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Mahurat Trading: Sensex Drops 194 Points; Nifty Ends Below 10,150

Mahurat Trading: Sensex Drops 194 Points; Nifty Ends Below 10,150
Brokers trade as ceremonial purchases of stocks are made during the session marking Diwali at the Bombay Stock Exchange in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg. 
8 years ago
Indian shares swung between gains and losses in an hour-long session, when traders and investors make ceremonial purchases marking the Diwali festival.

Let’s end the blog on a positive note.

The Sensex has risen in seven of the past ten years on the Muhurat trading day and dropped in eight of the following sessions. So, since the market closed lower today, there may be a bounce back in store on Monday?

Happy Diwali!

  • Jyoti Structures rose 4.7 percent as it said it will sub-contract a project in west Africa to Transrail Lighting
  • Mahindra Lifespace rose 4 percent after it said it will form JV with HDFC Capital Affordable Real Estate Fund-1 for affordable housing projects

Betting on auto suppliers, two-wheelers, commercial vehicles, he said adding start looking freshly at IT and pharma, Bagga said. 

Both the Sensex and the Nifty climbed marginally higher in pre-Mahurat trading.

So, don’t miss out! Click HERE for the complete list.

  • Reliance Industries: Jio's 84-day plan hiked to Rs 459; data doubled in the Rs 149 scheme
  • Tata Teleservices: Board approves fund raising up to Rs 20,000 crore via various options
  • Gujarat State Petronet: Executes pact for FSRU project based LNG port
  • Mahindra Lifespaces, HDFC Capital to develop affordable housing projects
  • VA Tech Wabag: Says power of Board of Directors restored
  • Pioneer Embroideries: To issue 1.96 lakh shares at Rs 51 per share to non-promoters on preferential basis
  • Jyoti Structures: Lenders approve sub-contracting of West Africa project
  • Zee Media Corporation: Circuit filter revised to 20 percent

The NSE Nifty 50 index rose nearly 18 percent and the S&P BSE Sensex climbed 16.4 percent in the last 12 months. The reason for the incessant flows, of course, was the unprecedented note ban implemented by the Narendra Modi government, with an aim to crack down on black money.

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