Sensex, Nifty To Open For Special Muhurat Trading Session

Nifty rose 10.30% in Samvat 2079, whereas Sensex scaled 9.26%. Nifty Realty and Nifty Auto were the top gainers in the Samvat gone by. Nifty Realty advanced 54.68%, and Nifty Auto gained 27.99%.

“In Samvat 2080, financials are likely to do well, supported by attractive valuations and impressive growth,” said VK Vijayakumar, chief investment strategist at Geojit Financial Service.

Sustained FII selling in financials, which is impacting the sector, will be only temporary. For investors with a two-year time horizon, the leading private banks and three or four PSU banks are good buys with return potential, he said.

The Nifty Smallcap 250 Index gained 35.07%, whereas the Nifty Midcap 150 was up 30.27% in Samvat 2079. “The mid- and small-cap rally is partly driven by retail exuberance, and since the valuations in this broader market are high, investors have to exercise some caution,” said Vijayakumar.

Leave a Comment