HDFC Bank Slips During Diwali Muhurat Trading As Broader Markets Open Higher

Shares of HDFC Bank dipped during the Diwali Muhurat trading session on Sunday, November 8, giving up their early gains as the special live session drew to a close. The stock traded 0.32 percent lower at 784.50 rupees per share on the Bombay Stock Exchange with a market value of 12,10,672.68 crore rupees at 3:24 pm. During the session, the private bank stock touched an intraday high of 795 rupees and a low of 783.20 rupees. This drop happened as the Nifty Bank index fell 0.27 percent by late afternoon. Other lenders like Federal Bank, IndusInd Bank, Punjab National Bank, Bank of Baroda, Union Bank, Axis Bank, AU Bank, IDFC First Bank, ICICI Bank, and State Bank of India also joined the list of laggards. Despite this short-term dip, HDFC Bank shares had seen strong gains over the past week, jumping 13.32 percent in seven days and 13.35 percent in two weeks, though the stock remains down 20.82 percent for the year 2026.

Broader Market

Meanwhile, the wider equity market started the Samvat 2083 Hindu calendar year on a positive note. The 30-share BSE Sensex jumped 401.80 points to 81,406, while the NSE Nifty climbed 79.15 points to 25,109.40. According to The Hindu - Business, major blue-chip firms like Sun Pharma, Tata Steel, Adani Ports, Maruti, and Bharat Electronics led the gains during the auspicious one-hour trading window.

Context

Muhurat trading is a brief, symbolic stock market session held every year on Diwali to mark the start of the Hindu Samvat calendar year. Investors and traders consider this special hour auspicious for financial growth and prosperity. While regular market sessions run for six hours on normal weekdays, this holiday window operates for a much shorter duration.