Sensex and Nifty open higher in special Muhurat trading session
Benchmark indices rose during the auspicious Sunday session marking the beginning of Samvat 2083.
The BSE Sensex and NSE Nifty opened higher during the special Muhurat trading session on Sunday, November 8, to mark the beginning of Samvat 2083. According to Business Today, the session was held on the occasion of Diwali Laxmi Pujan.
The Sensex rose by 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 Economic Times reported that the Sensex rose 320 points at the opening bell, while the Nifty moved above 25,100.
Tata Steel, Sun Pharmaceutical Industries Ltd, BSE Ltd, Tata Motors Passenger Vehicles Ltd, and UltraTech Cement were among the top gainers. Mint reported that Tata Steel was the top performer, surging 2.5 per cent to ₹191 per share following a reported 16 per cent year-on-year rise in consolidated net profit for the September quarter.
The special 70-minute trading session was scheduled to remain open until 3:30 pm. The session marks the start of the Hindu financial year, which investors consider auspicious for prosperity.
Domestic equity markets will resume regular trading on Monday, November 9. However, the stock exchanges will remain closed on Tuesday, November 10, for Diwali Balipratipada, according to Business Today.