Diwali Muhurat Trading 2024: Nifty, Sensex Rebound As M&M,ONGC Lead In Samvat 2081 Session
The Nifty 50 and Sensex ended 0.39% and 0.42% higher, respectively in special trading session for Diwali 2024.
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Nifty, Sensex Snap Two–Day Fall In Diwali Muhurat Trade 2024 Session: Market Wrap
The NSE Nifty 50 and BSE Sensex rebounded from two–day decline in an annual special trading session for the occasion of Samvat 2081. Mahindra & Mahindra Ltd., and Oil Natural Gas Corp Ltd. shares contributed to the Nifty 50 index.
The Nifty 50 ended 0.39% or 94.20 points higher at 24,299.55, and the Sensex ended 0.42% or 335.06 points higher at 79,724.12.
During the session, the Nifty 50 rose as much as 0.67% to 24,368.25, and the Sensex jumped 0.80% to 80,023.75.
Motilal Oswal Financial Services expects this range-bound move to continue with an increase in volatility as we enter an eventful week. Investor’s focus would remain on the ongoing result season as several index heavy-weights are set to announce their quarterly results next week, said Siddhartha Khemka, head, research, wealth management,
Mahindra & Mahindra Ltd., Oil and Natural Gas Corp Ltd., Axis Bank Ltd., and Reliance Industries Ltd. added to the index.
HCLTech Ltd., Infosys Ltd., Tech Mahindra Ltd., Britannia Industries Ltd., and ICICI Bank Ltd. limited gains in the Nifty 50 index
Top contributors to the Nifty 50 index.
On NSE, in the special Diwali muhurat trading session, 11 sectors ended higher, and one ended lower out of 12.
Sectoral indices ended higher on NSE
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.69% and 1.16% higher, respectively.
On BSE, all 21 sectors ended higher in the short trading session for samvat 2081. The BSE Auto index ended with the most gains, while the BSE Focused IT with least gains.
Market breadth was skewed in favour of buyers. Around 3,036 stocks advanced, 542 stocks declined, and 70 stocks remained unchanged on BSE.
Stock Market Live Updates: NCC Share Price Jumps Over 6% In Muhurat 2024 Trade Session
NCC Ltd. share price rose as much as 6.41% to Rs 317.45 apiece, the highest level since Sept 13. The stock gained as the company informed the exchanges that it has received Rs 3,496 crore order in October.
Diwali Muhurat 2024 Trading Live: Earnings To Remain A Concern, Says Avendus Capital's Holland
The second quarter earning season has been dismal, which is a concern. The revenue growth of corporates is not really picking up. The margins are under pressure. So, Indian Inc had a great run over the last few years, said Andrew Holland, chief executive officer, Avendus Capital
With the valuation where it is, there is no room for slippage. Holland is not getting a good sense across sectors that things are going to pick up in the second half, Holland added.
Diwali Muhurat 2024 Trading Live: Gold Prices Are Likely Keep On Gaining
The price of gold has appreciated by 28.80% according the India Bullion Association. The appreciation that the commodity is higher than the appreciation that equities have reported.
The outlook on the commodity to be held as an asset also seem positive according to experts. Read more about Gold price outlook for 2025 here.
Nifty, Sensex Rebound From Two–Day Decline In Samvat 2081 Session: Opening Bell
The NSE Nifty 50 and BSE Sensex rebounded from two–day decline at open of special trading session on the occasion of Diwali 2024. Mahindra & Mahindra Ltd. and HDFC Bank Ltd. share prices added to the gains in the benchmark index.
As of 6:05 p.m., the Nifty 50 was trading 0.56% higher at 24,341.50, and the Sensex was trading 0.57% higher at 79,849.60.
Mahindra & Mahindra Ltd. HDFC Bank Ltd., Axis Bank Ltd., NTPC Ltd., and ITC Ltd. added to the Nifty 50 index.
Grasim Industries Ltd., Sun Pharmaceutical Industries Ltd., and Britannia Industries Ltd. weighed on the index.
Top contribution to the Nifty 50 index.
On NSE, all 12 sectors opened higher with the NSE Nifty Realty rising the most.
Sectoral Indices open higher at NDTV Profit