10/26/2014 BSE Sensex, Nifty Move Higher in Muhurat Trading - NDTVProfit.com

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BSE Sensex, Nifty Move Higher in Muhurat TradingNDTV | Updated On: October 23, 2014 18:59 (IST)

The BSE Sensex and Nifty moved higher today in the special 'Muhurat trading' sessionto mark the festival of Diwali.

The Sensex rose over 100 points to 26,930 while Nifty jumped to 8,031.The gains werebroad-based today with all the sectoral indices on the BSE rising in today's session.The broader markets outperformed with all the BSE midcap and smallcap indicesrising over 1 per cent. (Track shares)

Shares of IT major Wipro fell as much as 5 per cent. Wipro, which had missed itsearnings estimate in the September quarter, was also the top loser in the 50-shareNifty. (Wipro falls sharply after lacklustre Q2)

Indian markets have rallied in the past four sessions, buoyed by gains in globalmarkets and energy sector reforms announced by the government.

From last year's Diwali to this Diwali, India's bluechip indices Sensex and Nifty endedwith more than 25 per cent gain. Buying by foreign funds, a stable government at theCentre and hopes of big bang reforms are the three big triggers that have lifteddomestic stock markets to record highs during the period.

The gains have been bigger in broader markets with midcaps and smallcap indicessurging 48 per cent and 75 per cent.

Analysts expect the gains to continue in Indian markets but not to that extent

10/26/2014 BSE Sensex, Nifty Move Higher in Muhurat Trading - NDTVProfit.com

http://profit.ndtv.com/news/market/article-bse-sensex-nifty-muhurat-trading-683372 2/2

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Story first published on: October 23, 2014 18:59 (IST)

Tags: BSE Sensex, Nifty, NSE Nifty, Muhurat Trading, Samvat 2071

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compared from last Diwali.

Nilesh Shah, MD & CEO of Axis Capital, says the handsome returns from the previousDiwali are unlikely to be repeated till the next Diwali but investors can still expectdouble-digit returns. The polarisation between the largecaps and midcaps are likely tonarrow down, he added.

Brokerage firm Karvy Stock Broking has put out a Sensex target of 29,300 by nextDiwali, a gain of nearly 10 per cent.

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