Key Points
Domestic market benchmarks Nifty 50 and Sensex clocked healthy gains on Muhurat Trading on Diwali 2023 on Friday, November 12..
Nifty 50 closed 100 points, or 0.52 per cent, higher at 19,525.55 while the Sensex ended at 65,259.45, up 355 points, or 0.55 per cent..
The BSE Midcap index rose 0.67 per cent while the Smallcap index clocked a robust gain of 1.14 per cent..
"Amid a volatile global landscape, India remains in a favourable position for growth, which will be a significant driving force behind Indian equities in the foreseeable future. The improvement in the balance sheet strength of corporate India and the much-improved health of the Indian banking system are other positive attributes..
Sunil Shah, director at Kambatta Securities said Indian equities may outperform most other global markets in the face of continued geopolitical uncertainties and relatively higher domestic economic growth..
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