Indian Stock Markets Open Samvat 2083 with Positive Gains During Diwali Muhurat Trading

Market Opening

Indian stock markets opened on a positive note during the special Muhurat trading session on Sunday, November 8, marking the beginning of Samvat 2083. The Sensex rose over 400 points, while the Nifty 50 moved further above the 25,000 mark. The Sensex opened 271 points higher at 81,299.34, and the Nifty 50 began the session 40 points up at 25,070.45. Buying momentum later lifted the Sensex to an intraday high of 81,442.11, up 414 points, while the Nifty 50 climbed 101 points to touch 25,131.85. Broader markets traded higher, with smallcap stocks outperforming the frontline indices. The Nifty Midcap 100 rose 0.07%, while the Nifty Smallcap index advanced 0.7%.

Gainers And Losers

Tata Steel, Sun Pharma, Adani Ports, Maruti Suzuki and Bharat Electronics were among the top gainers on the Sensex. Mahindra & Mahindra, Infosys, Larsen & Toubro, IndiGo and NTPC featured among the leading laggards. All sectoral indices opened in the green, with Nifty Metal and Nifty Pharma jumping more than 1% each to lead the gains. The special session ran from 2:20 pm to 3:30 pm, coinciding with Lakshmi Puja and marking the start of the new Hindu accounting year.

Context

Muhurat trading is an age-old Indian stock market tradition held on Diwali where investors make token investments for the new Hindu calendar year, Samvat. Because the session is short and symbolic, trading volumes are typically lower than on regular business days.