Sensex rises by 354 pts, Nifty closes above 19,500 in Mahurat session

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Sensex rises by 354 pts, Nifty closes above 19,500 in Mahurat session

MUMBAI: Benchmark inventory indices Sensex and Nifty closed larger by greater than half a per cent within the particular Mahurat buying and selling session on Sunday pushed by across-the-board shopping for by traders. The 30-share BSE Sensex rose by 354.77 factors or 0.55 per cent to shut at 65,259.45 with 28 of its elements settling within the inexperienced on the primary buying and selling session of Samvat 2080.
The broader Nifty50 of the Nationwide Inventory Change superior 100.20 factors or 0.52 per cent to settle at 19,525.55 led by good points in IT, infra and power shares. As many as 43 Nifty50 shares led to inexperienced whereas seven in purple.
Muhurat buying and selling is a one-hour, symbolic buying and selling session carried out by Indian inventory exchanges on Diwali, a Hindu pageant thought-about auspicious for brand spanking new beginnings, together with investments.
Patrons flooded Dalal Avenue on the special day of Diwali, propelling benchmark indices larger regardless of the decrease quantity, marking a robust begin to Samvat Yr 2080.
Buyers’ wealth soared by over Rs 2 lakh crore, as mirrored within the complete market capitalization of BSE-listed corporations.
Throughout the Samvat yr 2079 ended on Friday, the BSE Sensex jumped 5,073.02 factors or 8.47 per cent, whereas the Nifty climbed 1,694.6 factors or 9.55 per cent.
Among the many Sensex shares, Infosys rose probably the most by 1.41 per cent, adopted by Wipro (0.88 per cent), Asian Paints (0.78 per cent), and TCS (0.77 per cent).
HDFC Financial institution, ICICI Financial institution, Reliance Industries, ITC, Kotak Financial institution, Asian Paints, NTPC and Titan have been among the many lead gainers.
Ultratech Cement and Solar Pharma have been the one losers amongst Sensex companies.
Broader markets additionally superior with the BSE MidCap gaining 0.67 per cent and BSE SmallCap by 1.14 per cent.
All of the sectoral indices closed with good points.
International Portfolio Buyers (FPIs) promoting spree continued as they dumped Indian fairness price over Rs 5,800 crore this month to date on rising rates of interest and geopolitical tensions within the Center East.