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Indian markets got off to a strong start at Samvat 2077, with benchmark indices climbing to their new closing highs in the Muhurat trading session on Saturday.
Among the major indices, the S&P BSE Sensex ended the session 195 points, or 0.45 percent, higher at 43,638. Intraday, the index reached a record high of 43,830.93. The broader Nifty50 index closed at 12,771, up 51 points. Bharti Airtel, Tata Steel, and Sun Pharma (all up 1%) were the top winners from Sensex. Overall, 26 out of 30 Sensex members finished the session in the green.
On the NSE, a total of 1,391 shares ended up with gains, while 397 shares were down.
Shares of Tata Steel rose 3 percent to Rs 499 on the BSE after performing strong in India with market leading volume growth and strong cash flow generation during the September quarter (Q2FY21). READ MORE
All of the Nifty industry indices closed higher, led by the Nifty IT Index, up half a percent.
The market overall outperformed the benchmark indices, with the S&P BSE MidCap and SmallCap indices rising 0.6% and 0.8%, respectively. Intraday, the S&P BSE Midcap Index reached a 52-week high of 16,028, 1% higher than the BSE, surpassing its previous high of 15,931, touched on February 12, 2020. READ MORE
MARKET HOLIDAYS
The markets will be closed on Monday because of Diwali-Balipratipada.