Muhurat Trading 2026: Sensex and Nifty Slip Into the Red as Samvat 2083 Begins, but 3,136 Stocks Rise
Both benchmarks gave up early gains in the one-hour Diwali session. Nifty closed at 24,986.40, while smallcaps and pharma stocks outperformed.
India’s stock markets opened the new Hindu financial year, Samvat 2083, on a slightly sour note. In the special one-hour Muhurat Trading session on Sunday, 8 November, both the Sensex and the Nifty 50 surrendered their opening gains and finished marginally lower.
The closing numbers
At 3:31 pm the BSE Sensex stood at 80,999.40, down 28.62 points or 0.04%. The Nifty 50 lost 43.95 points, or 0.18%, to end at 24,986.40, just under the 25,000 mark.
The session had started brightly. At 2:22 pm the Sensex was up 394.49 points at 81,422.51 and the Nifty had climbed 94.90 points to 25,125.25. The buying faded as the hour went on; by the pre-close the Nifty had turned negative while the Sensex was still 81.84 points higher, and both ended in the red after the closing auction.
Broader market told a different story
Beneath the flat headline indices, buying was widespread. As many as 3,136 stocks gained against 913 that fell. The Nifty Smallcap 100 added 0.94% and the Nifty Midcap 100 rose 0.13%.
Sun Pharma was among the standout gainers, up 3.24% at Rs 1,920.20 at the pre-close, while Tata Steel rose 2.10% to Rs 190.21. ONGC gained 1.35%, and Tata Motors Passenger Vehicles and Adani Ports each added more than 1%.
Among sectors, media and pharma led, with the Nifty Media index up 1.88% and Nifty Pharma up 1.44% at the pre-close. Banks, IT and realty were weak: Bank Nifty slipped 0.27% and Nifty Realty fell 0.45%.
The fear gauge also ticked up. India VIX rose 5.32% to 18.40, pointing to higher expected volatility.
Context
The special session came after a seven-day rally in which the benchmarks had put together one of their longest winning streaks in months, helped by renewed buying from foreign investors. Regular trading resumes on Monday, 9 November, while Tuesday, 10 November, is a market holiday for Diwali Balipratipada.
Featured image: BSE – Bombay Stock Exchange Building.jpg by Niyantha Shekhar, CC BY 2.0, via Wikimedia Commons.
Sources
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