Muhurat to Muhurat: Stock indices see tepid gains; banks shine – News Air Insight

The benchmark indices, Sensex and Nifty, posted muted returns in each of the one- , three- and six-month periods since the Muhurat trading on November 1, 2024, amid volatile market conditions.

Both indices lost around 4% three months after the Muhurat trading and ended marginally higher in one- and six-month periods.

Banks emerged as the strongest sector during the year with the ET Bank index gaining 1.2% and 7.2% in the one- and six-month periods, respectively. The ET Infotech index jumped 7.1% and 3.4% in the one- and three-month periods, respectively.

An analysis of the returns post Muhurat trading over the past five years reveals that Nifty and Sensex earned the highest returns in each of the three periods for 2020 followed by 2023.

In 2020, the returns were in the range of 6% to 19%, while they were 7-13% for 2023. The broader market remained weaker, as the Nifty Midcap 150 index slumped 7.2% and 5.5% over the three months and six months since the Muhurat trading in November 2024. The Nifty Smallcap 250 index plunged 13.1% and 14.4% in the same periods, respectively.