Muhurat Trading 2021: Sensex settles near 60,100, Nifty 50 over 17,915; Auto outperforms; M&M, ITC, Bajaj Auto top bulls

On the closing of Mahurat trading 2021 on Thursday, both benchmarks erased slight gains, however, settled on a bullish tone. Sensex neared 60,100-mark and Nifty 50 around 17,920. A broad-based buying was recorded with auto stocks outperforming after their monthly sales data. FMCG, Capital goods, consumer durables and industrial stocks also contributed substantially to the upside. Q2 earnings led to a further rise in appetite for equities.

Sensex settled at 60,067.62 up 295.70 points or 0.49% and the Nifty 50 finished at 17,916.80 higher by 87.60  points or 0.49%.

In the trading hours, Sensex has touched an intraday high of 60,207.97 and Nifty 50 climbed to the day’s high of 17,947.55.

In terms of sectoral indices, on BSE, the Auto index advanced nearly 1.5%, while the Industrial, FMCG, Capital Goods, Oil & Gas and Consumer Durables indexes soared around 1% each.

Top bulls on Sensex were – M&M, ITC, Bajaj Auto, L&T and Kotak Bank. Gains in these stocks were between 1-3%.

Top bears on Sensex were – ICICI Bank tumbling 0.7%. Ultratech Cement, Asian Paint and HDFC inched lower as well. Dr Reddy’s Lab ended in red but on a flat note.

Muhurat trading is the auspicious stock market trading for an hour on Diwali (Deepawali). Muhurat trading is carried to celebrate the beginning of the new Samvat 2078 which is the Hindu calendar year that starts on Diwali.

The trading opened at 6.15 pm on Thursday and closed on 7.15 pm. 

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( With inputs from indiainfoline)