Connect with us

Hi, what are you looking for?

[t4b-ticker]
Home » Business » Sensex, Nifty Tick Higher As Samvat 2078 Begins On Auspicious Note

Business

Sensex, Nifty Tick Higher As Samvat 2078 Begins On Auspicious Note

Reversing its two-session sliding streak, the 30-share BSE Sensex climbed 295.70 points or 0.49 per cent to close at 60,067.62.

Bombay Stock Exchange building illuminated on the occasion of 'Laxmi Poojan', in Mumbai, Thursday, Nov. 4, 2021. (PTI)

Mumbai: Domestic equity benchmarks mustered smart gains on Thursday as investors built up fresh positions in the special Muhurat trading session to mark the beginning of Hindu Samvat year 2078.

Reversing its two-session sliding streak, the 30-share BSE Sensex climbed 295.70 points or 0.49 per cent to close at 60,067.62.

On similar lines, the broader NSE Nifty advanced 87.60 points, or 0.49 per cent, to finish at 17,916.80.

In the Sensex kitty, prominent gainers were M&M, ITC, Bajaj Auto, L&T, Kotak Bank, Sun Pharma and Nestle India, spurting as much as 2.87 per cent.

In contrast, ICICI Bank, UltraTech Cement, Asian Paints, and Dr Reddy’s closed in the red, shedding up to 0.43 per cent.

Brokers said buying activity gathered pace as investors opened their new books on the first session of Samvat 2078.

The excise duty cut on petrol and diesel added to the festive cheer, they said.

Global equities hovered near record peaks even after the Federal Reserve announced that it would trim its asset purchases by USD 15 billion a month from November, with investors taking heart from the US central bank’s assurance that it was in no rush to raise rates.

Barring metal, all BSE sectoral indices finished in the green, led by auto, consumer discretionary goods, capital goods, industrials and FMCG.

A similar trend was seen in the broader markets, with the BSE small-cap index jumping 1.36 per cent and the mid-cap gauge gaining 0.73 per cent.

Advertisement. Scroll to continue reading.

Domestic markets conduct a special one-hour Muhurat trading session on Diwali every year to mark the beginning of the traditional Hindu calendar year, called ‘Vikram Samvat’.

In the previous Samvat 2077, the BSE Sensex rallied 16,133.94 points or 36.97 per cent, while the Nifty soared 5,048.95 points or 39.50 per cent.

The BSE and NSE will remain closed on Friday (November 5) on the occasion of ‘Diwali Balipratipada’.

Meanwhile, foreign institutional investors (FIIs) net sold shares worth Rs 401.48 crore on Wednesday, while domestic institutional investors bought to the tune of Rs 195.55 crore, as per exchange data.

Read Full Article

Spotlight

Entertainment

For the unversed, if Idris lands the part he will become the seventh actor to play Bond as part of the franchise - following...

Videos

India celebrated the 125th birth anniversary of Netaji Subhash Chandra Bose today. On this occasion, PM Narendra Modi unveiled a hologram statue of the...

Videos

Thounaojam Niranjoy Singh has created a new Guinness World Record for most push-ups in a minute. The 24-year-old did 109 push-ups in a minute....

Lifestyle

A new study analyses how students learn when they double the speed of class videos.

India

The expedition will inspire and motivate women of all age groups to include fitness activities in their daily lives to stay healthy.

You May Also Like

India

The charges spell that Mustafa was booked for promoting enmity between different groups on grounds of religion, race and others.

Entertainment

On January 21, Meat Loaf's official Facebook page confirmed that the singer had passed away but did not reveal his cause of death. He...

India

The hologram statue will be powered by a 30,000 lumens 4K projector. An invisible, high gain, 90 per cent transparent holographic screen has been...

India

CM Mamata Banerjee requests Center to declare January 23 as National Holiday so that citizens can pay homage to great freedom fighter.

Advertisement