The National Stock Exchange and Bombay Stocks Exchange will conduct a special session for 'Muhurat trading' on account of Diwali today.
Trading will be held from 6:15 p.m. to 7:30 p.m. to mark the start of Hindu calendar year Samvat 2071.
India's blue chip Sensex and Nifty indices ended with more than 25 per cent gains in Samvat 2070. (Read the full story here)
Buying by foreign funds, a stable government at the Centre and hopes of big bang reforms are the three big triggers that have lifted domestic stock markets to record highs in Samvat 2070.
As compared to last year, the returns in Sensex and Nifty are almost twice as compared to Samvat 2069, when the Sensex rose 13 per cent and the Nifty advanced 11 per cent. In fact, Samvat 2070 turned out to be the best for Sensex in five years.
The performance of the broader markets has been even more impressive during Samvat 2070, with the small cap index on the Bombay Stock Exchange rising 72 per cent and the midcap index advancing 47 per cent.
Analysts expect the rally in markets to continue in to Samvat 2071 with Karvy Stock Broking putting out a Sensex target of 29,300 by next Diwali.
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