Business Market 19 Oct 2017 Muhurat 2017: Sensex ...

Muhurat 2017: Sensex down 28 points to 32,556; Nifty holds 10,200

DECCAN CHRONICLE
Published Oct 19, 2017, 6:51 pm IST
Updated Oct 19, 2017, 7:19 pm IST
Market investors have gained handsome returns from last year's Diwali to this year.
Investors stare at fluctuating share prices on Bombay Stock Exchange or BSE Sensex. (Poto: File/PTI).
 Investors stare at fluctuating share prices on Bombay Stock Exchange or BSE Sensex. (Poto: File/PTI).

Mumbai: At the Bombay Stock Exchange (BSE), Sensex opened lower as the special one-hour Muhurat trading started at 6.30pm on Thursday welcoming the new accounting year Samvat 2074. The benchmark 30-share index was trading lower by 28 points at 32,556 mark.

Broader Nifty, however, kept moving around the critical 10,200 mark. A report on NDTV citing data compiled by Bloomberg said over the past decade, special Muhurat trading sessions on Diwali have ended on a positive note for as many as seven times.

 

Market investors have gained handsome returns from last year's Diwali to Diwali 2017. Over the year, the 30-share index went up by 16 per cent and broader Nifty gained 18 per cent. The small-  and mid-cap indices gained more than that. 

"Despite demonetisation and GST hurting economic growth in June quarter, a key factor supporting the rally in domestic stock markets has been record inflows into equity mutual funds," NDTV report said.

Care Ratings had earlier said in a report: "The Indian economy has undergone major structural changes in the last one year, starting with demonetization in November 16, which was immediately after Diwali (which was in end-October 2016), followed by the implementation of GST in July 17, both of which have led to some disruptions on the demand and supply side."

 

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