Sensex, Nifty hit new highs in Diwali’s Muharat trading
04 Nov 2013
Samvat 2070 began on a strong note as both of India's leading stock indices, the Bombay Stock Exchange's Sensex and the Nifty of the National Stock Exchange, hit all-time highs in the special Muhurat trading session for Diwali.
The Senxex rose by 43 points to end at a new peak of 21,239.36, while the Nifty also logged an all-time closing high of 6,317.35, extending gains for the fifth straight trading session.
Though there was no usual trading as Diwali fell on a Sunday this year, the special 'Muhurat' session was held as usual from 6.15 pm to 7.30 pm.
The 30-stock Sensex started strong at 21,278.08 and moved in a range of 21,321.53 and 21,212.31 before settling at a historic high of 21,239.36, a rise of 42.55 points or 0.20 per cent.
The wider-based 50-share Nifty also recorded its all-time closing high of 6,317.35, surpassing its previous closing high of 6,312.45 registered on November 5, 2010. However the Nifty failed to cross its all-time intra-day high of 6,357.10 logged on 1 January 1 2008. The Nifty touched a high of 6,342.95 intra-day on Sunday.
Buying was seen across the board as 12 of 13 sector indices closed with gains between 0.1 per cent and 0.78 per cent, while only the Bankex ended with a fall of 0.12 per cent.
Among the Sensex pack, 22 stocks closed with gains while the rest fell. Tata Motors rose by 1.74 per cent, Jindal Steel by 1.13 per cent, Sun Pharma by 0.95 per cent, Maruti Suzuki by 0.86 per cent, Tata Power by 0.85 per cent and BHEL by 0.84 per cent while ICICI Bank eased by 0.65 per cent and M&M by 0.52 per cent.
Reflecting smart rise in second-line stocks, 1,556 stocks closed in the green while only 473 lost ground. The BSE-Midcap and BSE-Smallcap firmed up by 1.05 per cent and 1.37 per cent, outperforming the Sensex.
Foreign institutional investors (FIIs) bought shares worth a net Rs186.95 crore on Friday, November 1, according to data from the stock exchanges.
