ewsba.se
Stocks to buy: After a strong rally over seven straight sessions, the Indian stock market opened higher in the ceremonial Muhurat Trading session on Diwali, i.e., 8 November 2026. However, the key benchmark indices pared early gains and ended red after the close of the ceremonial session, snapping the eight-year winning streak. The BSE Sensex edged lower by 0.04%, the Nifty 50 index lost 0.18%, whereas the Bank Nifty index nosedived 0.40%.
Among the top gainers were Divi's Lab, Tata Steel, Vedanta Aluminium and Metal, CG Power, Sun Pharma, and Tata Motors PV, whereas the top losers are SBI Life, Tata Capital, IndiGo, DLF, BPCL, and Infosys.
Shares of Safe Enterprises Retail, Hindusthan Insulators, Finolex Cables, Banco Products India, Dhunseri Ventures, and Supriya Lifesciences are among the volume shockers during the special trading session on Diwali 2026.
Shares of ICICI Bank, Adani Ports, TVS Motor Company, Kotak Mahindra Bank, Eternal, Indian Hotels Company, Aurobindo Pharma, Ather Energy, Piramal Pharma, MCX, Shyam Metalics, JSW Steel, South Indian Bank, Marico, Divi's Lab, Navin Fluorine, MOFSL, etc., climbed to a new 52-week high during the ceremonial session on Diwali 2026.
Pabitro Mukherjee, Deputy Vice President — Technical Research at Bajaj Broking, believes the Nifty 50 index moved above the 52-week EMA during the last week, and that the trendline joining the previous major highs of February and August 2026 is currently placed above the August 2026 high of 24,774.
Advising investors to remain cautious, the Bajaj Broking expert said, “The Nifty 50 index has seen a strong up move of more than 2500 points in the last 10 sessions. Hence, some consolidation cannot be ruled out at higher levels; stock-specific action will continue to remain in focus.”
On triggers that may dictate the Indian stock market's movement next week, the Bajaj Broking expert said that market participants will closely monitor Brent crude prices and developments surrounding US-Iran tensions. The Q2 FY27 earnings season will remain a major focus, with corporate results and management commentary providing insights into earnings momentum and the broader business outlook.
Regarding stocks to buy in November 2026, Pabitro Mukherjee of Bajaj Broking recommended these five monthly technical stock picks: SBI, Swiggy, Adani Power, Lloyds Engineering, and GE Vernova.
1] SBI: Buy in ₹990 to ₹1,020 range | Target ₹1,149 | Stop Loss ₹920 | Time 12 Months;
2] Lloyds Engineering: Buy in ₹82 to ₹84 range | Target ₹99 | Stop Loss ₹72 | Time 12 Months.
3] Adani Power: Buy in ₹199 to ₹204 range | Target ₹223 | Stop Loss ₹187 | Time 6 Months.
4] Swiggy: Buy in ₹188 to ₹191 | Target ₹206 | Stop Loss ₹177 | Time 6 Months; and
5] GE Vernova: Buy in ₹3,980 to ₹4,030 range | Target ₹4,545 | Stop Loss ₹3,610 | Time 12 Months.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
Catch all the Business News , Market News , Breaking News Events, JIO IPO Listing Today LIVE and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.