Diwali Special Muhurat Trading 2023: Sensex Gains 380 Points, Nifty Above 19,500 Mark

Diwali Special Muhurat Trading 2023: Sensex Gains 380 Points, Nifty Above 19,500 Mark

Muhurat trading is a one-hour, symbolic trading session conducted by Indian stock exchanges on Diwali.

PTIUpdated: Sunday, November 12, 2023, 07:07 PM IST
article-image
Bell-ringing ceremony of the muhurat trading on Sunday, November 12, 2023. | Vijay Gohil

Benchmark stock indices Sensex and Nifty rose by more than half a per cent in the opening session of special mahurat trading on Sunday driven by across-the-board buying by investors.The 30-share BSE Sensex rose by 380.86 or 0.59 per cent to 65,285.54 points with all its components trading in the green, marking a firm start of the new Samvat Year 2080.

Nifty advances 109.80 points

The broader Nifty of the National Stock Exchange advanced 109.80 points or 0.57 per cent to 19,535.15 led by gains in IT, infra and energy shares. Among the Sensex shares, Infosys rose the most by 1.37 per cent, followed by Larsen & Toubro (0.90 per cent), and Wipro (0.83 per cent).HDFC Bank, ICICI Bank, Reliance Industries, ITC, TCS, Kotak Bank, Asian Paints and Titan were among the lead gainers.Broader markets also advanced with the BSE MidCap gaining 227.43 points or 0.70 per cent and BSE SmallCap by 452.11 points or 1.18 per cent. All the sectoral indices were trading in positive territory led by industrials, IT, metal and services indices.

What is muhurat trading?

Muhurat trading is a one-hour, symbolic trading session conducted by Indian stock exchanges on Diwali, a Hindu festival considered auspicious for new beginnings, including investments. Benchmark indices Sensex and Nifty rebounded on Friday to close with marginal gains due to fag-end buying in power, utility and metal stocks amid weak global trends.

During the Samvat year 2079 ended on Friday, the BSE Sensex jumped 5,073.02 points or 8.47 per cent, while the Nifty climbed 1,694.6 points or 9.55 per cent.

RECENT STORIES

Stock Market Opening March 4: Indices In Green; Sensex At 73,920.60 & Nifty At 22,409.80

Stock Market Opening March 4: Indices In Green; Sensex At 73,920.60 & Nifty At 22,409.80

Punjab's GST Mop-Up Rises 16% To Over ₹19,000 Cr Till February

Punjab's GST Mop-Up Rises 16% To Over ₹19,000 Cr Till February

Bharat Textile Expo To Be An Annual Affair, Says AEPC Chairman

Bharat Textile Expo To Be An Annual Affair, Says AEPC Chairman

India's Used Car Market Size To Touch $100 Billion-Mark By 2034: CARS24 CEO

India's Used Car Market Size To Touch $100 Billion-Mark By 2034: CARS24 CEO

Outsourcing In Peril? BPO Employees Face Maximum Risk Of Getting Replaced By AI, Says Nasscom...

Outsourcing In Peril? BPO Employees Face Maximum Risk Of Getting Replaced By AI, Says Nasscom...