Business

Nifty, Sensex rise in special 'muhurat' trading session on Diwali


Bollywood actress Neetu Chandra along with stockbroker traders pose as they hit the ceremonial gong to start a special "muhurat" trading session for Diwali, the Hindu festival of lights, at the Bombay Stock Exchange (BSE) in Mumbai, India, November 7, 2018.


(Reuters) - Indian shares made modest gains in a special “muhurat” one-hour trading session for Diwali on Wednesday, shored up by large-cap IT and financial stocks.


Software services exporter Infosys Ltd was the top boost to the Nifty with a gain of 1.4 percent.


Manappuram Finance Ltd climbed 4.9 percent after the non-banking financial company on Tuesday reported strong quarterly earnings.


“Muhurat” means auspicious in Hindi, and many traders believe gains made during this session bring prosperity and wealth in the year ahead.


Markets are closed on Thursday, and regular trading resumes on Friday.






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