This Diwali Onwards Expect More Fireworks From The Stock Market

While you will be reading this story, scores of people including you will be wishing others “Happy Diwali and a prosperous New Year”. However, looking at the current state of the stock markets, which have turned hyper-volatile, and with more trying times ahead, even I am uncertain about greeting people a “prosperous New Year”. There is an age-old practice at the Indian bourses to hold a special trading session on the Diwali evening called the “Muhurat Trading” which is on November 7 this time. Brokers generally undertake and execute token orders on behalf of their clients including financial institutions. Market observers say, this time, it will be interesting to watch how this session ends, when the stock markets are going through turbulent times. After peaking at the end of August 2018, the benchmark indices began witnessing correction and till date...