Muhurat trading fails to cheer Sensex up
The 30-stock index ended at 27,930, down 11.30 points, or 0.04 per cent, after the one-hour session.
Mumbai: Market benchmark BSE Sensex rose by over 154 points to trade above the 28,000-mark on sustained buying by participants in the opening trade of a special Muhurat session on Sunday but ended on a weak note with marginal loss. The 30-stock index ended at 27,930, down 11.30 points, or 0.04 per cent, after the one-hour session.
The broadbased Nifty 50 closed the session at 8,625.70, down 12.30 points, or 0.14 per cent. The trading marked the start of Hindu Samvat Year 2073 and the yearly special event took place between 6 pm and 7 pm.
The smallcap and midcap stocks, however showed strength, which resulted in the BSE Midcap index ending with a gain of 0.48 per cent, while the BSE Smallcap index rose 0.96 per cent.
Dr Reddy’s Labs, Tata Motors and Adani Ports lost between 1 per cent and 1.41 per cent, while the gainers included Lupin (up 1.66 per cent), ONGC (up 0.73 per cent) and Sun Pharma (up 0.57 per cent). The Muhurat trading last year had the Sensex gaining 123 points, or 0.48 per cent, and closing at 25,866.