Share market ends in green during Muhurat trading
Although the Indian stock markets are closed on Saturday, but today the market was open for some time on the occasion of Diwali. Actually, Muhurat trading session is organized on the Indian stock market on the day of Diwali. On the day of the beginning of Samvat year 2077, the Bombay Stock Exchange index rose by 381 points to its all-time high at the start of special Muhurat trading on Saturday.
Market opened at 6.15 pm
In the first few minutes of trading, the Bombay Stock Exchange index, based on 30 stocks, rose by 380.76 points, or 0.88 percent, to a height of 43,823.76 points. Similarly, the NSE Nifty index of the NSE was up 117.85 points or 0.93 percent to its new record high of 12,808.65 points. Actress Athiya Shetty was present during the ‘Muhurta Trading’ Ceremony on the Bombay Stock Exchange.
In BSE, indices of almost all sectors including telecom, capital goods, industrial and finance sector were in profit. Traders and investors opened their new ledger accounts on the first trading session of Samvat 2077. The major gainers in the Sensex included Bajaj Finserv, IndusInd Bank, Tata Steel, Bharti Airtel, L&T, Axis Bank and ITC. These grew by 1.93 percent.
However, shares of NTPC, PowerGrid and Nestle India fell as much as 0.77 per cent. According to market data, foreign institutional investors (FIIs) bought shares worth Rs 1,935.92 crore on Friday, while domestic institutional investors Sold shares worth 2,462.42 crore rupees.as per provisional exchange data.
What is Muhurat Trading
Traders worship Goddess Lakshmi on the day of Diwali and do not stop their work on this day and start new business. It is believed that on the auspicious day of Diwali, the beginning of any business can turn into a profit throughout the year. The Hindu accounting year Samvat begins with Diwali and businessmen worship their books on this day. Broker Muhurat in the stock market also worships the books before trading, which is called Muhurat trading.
