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Samvat 2075: Stock markets post best Muhurat-day gains in 10 years; key things to know

samvat 2075The Sensex gained 5.86 percent in Muhurat
trade on October 28, 2008 or Samvat 2065.

Muhurat-day trade: The benchmark equity indices — Sensex
and Nifty — posted their best Muhurat-day trading gains in 10
years on rise in stocks of automobile, consumer goods, IT and
capital goods companies. While Sensex climbed 246 points or 0.7
percent to end the session at 35,237.68 points, the Nifty rose
68 points or 0.65 percent to close at 10,598 levels on the
Diwali day. The Sensex gained 5.86 percent in Muhurat trade on
October 28, 2008 or Samvat 2065. Similarly, Nifty gained 6.35
percent on the given day.

The major contributors to the 30-share Sensex rally were
Tata
Motors, Infosys, Vedanta Ltd, Yes Bank, Bajaj Auto, ITC Ltd,
Hero MotoCorp, Maruti
Suzuki, Asian Paints, Kotak Bank, ONGC, HUL, HDFC Ltd,
NTPC, Sun Pharma, TCS, Adani Ports, Tata Steel, Wipro, Axis
Bank, HDFC Bank and Power Grid, surging by up to 1.85 percent
during the Muhurat session. The Sensex opened 309 points higher
at 35,301.88, while the broader Nifty 50 opened above the
10,600-level.

Also read: Diwali Muhurut
trading: Sensex ends 240 pts higher, Nifty just shy of 10,600;
M&M, Infosys shares rally

The Samvat 2074 remained a very volatile year with the Nifty
gaining just 4 percent and the 30-share Sensex returning about
7 percent.

The buying activity accumulated momentum as investors opened
their new books on the first session of Samvat 2075, the
brokers told PTI.

Meanwhile, on Wednesday, the Wall Street stock futures jumped
after Democrats won control of the US House of Representatives,
boosting the party’s ability to block President Donald Trump’s
political and economic agenda.

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