a year ago. India's second larger private lender reported a 26% YoY increase in the net interest income (NII) at ₹14,787 crore during the July-September 2022 period as against ₹11,690 crore in the same period last year. Stock is up 1.5% in Muhurat trading.

Kotak Mahindra Bank's net profit rose 27% year on year to ₹2,581 crore, from ₹2,032 crore a year ago due to strong loan growth from the consumer banking segment. That said, the stock traded marginally lower. Stock is flat in Muhurat trading.

“Investors can accumulate gold in a staggered manner near the Rs.49500-49000/10gms range for the upside potential of Rs.53100/10gms initially & next at Rs.53700/10gms levels. On the flip side, a decisive break of 100 EMA, which currently lies around Rs.48700/10gms mark could derail the positive sentiment and push the gold to Rs.47000/10gms level.”

Indian benchmark indices opened over a percent higher in the special one-hour Muhurat trading session in 2022. This is the highest gain by Indian indices in the past 14 Muhurat sessions. At 6:17 pm, the Sensex was up 666 points or 1.1 percent at 59,973 and the Nifty rose 188 points or 1.1 percent to 17,763. Nifty Midcap and Nifty Smallcap indices were also in-line with benchmark indices, up around a percent each.

"Capital goods, pharma and cement, will outperform, while public and private banks, NBFCs and the auto sector may wind up laggards. We also expect mid and small caps to outperform large caps. If you look at the data from the last Samvat to the current one, there is hardly any difference between the performance of large, mid and small caps. On the contrary, small caps have performed better than large caps. Therefore, the performance of the Indian equity market going forward would be driven more by small and mid-caps. We are bullish about mid and small caps, given the yearly rise of retail investors. By the next Samvat, we expect the market to perform exceptionally well,"said Sunil Damania, Chief Investment Officer, MarketsMojo.

"Even though Samvat 2078 ended with marginal negative returns the overarching feature of the year gone by was India’s distinct outperformance. While the MSCI World Index and MSCI Emerging Market Index fell by 23 % and 33% respectively, Nifty hugely outperformed with a minor cut of only 3 %. This outperformance in a year of a war in Europe and rising inflation and interest rates in the developed world reflects Rising India’s resilience. From the market perspective, two factors stand out: One, India’s economic fundamentals are relatively strong. Two, DIIs and retail investors have become a force to reckon with overwhelming the FII selling. This trend can be expected to continue.

Muhurat trading will be lighted up by fireworks from the bulls who are set to charge with the support from the mother market US which was strong last Friday. Financials are again likely to lead the rally since credit growth in the economy is robust and continues to gain momentum. However, investors should be cautious since there are major challenges ahead, particularly rising interest rates and the unknown trajectory of the Ukraine war."

The indices have generally performed decently on this occasion even though the trading volumes are pretty low. In the last 15 years, since 2008, 12 out of the 15 muhurat trading sessions have ended in the green.

Last year, Diwali was observed on November 4 and the indices rose around half a percent higher. The Indian markets have followed a similar trend in the past. In 2020, the indices rose between 0.5 percent in Muhurat trading followed by a 0.37 percent rise in 2019 in Muhurat trading and a 0.7 percent rise in 2018. However, they saw minor losses in muhurat trading in 2017, 2016, and 2012.

The best Muhurat trading performance till date was witnessed in 2008 during the peak of the global financial crisis in 2008. In that Muhurat Trading session on October 28, 2008, the indices jumped nearly 6 percent, the highest ever in a Muhurat session.

Stock exchanges BSE and NSE will conduct the once-in-a-year Diwali Muhurat trading on Monday as Diwali marks the beginning of the Hindu accounting calendar year Samvat 2079. While the market will be shut for normal trading to mark Diwali, the special trading window will be open for just one hour in the evening.

SGX Nifty indicates a positive opening for 2022 Muhurat trading. At 5:53 pm, the SGX Nifty was trading 20 points or 0.11 percent higher at 17,864.

First of all, wishing all the readers of MintGenie a very Happy and Prosperous Diwali, we welcome you to the live blog of 2022 Muhurat trading. Here we will look at all the trends in this special one-hour session of the markets, what gained, what lost and where should you invest.