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Business News/ Market / Stock-market-news/  Muhurat trading: Sensex gains 63 points; Nifty reclaims 8,000 peak
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Muhurat trading: Sensex gains 63 points; Nifty reclaims 8,000 peak

The first trading session of Samvat 2071 concludes on a positive note

Early gains were trimmed as some investors booked profits to open their books with gains on the first, special Muhurat session of Hindu Samvat 2071 year, said brokers. Photo: Hemant Mishra/MintPremium
Early gains were trimmed as some investors booked profits to open their books with gains on the first, special Muhurat session of Hindu Samvat 2071 year, said brokers. Photo: Hemant Mishra/Mint

Mumbai: The first trading session of Samvat 2071 concluded on a positive note on Thursday with the BSE Sensex rising over 63 points and the National Stock Exchange Ltd’s (NSE’s) index Nifty regaining the 8,000-mark, extending gains for the fifth straight session.

The Sensex, which had surged 787.89 points in the past four sessions, gathered another 63.82 points, or 0.23%, to close at 26,851.05.

The gauge hit the session’s high of 26,930.23 in opening trade on sustained capital inflows, amid renewed optimism after announcement of reforms in the oil and gas and coal sectors.

The Sensex gained 5,590.42 points, or 26.37%, during the entire Samvat 2070.

On similar lines, the broad-based Nifty rose 18.65 points, or 0.23%, to end at 8,014.55 after hitting a high of 8,031.75 and a low of 8,008.85 during the special session.

The rally in the Muhurat session was led by stocks of oil and gas, consumer durables, capital goods, healthcare, fast-moving consumer goods (FMCG), public sector units, realty, metal and banking.

Early gains were trimmed as some investors booked profits to open their books with gains on the first, special Muhurat session of Hindu Samvat 2071 year, said brokers.

Investors and funds were seen in a cheerful mood and picked front-runner shares as well as midcap and smallcap stocks to mark the beginning of their new accounts, they added.

The stock markets will remain closed on Friday on account of “Diwali Balipratipada" and resume regular trading on Monday, 27 October.

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Published: 23 Oct 2014, 07:03 PM IST
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