Sensex rally after Muhurat may depend on earnings and foreign buying
In short
The Sensex has gone up in the week after Muhurat in almost two-thirds of the last 30 years. The report says this year’s rally may continue if earnings and foreign buying stay strong.
This matters for stock market investors because the next direction of the Sensex may depend on company results and overseas money flows.
What the reporting says
The Sensex has risen in the week after Muhurat in almost two-thirds of the past 30 years, according to the Mint Markets summary. The report said earnings and foreign buying will decide whether this year’s rally has more room to run. The note frames the market’s next move as dependent on support from profits and overseas flows.
Why it matters
The Sensex’s post-Muhurat pattern is in focus, with the market having gained in the week after Muhurat in almost two-thirds of the past 30 years. The report says this year’s rally will likely hinge on earnings and foreign buying. That puts large-cap Indian equities in focus, especially if results and foreign flows continue to support sentiment.