Will Nifty's winning streak light up Muhurat trading? Check strategy and stock picks for festive gains
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equities enter Samvat 2083 with a strong rally ahead of the Muhurat trading session on Sunday, November 8.
- ✓The Nifty surged over 8% recently, marking seven winning sessions.
- ✓Ravi Singh said, "Muhurat trading should be approached with a quality-first, long-term investment strategy rather than short-term speculation." Experts suggest caution.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Indian equities are entering Samvat 2083 on a strong note after staging their biggest weekly rally in nearly six years, with analysts identifying opportunities in banking, automobiles, pharmaceuticals and select largecap stocks ahead of the special Diwali Muhurat trading session on Sunday, November 8.
The Nifty surged over 8% in the past week, extending the benchmarks' winning streak to seven consecutive sessions. This was supported by easing crude oil prices, strong foreign institutional buying, improving corporate earnings and a recovery in the rupee.
The turnaround comes after a difficult Samvat 2082, when the Nifty declined nearly 11%. The Sensex lost 11.8% over the same period, as geopolitical tensions, elevated crude prices and foreign investor outflows weighed on Indian equities.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.