Markets▲ Positive
Sensex up 6,064 pts in six days; eyes strongest pre-Diwali rally in 35 yrs
NSE is in focus.
· Business Standard Mkts
The BSE Sensex and NSE Nifty rallied 8.3% and 8.1% in the last six trading sessions, and are on course to log the best 7-day pre-Diwali rally since the inception of Muhurat trading on the NSE in 1992.
The analysis
NSE reported movement of 8.3% and 8.1%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- With NSE, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- A market-wide development: it reaches beyond any single stock.