ICICI Bank, Divi's Labs Lead 14 NSE 500 Stocks to New Highs in Muhurat Trading

On November 8, 2026, the National Stock Exchange of India (NSE) held its customary Muhurat trading session to mark the Diwali festival, a tradition celebrated by investors and traders alike. This year, 14 stocks from the NSE 500 index achieved fresh all-time highs during the brief trading window, with notable gains seen in ICICI Bank and Divi's Laboratories.

The Muhurat session, often viewed as an auspicious start to the financial year, featured prominent participants including NSE Managing Director and CEO Ashishkumar Chauhan, actors Poonam Dhillon and Padmini Kolhapure, Smt. Sheeba Agarwal, filmmaker Bharatbala, RSS All India Outreach Head Ram Lal, and Swami Vigyananda, founder of the World Hindu Congress and World Hindu Economic Forum. These dignitaries took part in the traditional Lakshmi Pujan and ceremonial bell ringing at the NSE premises in Mumbai.

Among the 14 stocks reaching record peaks, Divi's Laboratories stood out with a remarkable 6 percent surge, closing at ₹10,950 per share. This followed the company’s announcement of a robust second-quarter performance for the fiscal year 2026-27 (Q2FY27). Divi's Labs reported a net profit of ₹1,127 crore, representing a 63.6 percent increase compared to ₹689 crore in Q2FY26. The company’s revenue from operations also grew by 35.4 percent year-on-year, reaching ₹3,676 crore against ₹2,715 crore in the corresponding quarter last year.

ICICI Bank was another key stock that hit new highs during this special trading period. While specific price movements for ICICI Bank were not detailed, its inclusion among the 14 top performers highlights its ongoing strength in the financial sector. The bank remains one of India’s leading private sector banks, known for its broad retail and corporate banking services, and its performance often serves as a barometer for the overall health of the Indian banking industry.

Other notable companies that witnessed record highs include Motilal Oswal Financial Services, Ather Energy, Adani Ports, Navin Fluorine, Indian Hotels Company, Emcure Pharmaceuticals, TVS Motor Company, Aurobindo Pharma, Marico, MCX India, and Shyam Metalics. Motilal Oswal Financial Services saw its shares rise over 4 percent to ₹1,147, marking the sixth consecutive trading session of gains. This uptick was partially fueled by market speculation over a potential review of the long-term capital gains tax, which could encourage greater investor participation and improve market sentiment.

Emcure Pharmaceuticals extended its upward momentum, reaching a new high of ₹2,430. The company posted a 33.7 percent increase in its consolidated net profit for Q2FY27 at ₹325.5 crore, driven by a 24.2 percent rise in revenue, which totaled ₹2,820.4 crore. Shyam Metalics also recorded nearly a 4 percent jump, touching ₹1,353.30 during the Muhurat session, and maintained gains above 3 percent through the afternoon.

Ather Energy, Adani Ports, and MCX India each climbed about 1 percent, reflecting steady investor interest across diverse sectors including electric vehicles, port operations, and commodity exchanges. These gains during Muhurat trading are often viewed symbolically by investors as a sign of confidence and prosperity for the year ahead.

The Muhurat trading session is a brief window on the day of Diwali when stock markets open for a few minutes to allow investors to buy and sell stocks. This tradition is deeply rooted in India's culture where Diwali symbolizes wealth and prosperity, and the trading session is believed to bring good fortune to investors’ portfolios.

In the broader context, the performance of these stocks during the Muhurat session adds to the positive momentum seen in various sectors of the Indian stock market. It reflects optimism among investors amid a backdrop of improving corporate earnings and supportive government policies. As India continues to expand its economic base and attract global investment, such milestones during festive trading sessions underline the resilience and potential of the country's capital markets.