Finolex Cables shares jump 14% in Muhurat Trading 2026 Diwali session day - here's why | Stock up 59% YTD | Key levels

Finolex Cables shares rose 14% during the Muhurat Trading session on Diwali 2026, according to the Livemint headline, and the stock is reported to be up 59% year-to-date. The move occurred in a one-hour ceremonial session where liquidity is thin, so price gains can be amplified by a small number of orders rather than broad participation. The transmission channel here is stock-specific re-rating driven by company-level sentiment and sector positioning within Indian cable and wire manufacturing, which is tied to construction, power infrastructure, and capital expenditure cycles. Finolex Cables and other mid-cap electrical and cable names are most directly exposed, with the broader Nifty Smallcap and Midcap indices serving as secondary read-throughs for risk appetite in domestic cyclicals. Traders will watch the regular session that follows Muhurat, particularly whether the Muhurat gain holds at the next full-volume open, and any Indian government infrastructure spending announcements or quarterly volume data from cable makers that could confirm or reverse the re-rating.

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