Low impact
Diwali week: Muhurat session on Sunday, markets shut on Tuesday
NSE and BSE will hold the traditional one-hour Muhurat trading session on Sunday 8 November, with pre-open from 2:05 pm and trading from 2:20 pm to 3:30 pm IST. Markets are closed on Tuesday 10 November for Diwali Balipratipada. Festive spending was visible this week: consumer durables rose 2% on 4 November, led by Titan.
The chain of consequences
- 1Muhurat trading on Sunday 8 November
- 2Markets closed on Tuesday 10 November
- 3Fewer full sessions next week
Tends to gain
Traditional festive buying interest; consumer companies benefit from Dhanteras and Diwali spending.
Tends to lose
Lower trading volumes around the holidays.
If it reverses
Not applicable.
Other stories today
- Brent crude falls 8.7% to $94.62 after the US midterm results
- Foreign investors buy about ₹7,284 crore of Indian shares
- Defence shares extend their rally after GRSE's ₹32,000 crore Navy order
- IT is the only sector to fall as TCS, HCLTech and Infosys slip
- Apollo Hospitals' September-quarter profit rises 32%
- NHPC reports higher September-quarter revenue
- Coal India shares adjust for its ₹10.25 dividend
- US data stay steady ahead of Friday's jobs report