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Muhurat trading: Sensex, Nifty start Samvat 2070 on positive note

Muhurat trading: Sensex, Nifty start Samvat 2070 on positive note

While the Sensex settled at a historic high of 21,239.36 after rising 42.55 points, the Nifty also recorded a fresh all-time closing high of 6,317.35 after a gaining 10.15 points.

PHOTO: Reuters PHOTO: Reuters
The Samvat 2070 heralded on a positive note as the BSE Sensex surged 43 points to end at a new peak of 21,239.36 while Nifty also logged its all-time closing high of 6,317.35, extending gains for the fifth straight trading session.

Though there was no usual trading on Sunday, a special 'Muhurat' trading session is permitted on the stock markets for a limited period - from 6.15 pm to 7.30 pm - on account of Diwali-Balipratipada.

Sensex, the 30-share index of the Bombay Stock Exchange, resumed strong at 21,278.08 and moved in a range of 21,321.53 and 21,212.31 before settling at a historic high of 21,239.36, showing a rise of 42.55 points or 0.20 per cent.

The wide-based 50-issue Nifty of the National Stock Exchange also recorded its all-time closing high of 6,317.35, surpassing its previous closing high of 6,312.45 registered on November 5, 2010. The index failed to cross its all-time intra-day high of 6,357.10 logged on January 1, 2008. Nifty touched a high of 6,342.95 intra-day on Sunday.

Buying was mainly seen across-the-board as 12 of 13 sectoral indices closed with gains between 0.1 per cent and 0.78 per cent while only bankex ended with a fall of 0.12 per cent.

Among the 30-share Sensex pack, 22 stocks closed with gains while rest of them fell. Tata Motors rose by 1.74 per cent, Jindal Steel by 1.13 per cent, Sun Pharma by 0.95 per cent, Maruti Suzuki by 0.86 per cent, Tata Power by 0.85 per cent and BHEL by 0.84 per cent while ICICI Bank eased by 0.65 per cent and M&M by 0.52 per cent.

Reflecting smart rise in second-line stocks, 1,556 stocks closed in the green while only 473 lost ground. The BSE-Midcap and BSE-Smallcap firmed up by 1.05 per cent and 1.37 per cent, outperforming the Sensex.

Foreign institutional investors (FIIs) bought shares worth a net Rs 186.95 crore on Friday, November 1, according to data from the stock exchanges.

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Nov 03, 2013, 9:44 PM IST
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