Shine in the small midcap sector in Muhurat Trading during the last 10 to 9 years
Ahmedabad. 14 November 2020, Saturday
Vikram Samvat has bid farewell to the stock market in the year 207 by setting new records amidst the adversities of the Koro epidemic. All eyes are on the momentary trading in the stock market this evening with new rays of hope. If we look at the data of past muhurat trading, the smallcap-midcap sector has shown a superior performance than the Sensex during muhurat trading during the last 10 out of 10 years.
If we look at the data of the last 10 moments of the trading session, the Sensex has given a positive return six times out of 10. If we talk about the days after Muhurat trading, it has improved by half a per cent in the next three days and 0.5 per cent in the next three sessions. However, a positive trend has been observed 3 times out of an average of 10 times.
On the other hand, if we look at the trading activity of the smallcap-midcap sector on the other hand, the midcap index has improved by one per cent three times out of 10. On the other hand, the smallcap index has improved eight times out of 10 by one to one and a half per cent. Thus, overall, the small-midcap sector has outperformed the Sensex.
Speaking of the Nifty index, the Nifty has adopted a positive trend six times out of 10 during the current trading session. So four times this day the Nifty has closed negative. The best return on the day of Muhurat Trading was in the year 2016.
The muhurat trading session in the stock market is one hour long, in this one hour session most people stay away from selling. The important thing is that in this short session, most of the work is done locally. As foreign investors stay away from this trading session, the trading routine in the market on this day is much shorter than the day before.
It may be mentioned here that in the last six months of Vikram Samvat 207, the Sensex has risen 3 per cent from its March low. Thus, the Sensex has risen 11 per cent in the record year of 202 overall.
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