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Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited until November 15.

Sebi proposes raising the threshold for High Value Debt Listed Entities from Rs 500 crore to Rs 1,000 crore to reduce compliance burdens. It includes governance obligations, filing reports in XBRL format, and harmonising reports with equity-listed entities. Public comments are open until November 15.

​Indian benchmark indices Sensex and Nifty opened higher in the special Muhurat trading session on Diwali, lifted by upbeat investor sentiment as markets ushered in the new Hindu calendar year, Samvat 2081.

During the special Muhurat trading session, investors can buy and sell stocks just like on any regular trading day.

Muhurat trading during Diwali is seen as a symbol of new beginnings and prosperity. Investors believe that trades made during this time will bring good returns. The Sensex has shown positive growth, and experts predict continued growth amidst market volatility. Nifty is expected to aim for 28,400 by Diwali 2025 despite moderating corporate earnings.

Foreign Institutional Investors (FII) sold over $9 billion in equities in October, increasing exposure to China after policy changes. The market is expected to consolidate due to high valuations and reduced economic momentum in India. Economic and geopolitical factors are crucial in shaping market trends.

Indian stock market outlook for the next year depends on earnings growth, new and repeat orders. Key sectors expected to perform well are Private Financials, Metals, Capital Goods, Specialty Chemicals, Healthcare, and Large cap IT. Domestic demand is showing signs of slowing but may recover due to festive season, weddings, and potential RBI rate cuts.

Indian stock markets are set to open for Muhurat Trading today during the Diwali holiday, marking the start of Samvat 2081. Despite strong past performance, experts advise caution for the coming year. Top brokerages have identified promising small-cap stocks for potential high returns. These recommendations offer varied opportunities for investors.

"Over the next 12 months, we expect Nifty to report low double-digit earnings growth YoY, however, we do not expect PE multiple for Nifty to expand in that time frame. Nifty is still trading at a 10% premium to historical trailing PE multiple average post recent correction. Whereas Nifty companies are still not reporting earnings growth in line with a historical average of 15%," says Aditya Khemka.