Banking Stocks Rally Ahead of Scheduled Diwali Muhurat Session
According to NDTV, banking and financial services stocks rallied on as the National Stock Exchange and Bombay Stock Exchange announced a one-hour Diwali Muhurat trading session scheduled for November 8. The exchanges will open for the session from pm to pm, with a pre-opening period from pm, despite the day being a regular market holiday. The one-hour session marks the start of the Hindu financial year Samvat 2083, and analysts, as noted by The Economic Times, urged investors to focus on selective, quality-focused stocks.