Ahead of Market: 10 Things that Will Decide Stock Market Action on Monday
The benchmark indices slipped after investors booked profits, though sectoral gains in pharmaceuticals and healthcare helped limit losses.
- On Sunday, The BSE and The National Stock Exchange concluded the special Diwali Muhurat Trading session lower, breaking a seven-session winning run as investors booked profits.
- This decline marks the first time in nine years that benchmark indices ended in the red on Diwali, departing from the typical 1% range movement in past sessions.
- The BSE Sensex shed 28.62 points to close at 80,999.40, while The National Stock Exchange Nifty 50 closed 0.2% lower at 24,986.40; pharmaceutical stocks gained 2% though IT and financial services weighed on the market.
- Despite the session's dip, indices finished 8-9% higher for the week, with Avinash Agarwal, SVP and head of equity at Bandhan Life, expecting constructive returns for the new Samvat .
- Experts consider crude oil the biggest factor for future market direction, while India remains an 'anti-AI' play attracting investors amid global scrutiny over high AI spending and profitability concerns.
15 Articles
15 Articles
Muhurat Trading: Sensex, Nifty End Marginally Lower After Seven-Day Rally
Indian benchmark indices Sensex and Nifty ended marginally lower in the special Diwali Muhurat trading session, snapping a seven-day rally amid profit-taking by investors. Despite a positive start, the Sensex dipped 28.62 points to 80,999.40, and the Nifty declined 43.95 points to 24,986.40.
Ahead of Market: 10 things that will decide stock market action on Monday
Sensex and Nifty ended lower during Muhurat Trading on November 8, snapping a six-session winning streak. Nifty slipped below 25,000 as investors booked profits. However, broader market sentiment remained positive, with 2,716 NSE stocks advancing against 736 declines.
Muhurat trading breaks 7-day rally in stock markets as Nifty, Sensex see tiny drop
After starting the special trading session to mark the beginning of Hindu calendar Samvat 2083 on a bullish note, the 30-share BSE Sensex failed to sustain the rally. The barometer dipped 28.62 points, or 0.04 per cent, to settle at 80,999.40, with 16 of its constituents ending higher and 14 lower.
Deccan Herald
The Hindu Business LineStock markets end marginally lower in special Muhurat trading, snapping 7-day rally
Diwali trading: BSE Sensex and NSE Nifty end marginally lower in Mumbai on Sunday due to profit-taking, despite investors' wealth surging by Rs 2.60 lakh crore.
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