Mahurat Trading: Sensex Drops 194 Points, Nifty Ends Below 10,150
During Muharat trading, traders and investors make ceremonial purchases marking Diwali.
Mahurat trading began at the Bombay Stock Exchange at 6:.30 pm. Actor Richa Chadda was at the event.
Watch BloombergQuint’s analysis of the trading.
Opening Bell
Indian shares swung between gains and losses in an hour-long session, when traders and investors make ceremonial purchases marking the Diwali festival.
The S&P BSE Sensex declined 0.18 percent to 32,527 after opening 0.2 percent higher. The NSE Nifty 50 dropped 0.26 percent to 10,184. The market breadth, however, was encouraging with buyers outnumbering the sellers by at least 6:1.
Ten of the 19 sector gauges complied by the BSE Ltd. rose led by S&P BSE Telecom Index’s 0.7 percent rise. Meanwhile S&P BSE Finance dropped the most.
Closing Bell
Indian shares dropped in a ceremonial and shortened trading session to mark Diwali, the festival of lights.
The benchmark S&P BSE Sensex fell 0.6 percent to 32,389, losing ground for a third straight day. The NSE Nifty 50 Index retreated 0.6 percent to 10,146, declining for a second day after it closed at a record.
ICICI Bank Ltd, the nation’s third-biggest private lender by market value, dropped 2 percent, the most on both the key gauges. The S&P BSE MidCap Index fell 0.2 percent and the S&P BSE SmallCap Index dropped around 0.1 percent.
Seventeen out of 19 sector gauges compiled by BSE Ltd. declined led by the S&P BSE BankEx’s 1.27 percent slump. On the other hand, S&P BSE Telecom Index was the top sectoral gainer, up 1.46 percent.
Read the full story here.
(Breathe In, Breathe Out: Are you finding it tough to breathe polluted air? Join hands with FIT in partnership with #MyRightToBreathe to find a solution to pollution. Send in your suggestions to fit@thequint.com or WhatsApp @ +919999008335)
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)