Times of India·3 min read·medium

For the first time since 2017, Sensex and Nifty end Muhurat trading in the red

P
PARTHA SINHA
For the first time since 2017, Sensex and Nifty end Muhurat trading in the red
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The Sensex and Nifty indices closed lower during the annual Diwali Muhurat trading session for the first time since 2017. Despite the tradition of buying stocks during this hour, profit-taking followed a recent seven-session rally, leading to a marginal decline in major indices.

Why it matters

This rare negative close highlights market consolidation after a period of significant gains and challenges the long-standing cultural expectation of a bullish Muhurat session.

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MUMBAI: For the second time in 10 years, sensex and Nifty both closed lower during the special hour-long trading session on Diwali which marked the start of Samvat year 2083, one of the Hindu calendars which is followed by the Gujarati trading community who dominate the city's share market.In Sunday's low-volatility, low-volume trading session, sensex opened higher at 81,299 points, was up nearly 300 points from its Friday close, touched a high of 81,442 points, and then profit-taking at higher levels pulled it down to below the 81K mark. Finally, it settled at 80,999 points, down 29 points on the day.The last time sensex had closed in the red during Muhurat trading was in 2017. Nifty on NSE also followed a similar trajectory and closed 44 points lower at 24,986 points.

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Headlinne story · 5 newsrooms

Indian Stock Exchanges Open for Special Diwali Muhurat Trading Session

What every outlet reported, where they differ, and how each framed it →

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5 other newsrooms covered this event. We read each version separately.

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