Sensex Gains 354 Points and Nifty Ends the Mahurat Session of Diwali Above 19,500

Mumbai: During the special Mahurat trading session on Sunday, investors’ all-around buying led benchmark stock indices Sensex and Nifty to conclude more than 0.5 percent higher. On the first trading day of Samvat 2080, the 30-share BSE Sensex closed at 65,259.45, up 354.77 points, or 0.55 percent. Of its components, 28 closed higher.

The National Stock Exchange’s broader Nifty50 increased by 100.20 points, or 0.52%, to close at 19,525.55, driven by increases in shares of IT, infrastructure, and energy. Up to 43 Nifty50 equities concluded the day higher than lower, with seven down.

Indian stock exchanges hold a symbolic one-hour trading session known as “muhurat trading” on Diwali, a Hindu holiday that is said to be auspicious for beginnings, including financial ones. Samvat Year 2080 got off to a great start as buyers flocked Dalal Street on the occasion of Diwali, pushing benchmark indices higher despite the weaker volume.

Also Read : What to anticipate today for Diwali Muhurat Trading in 2023

The worth of investors increased by more than ₹ 2 lakh crore, as evidenced by the total market capitalization of companies listed on the BSE.

The BSE Sensex increased by 5,073.02 points, or 8.47 percent, and the Nifty by 1,694.6 points, or 9.55 percent, during the Samvat year 2079, which concluded on Friday. The largest increase among the Sensex shares was 1.41 percent for Infosys, which was followed by 0.88 percent for Wipro, 0.78 percent for Asian Paints, and 0.77 percent for TCS.
Among the top gainers were Asian Paints, NTPC, Titan, ITC, Kotak Bank, Reliance Industries, HDFC Bank, and ICICI Bank. The only losing Sensex companies were Ultratech Cement and Sun Pharma. Larger markets saw gains as well; the BSE SmallCap increased by 1.14 percent and the BSE MidCap by 0.67 percent.

Every sectoral index had a positive closing value.

Because of growing interest rates and geopolitical unrest in the Middle East, Foreign Portfolio Investors (FPIs) have been selling Indian equities worth over ₹ 5,800 crore this month.