Bajaj Broking November 2026 Stock Picks and Market Outlook
The Indian stock market concluded its ceremonial Muhurat Trading session on 8 November 2026 with a decline, ending an eight-year winning streak. Despite opening higher after seven consecutive sessions of gains, the BSE Sensex fell by 0.04%, the Nifty 50 index dropped 0.18%, and the Bank Nifty index declined by 0.40%.
Market activity during the session saw notable gains for stocks including Divi's Lab, Tata Steel, Vedanta Aluminium and Metal, CG Power, Sun Pharma, and Tata Motors PV. Conversely, SBI Life, Tata Capital, IndiGo, DLF, BPCL, and Infosys were among the top losers. Several companies, such as ICICI Bank, Adani Ports, TVS Motor Company, Kotak Mahindra Bank, and JSW Steel, reached new 52-week highs during the event.
Pabitro Mukherjee, Deputy Vice President of Technical Research at Bajaj Broking, noted that the Nifty 50 index had surpassed its 52-week EMA in the previous week. He highlighted that the index experienced a significant upward movement exceeding 2500 points over the last 10 sessions, suggesting that some consolidation at higher levels is possible. Investors are advised to focus on stock-specific movements while monitoring external factors such as Brent crude prices and geopolitical developments between the US and Iran. The Q2 FY27 earnings season remains a primary focus for market participants.
For November 2026, Bajaj Broking has issued recommendations for five specific stocks. SBI is recommended for purchase between ₹990 and ₹1,020, with a target of ₹1,149 and a stop loss of ₹920 over a 12-month horizon. Lloyds Engineering is suggested in the ₹82 to ₹84 range, targeting ₹99 with a stop loss of ₹72, also over 12 months. Adani Power is a pick for the ₹199 to ₹204 range, targeting ₹223 with a stop loss of ₹187 over 6 months. Swiggy is recommended in the ₹188 to ₹191 range, targeting ₹206 with a stop loss of ₹177 over 6 months. Finally, GE Vernova is suggested in the ₹3,980 to ₹4,030 range, with a target of ₹4,545 and a stop loss of ₹3,610 over 12 months.
Why it matters
Investors should monitor these technical stock picks and market consolidation trends as they navigate potential volatility driven by upcoming earnings reports and global geopolitical factors.
FAQ
What were the top gainers during the Diwali 2026 Muhurat Trading session?
The top gainers included Divi's Lab, Tata Steel, Vedanta Aluminium and Metal, CG Power, Sun Pharma, and Tata Motors PV.
Which stocks did Bajaj Broking recommend for November 2026?
The firm recommended SBI, Swiggy, Adani Power, Lloyds Engineering, and GE Vernova.
What factors does Bajaj Broking suggest monitoring for next week's market movement?
Market participants are advised to watch Brent crude prices, developments regarding US-Iran tensions, and Q2 FY27 corporate earnings.
Source: Mint Markets. See the original source for full details.
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