Sensex, Nifty start Samvat 2083 in red: What's the outlook till next Diwali?
Indian stock market indices Sensex and Nifty50 began the new accounting year, Samvat 2083, with slight declines following a record-breaking rally. Analysts remain cautious due to external economic pressures despite a resilient domestic economy.
Why it matters
It provides critical financial context for investors navigating the Indian market during the traditional Diwali trading period.
Samvat 2083, the beginning of the new accounting year, has started with BSE Sensex and Nifty50 ending marginally in red.The declines meant that both the Sensex and Nifty ended their eight-year streak of gains during Diwali trading sessions, a run that had continued since 2018.But investors' wealth surged by Rs 2.60 lakh crore to Rs 5,06,87,267.96 crore. The Nifty-50 declined 0.18 per cent to close at 24,986.40, slipping just below the psychological 25,000 mark after opening higher at 25,070 and touching an intraday high of 25,132.Muhurat trading is a special symbolic session conducted on Diwali, which also marks the beginning of the new Hindu calendar year.
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