D-Street Diwali: Muhurat trading starts on positive note

Mumbai: Ringing in the auspicious occasion of Diwali on Wednesday, the special trading session of Muhurat trading flagged off at the Bombay Stock Exchange (BSE), with the market indices trading 0.5 percent higher led by a rise in automobile stocks and information technology stocks.

The Nifty is trading near 10,600, while the Sensex is higher by over 200 points at 35224.14.

Present at the ceremony was Bollywood actor Neetu Chandra.

“The BSE opens for just one hour on Diwali. This Muhurat trading has been happening for over 100 years. On this day, the people try to see the coming year in trading. The market has opened 240-250 points above the previous numbers. It will be important to see whether the oil prices will go up or down in coming five-six months,” BSE CEO Ashish Kumar Chouhan told ANI.

On Tuesday, the markets had ended on a flattish note, with the Nifty holding 10,500-mark. During the close, Sensex closed up 40.99 points at 34991.91, while the Nifty ended higher by 6.00 points at 10530.00.

Among sectors, which did not perform well were, automobiles, banks, consumption and PSU banks looked attractive. However, energy, IT and infrastructure gained the most.

“I am very happy to be here. I wish everyone a very Happy Diwali. I am celebrating this day with my family,” Neetu Chandra said.