New Delhi: The benchmark indices BSE and NSE conducted over an hour of Mahurat trading on Wednesday on the occasion of Diwali. Diwali 2018 also marks the beginning of Vikram Samvat 2075, the new year according to the Hindu calendar. Mahurat trading is traditionally done for around an hour on Diwali day to mark the beginning of the new year. The Sensex has gained in 10 of the last 13 sessions of Mahurat trading since 2005.
The trend remains unbroken this year with markets closing about 0.70 per cent higher. The Sensex ended 246 points up at 35,238. The Nifty rose 68 points and closed around the 10600-mark – the best gain in a decade.
Most of 30-index BSE stocks ended higher. Mahindra and Mahindra (M&M) rose over 2 per cent to Rs 795 on the BSE, while Tata Motors gained 1 per cent to Rs 195. Infosys rose 1.5 per cent to Rs 677. Companies like Bharti Airtel and Axis Banks were least preferred as they ended on a range-bound (0.08% to 0.34%) negative note.
The market breadth was positive as 1,925 shares advanced, 439 declined, while 130 shares were unchanged.
On the Nifty the FMCG stack generated keen interest. The share price of Procter & Gamble Hygiene and Health Care touched an intra-day high Rs 9850 – and those invested in P&G could have made a killing of Rs 371 per share. Among sectors, automobile, banks, consumption, IT and metals were the top gainers, while in the midcaps space, the Nifty Midcap index ended almost a percent higher.
On Tuesday, which was also the last trading session of Vikram Samvat 2074, the Sensex finished at 34,991.91 above 40.99 points or 0.12%, while the Nifty 50 retained its over 10,500-mark, and completed at 10,530 above 6 points or 0.06%.
The markets will remain closed tomorrow (Thursday, November 8) on the occasion of Diwali Balipratipada.
(With inputs from Agencies)