Every year, on the auspicious occasion of Diwali, while the Indian market is closed, it conducts a special one-hour trading session in the evening known as ‘Muhurat trading’. Let s understand its history and importance.
Vinit Bolinjkar, Head of Research, Ventura Securities, sees the Nifty around 24,000-25,000 by next Diwali, which implies a 24-29 percent upside. A decent allocation of 10 percent of the portfolio in gold provides stability, he advised investors.
The Indian market created history in Samvat 2079 by hitting milestone after milestone. The Nifty touched 20,000 on 11th September 2023 and the BSE Sensex surpassed 67,900 that day, both gaining almost 10 percent during Samvat 2079.
Samvat 2080 will be a very interesting year to watch out for, for the global economy, believe experts. They expect a robust growth in both the Nifty 50 and the Sensex. With a positive outlook ahead, what strategy should you follow in the next year? Here s what experts recommend.