Sensex, Nifty end Muhurat trading in red for first time in 9 years (8 Nov)
- Sensex and Nifty ended in the red during Muhurat trading on 8 November 2026.
- The indices fell for the first time in nine years during the Diwali session.
- Markets saw a record 10% gain over the seven sessions preceding Diwali.
- Analysts expect moderate returns in Samvat 2083 driven by earnings growth.
- Tata Steel shares rose 3% following a 16% year-on-year profit increase.
Indian stock markets concluded the special Muhurat trading session on Sunday, 8 November 2026, with the Sensex and Nifty indices closing in the red.
This session marked the first time in nine years that the benchmark indices ended the Diwali trading period with losses. The Sensex ended marginally lower and the Nifty remained below the 25,000 level during the session.
Record seven-session pre-Diwali rally precedes market dip
The Muhurat session followed a seven-session rally that saw the Sensex gain 10.62% and the Nifty gain 10.27%.
Market participants described this surge as the indices entering Samvat 2083 on a high. Both benchmarks extended their gains for seven consecutive trading sessions leading up to the Diwali holiday.
Earnings growth to drive Samvat 2083 market performance
The Economic Times reported that the outlook for the coming Samvat is constructive but selective.
Large-cap stocks have underperformed due to outflows from foreign institutional investors, while mid-cap stocks have shown strong growth. Market analysts expect a recovery in large-cap segments once these foreign institutional investors return.
HDFC Securities and Kotak Mahindra advise disciplined investment
The firm emphasizes a disciplined long-term strategy for investors.
He cited stronger earnings visibility in these sectors as a factor despite elevated market volatility.
Tata Steel and Divi's Labs lead Muhurat session movers
Divi's Labs surged 7% during the Muhurat trading session on 8 November 2026. Tata Steel shares jumped more than 3% during the same session.
Hindalco increased 0.86% to ₹966.65 on 8 November 2026. TMPV shares rose 0.89% to reach ₹294.60. IndiGo slipped 0.68%, falling ₹37.30 to close at ₹5,438.70.
Technical stock picks for Samvat 2083 investment horizon
Brokerages have released technical stock recommendations for Samvat 2083. Kotak Neo identified five stocks with potential gains between 11% and 29%. Kotak Securities recommended seven stocks across diverse sectors with an expected upside of at least 12%. 5paisa listed 10 stocks for a one-year investment horizon. These lists identify technical setups rather than complete trade plans for every stock.
ICICI Bank is recommended by Kotak Neo with a buying range of ₹1,300 to ₹1,398. The target price for ICICI Bank is ₹1,800 with a stop-loss at ₹1,200, implying a 28.8% upside.
5paisa noted several technical indicators for its 10 stock picks. Kotak Mahindra Bank has reached a fresh multi-year high after moving above its 2025 highs, with an RSI near 69. HDFC Bank has reclaimed its 20-day and 50-day exponential moving averages with an RSI near 58.
Indian Hotels is extending a rally toward its December 2024 peak with an RSI near 75. Laurus Labs is consolidating after a breakout with an RSI near 69.
Reliance Industries has completed a high-volume reversal, reclaiming its key daily exponential moving averages and 200-week exponential moving average with an RSI near 67. HAL is testing the ₹5,000 level while holding above all key moving averages with an RSI near 58.
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