Muhurat trading sees bullish start for Indian equity markets

Mumbai: Indian equity markets kicked off the new Samvat year 2082 on a strong note during the special Muhurat trading session on Tuesday, buoyed by buying in banking and IT stocks amid a positive global market trend.

Market Highlights:

The BSE Sensex opened firm, rising 186.07 points (0.22%) to settle at 84,549.44.

The NSE Nifty 50 also advanced 53.40 points (0.21%), closing at 25,896.55.

Among the Sensex shares, Infosys, Tata Motors, Axis Bank, Adani Ports, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro, Tata Steel, BEL and Power Grid were among the lead gainers.

Kotak Mahindra Bank, ICICI Bank, Bharti Airtel, Asian Paints, Bajaj Finserv, and Titan were among the laggards.

Broader market performance:

BSE MidCap index gained 162.73 points (0.35%).

BSE SmallCap surged 511.25 points (0.96%).

All sectoral indices traded in the green, with Industrials, Information Technology, and Services leading the gains.

Asian markets closed higher. Shanghai's Composite benchmark increased by 1.36 per cent, Hong Kong's Hang Seng index climbed 0.77 per cent, South Korea's Kospi went up 0.24 per cent, and Japan's benchmark Nikkei 225 rose 0.15 per cent.

The US markets ended on a strong note in overnight deals on Monday.

On Monday, the 30-share BSE Sensex jumped 411.18 points to close at 84,363.37, while the 50-share NSE Nifty surged 133.30 points to settle at 25,843.15.

What is Muhurat trading?

Muhurat trading is a special one-hour symbolic trading session held on Diwali, marking the beginning of the Hindu New Year. Considered highly auspicious, many investors use this time to make fresh investments or begin new ventures.