Muhurat Trading 2026 Timing, HFCL’s Profit Grew 5-Fold & More
- PhonePe Invest
- 10 min read
- 19 Oct 2026
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Nifty 50 and Sensex failed to sustain a recovery on Monday and ended sharply lower, with weakness in private banking heavyweights weighing on the market following their results. The Sensex fell 876 points, or 1.17%, to close at 73,853, while the Nifty declined 257 points to settle at 22,889.
Key Indices
Today’s Top News
HINDZINCHindustan Zinc reported a more than twofold jump in consolidated net profit for the September quarter of FY27 as higher metal production, lower costs and strong silver output boosted its financial performance. Net profit surged 142% to ₹6,412 crore from ₹2,649 crore a year earlier.
UNIONBANKOn a consolidated basis, the bank has reported a 30.62% increase in its net profit at ₹5,781.00 crore for Q2FY27, as compared to ₹4,425.95 crore for the same quarter in the previous year. Total income increased by 5.40% to ₹33,471.29 crore for Q2FY27 as compared to ₹31,755.44 crore for the corresponding quarter of the previous year.
HFCLOn consolidated basis, the company has reported over five-fold jump in its net profit at ₹362.91 crore for the quarter ended September 30, 2026 as compared to Rs 67.86 crore for the same quarter in the previous year. The total income of the company increased over two-fold at Rs 2,569.25 crore for Q2FY27 as compared to Rs 1,056.38 crore for the corresponding quarter previous year.
Aeroflex Industries has been granted a patent for its innovative technology for Automatically Generating 3D Computer-Aided Model of a Braided Hose Assembly. The patented technology focuses on the automated generation of 3D computer-aided models of braided hose assemblies, reflecting the company’s efforts towards advancing its engineering and design capabilities through technology-driven innovation.
BAJAJHINDSugar company shares fell up to 7% on Monday after the government directed oil marketing companies to stop diverting sugar for ethanol production in the 2026/27 supply year. The latest ethanol tender excludes supplies made from sugarcane juice, sugar syrup and B-heavy molasses, a sugar-rich by-product of cane crushing.
Broader Market Performance
INDIA VIXTop Performing Sectors
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers & Losers
Top Gainers
Top Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 16 Oct 2026 | 1,165.92 | -3,661.28 |
| 15 Oct 2026 | -5,285.37 | 3,319.39 |
| 14 Oct 2026 | -1,857.44 | 2,670.44 |
| 13 Oct 2026 | -1,305.13 | 2,439.24 |
| 12 Oct 2026 | -1,708.48 | 3,045.02 |
| Month-to-Date | -48,769.01 | 48,168.13 |
Macro View
Muhurat Trading 2026
The exchanges will conduct the Muhurat trading session on November 8 from from 2:20 PM to 3:30 PM to mark the auspicious occasion of Diwali and the commencement of the new Hindu accounting year, Samvat. This is a time-honoured tradition where the markets open for a short, ceremonial trading session on Diwali. Market participants consider this an auspicious window to make fresh token investments, purchase blue-chip equities, and initiate new ledger accounts for prosperity and financial growth in the year ahead.
Rapid Reforms Needed
Expressing optimism about India’s growth prospects, NITI Aayog Vice Chairman Ashok Kumar Lahiri has said that India needs rapid economic reforms and structural changes to become a developed nation by 2047. He pointed out that India’s per capita income currently stands at $2,813. To reach $18,000 by 2047, India’s per capita income would need to increase around six-and-a-half times, growing at an annual nominal rate of around 9.25 per cent over the next 21 years.
Trump’s sanctions waiver under SRIA
The Global Trade Research Initiative (GTRI) said that US President Donald Trump’s waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) provides India temporary relief but offers no lasting certainty.
India’s Merchandise Exports
India’s merchandise exports registered strong growth across key regions, including Africa, ASEAN and North-East Asia, during April-August period of FY27. The growth comes as India looks to diversify its export destinations amid global trade uncertainties. India’s exports to West Asia, which were hit by the US-Iran war, are also gradually recovering towards pre-crisis levels. Exports to the region stood at $4.2 billion in April, which increased to $5.01 billion in August. It was $6.48 billion in January this year.
Active & Upcoming IPOs
| Company | Date | Total Issue Size | Price Band | Minimum Investment |
| Paras Healthcare Ltd. | 21 Oct to 23 Oct, 2026 | ₹1,450 Cr | ₹660 to ₹693 | ₹13,860 |
| Jio Platforms Ltd. | 21 Oct to 23 Oct, 2026 | ₹30,213 Cr | ₹1065 to ₹1119 | ₹12,780 |
| BLS Polymers Ltd. | 27 Oct to 29 Oct, 2026 | ₹255 Cr | ₹142 to ₹150 | ₹14,200 |
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