Tata Steel, Sun Pharma among top gainers in Muhurat Trading session
Benchmark indices Sensex and Nifty 50 opened higher during the special Diwali trading session on Sunday.
The NSE Nifty 50 and BSE Sensex opened in positive territory during the special Muhurat Trading session on Sunday, November 8. According to Business Today, the gains extended the domestic indices' winning streak to eight consecutive sessions.
As of the session, the Sensex was up 321.29 points, or 0.40 per cent, to trade at 81,349.31, while the Nifty climbed 73.15 points, or 0.29 per cent, to reach 25,103.50. The 70-minute session, held on the occasion of Diwali Laxmi Pujan, is considered auspicious by investors as it marks the start of the Hindu financial year, Vikram Samvat.
Tata Steel, Sun Pharmaceutical Industries, BSE Ltd, Tata Motors Passenger Vehicles (TMPV), and UltraTech Cement were among the top performers, with some stocks rising up to 4.68 per cent. Mint reported that Tata Steel surged 2.5 per cent to ₹191 after reporting a consolidated net profit of ₹3,700 crore for the September quarter, which was a more than 16 per cent increase compared to the previous year.
Ajit Mishra, SVP (Research) at Religare Broking, noted that the Nifty has reclaimed the 25,000 mark. He suggested the index could move towards the 25,200 to 25,600 range in upcoming sessions, while the 24,200 to 24,500 zone would act as support.
The markets will resume regular trading on Monday, November 9. However, the exchanges will remain closed on Tuesday, November 10, for Diwali Balipratipada.