Top Nifty50 Gainers Since Last Muhurat: Performance Overview & Sector Impacts

The Indian stock market sees a unique & highly symbolic trading session every Diwali, known as the   Muhurat Trading Session. This session marks the beginning of a new Samvat (Hindu accounting year) & is observed by traders & investors with a mix of optimism & tradition. Since the last   Muhurat Session, many Nifty50 stocks   have experienced significant shifts in performance, with some outperforming expectations & others facing declines. As the nesxt Diwali Muhurat Trading   approaches, let’s take a look at the   Top Nifty Gainers & Losers since the last session, analyzing the reasons behind their growth or decline. This article will help guide your decisions on   stocks to buy during the upcoming Muhurat Trading Time.

Top Gainers in Nifty50 Since Last Muhurat Session

Reliance Industries Shares 

Reliance Share Price was ₹1,146 on 30TH Sep 23 and CMP: ₹1338 as of 28th Oct 24 thus increment of 16.75% due to the fact that Reliance Industries has shown strong growth due to its strategic expansion into green energy & retail sectors. 

Reliance is maintaining ROCE of 9.61% and ROE of 9.25% as Investors are optimistic as Reliance pushes forward with ambitious projects & its steady focus on reducing carbon emissions. 
Consistent earnings report and jio business contribution also contributed to its Nifty50 Gainers status.

Tata Consultancy Services (TCS) Shares   

TCS Share Price was ₹3,327 as of 30th Sep 23 and CMP is ₹4109 as of 28th Oct 24 thus increment of 23.50%.
TCS shares saw positive momentum owing to increased demand for digital transformation services globally as consistently maintaining the ROCE of 64.3% and ROE of 51.5%.

The company’s recent contract wins, enhanced AI capabilities, & strong quarterly earnings have kept it among the Top Nifty Gainers this year.

Larsen & Toubro (L&T) Shares

L&T Share Price was ₹3,403 as of 30th Sep 23 and CMP is ₹5,129 as of 28th Oct 24 thus increment of 50.72%.
L&T, a leader in engineering & construction, has benefited from the Indian government’s push toward infrastructure development also consistently maintaining the ROCE of 33.4% and ROE of 25.8%.

Robust project pipelines & international orders have positively influenced its stock performance, making it one of the best performing stocks since Muhurat Session.

Hindustan Unilever (HUL) Shares

HUL Share Price was ₹2,502 as of 30th Sep 23 and CMP is 2,582 as of 28th Oct 24 thus increment of 3.20%
HUL witnessed growth due to its focus on premium products & expanding rural reach. 

Improved rural sales & robust demand for personal care products have bolstered investor confidence, keeping it among the top stocks since Muhurat Trading.

Infosys Shares

Infosys Share Price was ₹1,388 as of 30th Sep 23 and CMP is 1,866 as of 28th Oct 24 thus increment of 34.44%.
Infosys has maintained steady growth, driven by digital transformation projects & expanding cloud services. 

Strong revenue growth from North American & European markets has kept the stock on an upward trajectory, making it a reliable market update since last year’s Muhurat Trading.
 

Overview of Core Sectors' Performance: Factors Influencing the Recent Slowdow

• Energy and Utilities: Core energy sectors, particularly thermal power and fossil fuels, have experienced moderate growth due to fluctuating demand and environmental regulations. Renewable energy sources, however, are witnessing increasing investments, albeit with challenges in capacity expansion and infrastructure development.
• Banking and Financial Services: The financial sector, led by banking, has been steady, with growth in digital banking and financial inclusion efforts. However, challenges such as increasing NPAs and slower lending growth to industries impact performance.
• Automotive and Manufacturing: These sectors have seen slow recovery, hindered by global supply chain disruptions and rising production costs. The EV segment has attracted investor attention but faces challenges in infrastructure and scaling.

Key Contributing Factors to the Slowdown

• Supply Chain Disruptions: Ongoing global disruptions and logistics issues are impacting manufacturing timelines and raising costs, slowing down the industrial and automotive sectors.
• Rising Costs and Inflation: Increased input costs and inflationary pressures have led to cautious consumer spending and reduced margins across sectors, especially in manufacturing and retail.
• Regulatory and Policy Challenges: Environmental regulations, coupled with cautious fiscal policies, have slowed down investments in traditional energy, banking, and manufacturing sectors.

India’s Core Infrastructure Slowdown:

• Core Sector Output: India’s core infrastructure sectors saw a deceleration in growth, expanding only 3.8% in December, marking the slowest rate in 14 months.
• Sector Performance: Coal led growth with 10.6%, though slower than previous months. Other sectors like steel, cement, and fertilizers saw singledigit growth, while crude oil output dropped by 1%.
• Industry Outlook: Slower core sector growth, especially in critical industries like steel, electricity, and coal, could weigh on the manufacturing sector in the near term.

Stock Market Decline:

• Benchmark Drops: The NSE Nifty50 and BSE Sensex posted their longest losing streaks in 14 months, both down significantly amid ongoing FII outflows and weak corporate earnings.
• Volatility and RSI: Nifty 50 hit an oversold status, with the Relative Strength Index (RSI) dropping below 30, signaling extended selling pressure.
• Investor Sentiment: Foreign investors are redirecting capital to other markets, particularly China, and this shift has pressured Indian equities.

Outlook for Samvat 2081:

• Market Catalysts: Key triggers for the year ahead include the US Presidential Election, domestic rate cut potential, state assembly elections, and the Union Budget 2025.
• Sector Projections: Sectors likely to perform well include financials, consumption, industrials, technology, and healthcare, driven by structural and cyclical domestic themes.
• FII Influence: FIIs are expected to continue influencing market sentiment significantly, with major events like the US election and Fed meetings potentially impacting capital flows.

This economic backdrop presents a mixed outlook, with expectations of moderate industrial output growth and continued caution in the stock markets amid global and domestic challenges.