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Samvat 2075 opens on a strong note; Sensex soars 245 points

Thursday, November 08, 2018
By Dominic Rebello

Best Mahurat gain in 10 years

Leading bourse BSE yesterday rose 245.77 points or 0.70% to end at 35,238 points level at the Mahurat trading session to mark the beginning of Samvat 2075, which begins in Diwali 2018 and ends in Diwali 2019.

At BSE enthusiastic traders dressed in traditional attire placed orders at the opening session of Samvat 2075. Benchmark indices soared to their best Mahurat session in the last ten years. The Nifty 50 index rose 68 points or 0.65% to close at 10,598 levels.

All the sectoral indices were in the green, led by oil and gas, FMCG, IT and Teck.

Major gainers in the Sensex pack were M&M, Infosys, Tata Motors, Bajaj Auto, Hero MotoCorp, Vedanta Ltd, ITC Ltd, Asian Paints, Maruti Suzuki, Tata Steel and IndusInd Bank.

The BSE Sensex gained 2,407.56 points, or 7%, in the Hindu Samvat year 2074, while the NSE Nifty rose by 319.15 points, or over 3%.

The BSE and NSE will remain closed today, November 8, on the occasion of 'Diwali Balipratipada'.

Brokers said buying activity gathered momentum as investors opened their new books on the first session of Samvat 2075.

Meanwhile, domestic institutional investors (DIIs) bought shares worth Rs 118 crore, while foreign institutional investors (FIIs) sold equities worth Rs 499.7 crore on Tuesday, as per provisional data.

Globally, Wall Street stock futures rose Wednesday after Democrats won control of the US House of Representatives, boosting the party's ability to block President Donald Trump's political and economic agenda.

In the Asian region, Hong Kong's Hang Seng rose 0.10%, while Taiwan was up 0.85%. Japan's Nikkei, however, shed 0.28%.

In Europe, Paris CAC 40 surged 1.36%, Frankfurt's DAX gained 1%, while London's FTSE rose 1.17% in early deals.

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