Mumbai: Indian stock exchanges 50-Nifty and BSE Sensex are set to welcome the Samvat 2074 in the one hour of Muhurat Trading from 6.30pm to 7.30pm.
According to a Kotak Securities report, the Nifty50 index is likely to set a new high of 11,850 reported NDTV. "In the coming weeks or months, Nifty could correct to the levels 9,000 in the worst case scenario. But looking at the overall strength of the market, and excess liquidity in the system, we are expecting 9,400 to act as major support for the market," the domestic brokerage said.
Kotak Securities' Diwali has handpicked these stocks which it feels will do well:
BEML: The brokerage has a target of Rs 3,500 on BEML, which offers a potential of surge from its current level of around Rs 1,750.
ITI: The stock is likely to achieve Rs 275 (minimum) and Rs 350 on the higher side in next 10 to 12 months, says Kotak Securities., the brokerage adds.
Just Dial: According to NDTV, the brokerage is at a current price level of Rs 80 with stop loss at Rs 65.
JSW Energy: According to Kotak, the stock will achieve price target of Rs 100. Kotak recommends buying the stock at current of Rs 80 and “adding more on dips to around Rs 74 with stop loss at Rs 65”.