Sensex rises 192 pts in first session of Samvat 2076; Nifty tops 11,600; TaMo zooms 18% – Economic Times

06:53 PM

Bank stocks putting up a good show

Nifty Bank was up 0.53 per cent at 29,552.95. YES Bank, IDFC First Bank, State Bank of India, HDFC Bank, Punjab National Bank, HDFC Bank and Punjab National Bank were up between 0.45 per cent and 2.60 per cent.

06:44 PM

Sectoral Performance

Barring the telecom index (down 1.25 per cent), other sectoral indices on BSE were trading in the green during the Muhurat trade. The auto, metal, healthcare, bankex, metal and healthcare index were up over 0.50 per cent.

ETMarkets Survey: IT, pharma, PSUs big no-no for Samvat 2076; big bets on private banks, insurers

This year’s Samvat Survey of ETMarkets.com yielded depressing outcomes, thanks to lackluster equity performance for the Hindu accounting year, but the brokerages who took part in it appeared to have better clarity on where the money is, going into a new Samvat.

SLIDESHOW: 50 stock picks from top brokerages for Samvat 2076

Samvat 2075 comes to an end, and a new Samvat kicks off on Diwali this Sunday, October 27. In the Samvat year gone by, Nifty generated 10.8% return and Sensex 9.8%, but that growth was limited to a handful of stocks. This is why most investors’ equity portfolio bled to make Samvat 2075 a forgettable year. Samvat 2075 was tough for investors, as stock performance remained concentrated in specific pockets.

What is muhurat trading? And when is it this Diwali?

Stock exchanges hold a special symbolic trading session on the occasion of Diwali, which is called Muhurat Trading. The special live trading session is held at the most auspicious hour of the day. This year it will be held from 6.15 pm to 7.15 pm on Sunday, October 27, 2019.