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High Impact

Muhurat Trading 2026: Finolex Cables Jumps 17% As Samvat 2083 Begins. These Stocks Are Also Rallying

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🏷Markets
📰via Mohammed Uzair Shaikh
✍️Edited by Luís Barata

Finolex Cables shares rose about 17% during the Muhurat trading session, a one-hour special session that Indian exchanges hold on Diwali to mark the start of the Hindu Samvat 2083 calendar year, with several other stocks also advancing. The move reflects the ceremonial nature of the session, where a symbolic rally often attracts retail participation and momentum buying in a thinly traded window that can exaggerate price swings in small and mid-cap names. Stocks with concentrated retail ownership and limited free float tend to be most exposed, since modest order flow can move prices sharply when institutional liquidity is absent. Traders should note that gains in such a compressed session frequently do not persist into regular trading, so the sustainability of the rally will depend on whether volumes and fundamentals carry into the next full session. The key near-term catalyst is the regular Samvat-year trading resumption and the follow-through volume in the days that follow.

Source: Originally reported by Mohammed Uzair Shaikh at November 08, 2026. Summary and market context by Trading News Terminal editorial.

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