Ready for Muhurat trading on November 1? Sensex finishes Samvat 2080 in style, rockets 22%

Domestic equity benchmarks finished Samvat 2080—the year that began on November 12 (Diwali) as per the lunar Hindu calendar—in style, with the Sensex rallying 14,484.4 points, or 22.3 per cent, and the Nifty50 racing 4,755.5 points, or 24.5 per cent. Dalal Street bulls now eagerly await the onset of Samvat 2081—the year that begins on Diwali 2024—with a special, one-hour trading session (called the Muhurat trading session) on November 1. Confused? A Samvat year—or a year in the Vikrami Samvat calendar—begins on Diwali and ends before the next Diwali. 

Multitudes of traders and investors consider it auspicious to participate in the market during the Muhurat trading session, typically with the hope that securities grabbed on this day will bring good luck to their portfolios.

Have you created your own market playbook for this special day yet? If not, here are 10 things to know to understand how the market has really fared since the last Diwali.

• All's Well That Ends Well! The market's journey was—once again—of wild swings with a happy ending indeed. The Nifty50 gyrated in a range of almost 6,950 points—between 19,329.5 and 26,277.4—during Samvat 2080. 
• Nifty Bank: The banking index—whose 12 constituents include some of the largest lenders in the country including SBI and HDFC Bank—gained 7,655.3 points, or 17.5 per cent, during this period. 
• Can you guess the top performing sectors? Among NSE's sectoral gauges, the Nifty Realty rallied the most, growing 51 per cent in Samvat 2080.
• In fact, barring media, all sectors enjoyed gains with the healthcare and pharma indices rising 47 per cent each. 
• Besides, the Nifty Auto, Oil & Gas, Metal and Consumer Durables indices rallied between 38 er cent and 44 per cent during the lunar year. 
• The Nifty IT—having TCS, Infosys, HCLTech, Tech Mahindra and Wipro among its 10 constituents—was next among the top performers with a gain of 31.9 per cent. 
• PSU Banks Lead the Way: PSU banks remained one of the bulls' favourites for much of the year, reflected in the Nifty PSU Bank's 33.8 per cent rally. The Nifty Financial Services—covering the BFSI basket—rose 22.1 per cent. The private banking barometer grew 10.5 per cent.
• Stock-specific Action: In the 50-blue-chip basket, except five, all stocks clocked gains in the year that began on Diwali last year. Trent, BEL and Bajaj Auto were the top gainers, rising 186 per cent, 105 per cent and 82 per cent respectively. 
• In the Nifty 500, the bourse's broadest barometer, as many as 421 stocks rose, with GE T&D India, Inox Wind, MOFSL, Netweb Tech and ABB Power being the top gainers. The stocks rewarded investors with returns to the tune of 3-4.5 times each.
• Midcap & Smallcap Participation Counts, Always: Midcap and smallcap stocks participated in the overall rally in the market, reflected in gains of 37.8 per cent and 39.2 per cent in the Nifty Midcap 100 and Nifty Smallcap 100 gauges respectively.  

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