India’s special Diwali Muhurat trading session ended with small losses for the main indices, while smaller companies advanced. Nifty closed at 24,986.40 points and Sensex at 80,999.40. The Smallcap 100 index gained 1.01 per cent. Pharmaceutical, healthcare and media shares rose during the session marking the beginning of Samvat 2083, the Hindu accounting year.
India’s main stock indices finished the special Diwali Muhurat session lower. Nifty 50 lost 43.95 points, or 0.18 per cent, to 24,986.40. Sensex fell 28.62 points, or 0.04 per cent, to 80,999.40. The special trading session lasted 70 minutes and marked the beginning of Samvat 2083 in the Hindu accounting calendar.[1], [2]
Nifty Midcap 100, which tracks midsized companies, gained 0.13 per cent to 60,688.15. Nifty Smallcap 100 rose 1.01 per cent to 19,166.40. Pharmaceutical shares advanced 1.74 per cent, media gained 1.71 per cent and healthcare rose 1.48 per cent. India VIX, the indicator of expected market volatility, increased 5.38 per cent to 18.41 during the same session.[1]
Real estate shares fell 0.65 per cent, the largest sector decline. Private banks lost 0.39 per cent, information technology fell 0.33 per cent and public-sector banks declined 0.32 per cent. Among Sensex companies, Sun Pharmaceutical gained 2.96 per cent and Tata Steel rose 1.88 per cent. Mahindra & Mahindra fell 0.92 per cent, while InterGlobe Aviation declined 0.88 per cent.[1]
