World · India Bureau
Indian equities surge toward best pre-Diwali rally in three decades
India's benchmark indices have recorded their strongest performance in the six trading sessions leading up to Diwali in 35 years, with the Sensex climbing over 6,000 points. The rally positions both the Sensex and Nifty to achieve their best seven-day pre-festival gains since Muhurat trading commenced in 1992.
LSN India ·
The BSE Sensex and NSE Nifty have posted impressive gains over the past six trading days, with the indices climbing 8.3% and 8.1% respectively. This surge places the markets on track to record their most robust pre-Diwali performance since the introduction of Muhurat trading sessions on the National Stock Exchange three decades ago.
The 6,064-point rise in the Sensex reflects broad-based buying interest across Indian equities ahead of the festive season. Market participants attribute the strong momentum to improved investor sentiment and expectations surrounding the post-Diwali economic outlook.
If the current trajectory continues, the indices are positioned to deliver a seven-day pre-Diwali rally that would rank among the strongest seen since 1992, when Muhurat trading became a fixture of the Indian market calendar. The festival season has historically served as a focal point for retail and institutional investment activity in Indian markets.
The sustained rally underscores investor confidence in the domestic economy heading into the final quarter of the financial year, with markets potentially sustaining momentum through the Diwali trading sessions.