New Delhi: After Diwali, the Indian stock market witnessed a boom during Muhurat trading, which brought smiles to the faces of investors. Due to the recent decline in October, investors did not have much expectations from the market, but after Diwali, trading started with gains in both Sensex and Nifty. During Muhurat trading, the Sensex rose by 435 points to reach 79,823, while the Nifty was trading at 24,316, up 111 points.

At what point did the Sensex close?

Let us tell you that at the end of this special one-hour trading session, the Sensex closed at 79,724 with a jump of 335 points, while the Nifty closed at 24,299 with a gain of 94 points. Due to this rise, the market cap of BSE increased by about Rs 4 lakh crore, due to which investors made huge profits in this one hour. At the same time, as soon as the market opened, Mahindra & Mahindra, Tata Motors, NTPC, BEL, and Eicher Motors gained in the Nifty-50 stocks, which were among the initial top gainers. On the other hand, Adani Group stocks had a mixed trend, where Adani Enterprises shares saw selling, while Adani Power and Adani Energy shares remained on the rise. Similarly, Reliance Industries shares were also trading with slight gains.

What is the importance of Muhurat Trading?

Muhurat trading is the trading done in the Indian stock market on the special occasion of Diwali. In India, Diwali is seen as the beginning of the new financial year and investors trade during this time considering it a symbol of prosperity. Despite its symbolic importance, investors use this session to diversify their portfolio and consider it a symbol of future success.

How was the performance in the last one year

In the past year, Nifty has given a return of about 25% and Sensex has given a return of about 23%, while the midcap and smallcap indexes have also performed well, giving a return of up to 47%. If we look at the history of Muhurat trading in the last 17 years, the BSE Sensex has seen a rise 13 times. The biggest rise was seen in 2008, when the Sensex closed at 9,008, up 5.86%.