An hour-long Muhurat trade 2021 turned up on Diwali. Stock indices welcomed the year with 2078 gains. Indices started with huge gains as investors resorted to large-scale buying in the belief that selected shares in Murat Trading would share profits.
The Sensex opened 436 points higher at 60,208 at 6:15 pm on Thursday, checking for two consecutive days of losses.
The Nifty opened 106 points higher at 17,935. Shares of all sectors received buying support. The Centre’s decision to reduce excise duty on petrol and diesel has helped auto shares. Shares of public sector banks are in high demand. However, Sensex gained 295 points to close at 60,067.
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The Nifty gained 87 points and closed at 17,916 points. Only four stocks lost ground in the Sensex. Foreign investors sold shares worth Rs 328 crore, while domestic investors bought a modest Rs 38 crore.
Friday is a holiday for the stock market on the occasion of the Sacrifice. Along with the exchanges, the forex, debt, and commodity markets did not work. Today, tomorrow (Saturday, Sunday) are normal holidays. All markets will open as usual on Monday.
Global equity markets were positive as the Fed Reserve Committee announced policy decisions on Thursday night. The Fed said it would begin the tapping process immediately. It said it would cut monthly bond purchases by $ 15 billion every month from this November. Assured that interest rate hikes are now in place. Asian markets closed mixed on Friday. European markets ended with a one per cent gain on Friday as US October employment data hit expectations. U.S. indices started with a gain of half a percent.
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