New Delhi New Delhi: The Hindu calendar year Samvat 2081 has had a great start for Indian stocks. The Sensex closed 0.4 percent higher at 79,688 points, while the Nifty closed 0.4 percent higher at 24,300 points, recovering from two days of losses. All sectoral indices opened in the green and continued to move higher during muhurat trading, with only Nifty IT closing marginally lower by 0.02 per cent. Benchmark indices surged during the one-hour muhurat trading session on Diwali evening, marking a positive start for investors. The exchange platforms – Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) – were open for trading from 6.00 pm to 7.00 pm, marking the beginning of Samvat 2081. The pre-market session started at 5.45 pm.
Muhurta trading sessions generally cover all market segments including Equity, Commodity Derivatives, Currency Derivatives, Equity Futures & Options (F&O) and Securities Lending & Borrowing (SLB). However, the tradition of muhurat trading has been around for a long time, with the belief that investments made during this auspicious time bring good returns. Apart from this, many people buy precious metals like gold and silver, real estate, electronic items and automobiles etc. on this auspicious day. Typically, trading volumes are high on exchanges because there are so many orders placed everywhere. Last year, the benchmark stock index had surged significantly during the stipulated one-hour period, taking a shine to investors' fortunes. Data shows that over the years the number of investors has been increasing during this one hour special trading and also in general.
Comments are closed.