Stock Market LIVE Updates: Dalaal Street To Start The Day On A Muted Trend, Gift Nifty Trading Flat
Stock Market LIVE Updates: Here’s a fun fact for you to start the day today!
Did You Know? Muhurat Trading in India Is a Festive Stock Market Tradition
Every year on Diwali, India’s stock market does something special, it opens for just one hour in the evening for what’s called Muhurat Trading.
Why? Because Diwali isn’t just about sweets, lights, and celebrations, it also marks the Hindu New Year. Many investors believe that trading during this time brings luck, prosperity, and positive energy for the year ahead. Even if it’s just one share, people love to make a small, symbolic buy.
The atmosphere is totally different from regular trading. Offices are decorated, traditional prayers like Lakshmi Puja (a prayer to the goddess of wealth) are performed, and there’s a real sense of celebration in the air.
And guess what? The market often ends the session in the green, thanks to all the optimism.
Yes, the Indian stock market actually celebrates Diwali!
Lets Dive Into The Charts Now!
Indian rupee closed lower at 88.79 against the US dollar (from 88.67 on Monday).
Nifty slipped below 25,150 points.
Sensex dropped around 300 points.
Selling pressure across all sectors.
BSE Midcap and Smallcap indices down by 0.5% each.
Pharma, consumer durables, metal, media, and PSU bank sectors down about 1%.
Major Nifty losers: Tata Motors, Dr. Reddy’s Laboratories, Bajaj Finance, Bharat Electronics, JSW Steel.
Gainers included Max Healthcare, Apollo Hospitals, Tech Mahindra, Wipro, and HCL Technologies.
Market impacted by both global and domestic factors.
Sensex closed at 81,958.98, down by 368.07 points (0.45%)
Nifty closed at 25,122.75, down by 104.60 points (0.41%)
Sensex and Nifty ended the trading session lower, with Sensex dropping 0.45% and Nifty falling 0.41%, reflecting cautious investor sentiment amid ongoing market uncertainties and global economic concerns.
This special market session during the Diwali festivities is considered super lucky in India, a tradition that has been always there. Before there was internet, the trader and broker community used to go in the office of BSE and NSE for this auspicious trading session.
At 2:33 PM, Sensex and Nifty indices experienced a minor decline, dropping 0.26% and 0.23% respectively, reflecting cautious market sentiment amid ongoing global and domestic developments.
Oil India signed a 15-year firm Gas Sale and Purchase Agreement (GSPA) with NEEPCO.
Agreement covers the supply of 1.4 MMSCMD of natural gas to NEEPCO’s Assam Gas Based Power Station (AGBPS) at Bokuloni, Assam.
Mechanical completion announced for the upgradation of the Numaligarh–Siliguri Product Pipeline (NSPL).
Pipeline capacity increased from 1.77 MMTPA to 5.5 MMTPA.
Upgrade strengthens Oil India’s midstream infrastructure to manage increased product flows from Numaligarh Refinery.
