Muhurat Trading Cheers The Streets; All Indices Close Green
At the end of the Muhurat trading session, a whopping 44 stock advance, while merely 6 stocks decline on the National Stock Exchange (NSE)
The much awaited once in a year Muhurat Trading which is considered as an auspicious window for trading or investment snapped the loss of last trading session as Indian stocks ended with gains.
As the trading commenced, the Nifty 50 closed with 0.41 per cent or 99 points higher at 24,304, while the S&P BSE Sensex traded higher and closed with 0.42 per cent gain at 79,724 points.
At the end of the Muhurat trading session, a whopping 44 stock advanced, while 6 stocks declined on the National Stock Exchange (NSE).
Among Nifty stocks, Muhurat trading rewarded the privilege to Mahindra & Mahindra, ONGC, Adani Ports, BEL, Eicher Motors and Tata Motors to trade as the top gainers.
In a Nifty losers category, Dr Reddy, Britannia, HCL Technology, Tech Mahindra, Wipro and ICICI Bank went downward to fill the losers gap.
All the 13 sectoral indices traded higher on Muhurat trade with IT, Energy and Metal stocks leading the gains whereas Nifty Realty continued on its gaining route.
The more domestically focussed mid and small-caps indices outperformed benchmark indices with midcap index gaining 383 points or 0.68 per cent, while small-cap index gained 1.03 per cent.
Among Nifty 50 mid-cap stocks, Vodafone Idea extended its gains and leverage Muhurat trading to rally 4.06 per cent, while CG Power and KPIT Technologies gained more than 2 per cent each.
Conversely, Max Healthcare, Oracle Financial Services, Voltas, Container Corp and Cummins India lost in the Nifty mid-cap index.
Notably, the Nifty 50 index has generated around 25 per cent returns from the last Muhurat trading session which is more than year-to date (YTD) returns of nearly 12 per cent.
Over the past eleven years the markets have closed in the green seven times during the Muhurat trading session, whereas red only three times.
