| Log in

In Charts: Which sectors outperformed in the Indian stock market since last Diwali

27 October, 2016

The old economy clearly ruled the bourses over the last one year with metals, oil & gas and energy sectoral indices gaining the most since last Diwali, the Indian festival of lights that is considered auspicious for traders.

On a lighter note, here’s a heartening aspect for traders and long-term investors alike. If one tracks the logical sequence of the movement of the 30-stock benchmark Sensex through the last decade, Indian market could be at the beginning of at least a four-year bull run. Sensex had moved for two straights years (Diwali to Diwali) before declining in 2011. It moved up for three straight years thereafter before dipping in 2015. It is already up 8% since Diwali last year. It may be set for three more years of upswing before it retraces its steps.

The ‘Muhurat’ trading is scheduled for this Sunday and will be conducted from 6.30 pm to 7.30 pm.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Which way will the Sensex turn?

Which way will the Sensex turn?

TEAM VCC 2 years ago
Stock market investors closely watch for the Union Budget and are usually the...
Will this Diwali light up e-tailers’ business or burn a hole in their pockets?

Will this Diwali light up e-tailers’ business or burn a hole in their pockets?

Aman Malik and Punita Verma 2 months ago
Diwali is the best shopping time for Indian consumers as the best bargains are...
Economy round-up: India may post current account surplus; minimum wage bill likely

Economy round-up: India may post current account surplus; minimum wage bill likely

Aman Malik 1 year ago
India is set to post a current account surplus for the first time in nine years,...
No Comments

In Charts: Which sectors outperformed in the Indian stock market since last Diwali

Powered by WordPress.com VIP