The benchmark BSE Sensex and Nifty 50 indices rose to their all-time highs on Saturday during Muhurat’s special trading session to usher in Samvat 2077. Sensex was up 280.79 points or 0.65% to close at 43,638. The 30-share index hit an intraday high of 43,830.93. Along similar lines, the broader NSE Nifty advanced 89.45 points, or 0.70%, to finish at its all-time high of 12,780.25. It touched an intraday record of 12,828.70 during the session.
All BSE sector indices finished in green.
“Indian markets breached the muhurat trading session, as is often the case, but gave up some of the gains. TI, Realty and Pharma led the gains. Volumes remained high even for the shortened session. Indices for small caps outperformed signals from the Russel 2000 index in the US which outperformed the other indices last week, “said Dhiraj Relli, chief executive officer and chief executive officer of HDFC Securities in the Muhurat trading session on Saturday.
Dhiraj Relli added: “Positive sentiments due to the recent rally, continued FPI inflows, and the impact of gains on US markets overnight led to modest gains in Indian markets. Although the trend in the muhurat trading session does not determine that for the whole year, good feeling to start on a positive note. “
Bharti Airtel, Tata Steel, Sun Pharma, Bajaj Finserv, ITC, Infosys, HDFC Bank and ONGC remained the main winners during the Muhurat session.
Only four components closed in the red: PowerGrid, Titan, UltraTech Cement and Bajaj Finance, which lost as much as 0.32%.
The BSE small-cap index rose 0.84% and the mid-cap indicator gained 0.62% during the Diwali session.
National markets hold a special one-hour Muhurat trading session on Diwali every year to mark the beginning of the traditional Hindu year, called ‘Vikram Samvat’.
In the previous Samvat 2076, the BSE Sensex gained 4,384.94 points or 11.22%, while the Nifty was up 1,136.05 points or 9.80%.
The BSE and NSE will be closed on Monday (November 16) on the occasion of ‘Diwali Balipratipada’.
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