The Indian equity markets closed slightly higher on Tuesday during the special Muhurat trading session, marking the start of Vikram Samvat 2082, the new year in the Hindu calendar, and symbolising prosperity and fresh beginnings for investors.
The Sensex gained 62.97 points (0.07%) to close at 84,426.34, while the Nifty 50 rose 25.45 points (0.10%) to finish at 25,868.60.
Market analysts stated, “Despite lighter volumes and bouts of mild profit booking, the index maintained its footing well above key short-term supports, underscoring firm underlying momentum and continued investor confidence.”
“Technically, the structure remains bullish as long as Nifty sustains above 25,800, with 25,750 acting as immediate support. On the downside, 25,600–25,500 serves as a key support band, while a decisive breakout above 26,000–26,300 could lead to fresh lifetime highs,” they further noted.
The Bank Nifty index, however, slipped slightly by 26 points (0.04%) to 58,007.20, even as the broader market extended its upward trend for a fifth straight session amid positive global cues.
Top gainers on the Sensex included Bajaj Finserv, Infosys, Axis Bank, Tata Steel, Power Grid, and Bajaj Finance, while Kotak Mahindra Bank, HCL Technologies, ICICI Bank, Maruti Suzuki, and Asian Paints were among the key laggards.
In the broader indices, the NSE Midcap 100 rose 0.11%, and the Nifty Smallcap 100 climbed 0.52%, showing continued interest in mid and small-cap stocks.
Sector-wise, Auto, IT, Metal, Pharma, Energy, and Oil & Gas indices posted mild gains, while Bank, PSU Bank, and Realty sectors ended marginally lower.
All major exchanges, BSE, NSE, MCX, and NCDEX, participated in the special one-hour session, which included a block deal window from 1:15 PM to 1:45 PM, followed by a pre-open and Muhurat trading phase between 1:45 PM and 2:45 PM.
Experts said the Muhurat session sets a positive tone for the new Samvat year, highlighting optimism and resilience in India’s markets despite ongoing global economic challenges.
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