Street Diwali: Mahurat Trading kick-starts at BSE with market in red

Bajaj Auto Bajaj’s revenues marginal drop Bajaj marginal drop in PAT drop in PAT

Diwali brings with it the special Muhurat trading session of the Indian stock markets.

However, markets will remain open for Muhurat trading on Thursday, October 19, 2017.

Apart from Chouhan, NASSCOM Chairman Harish Mehta and Bollywood actor Richa Chadda were also present at the ceremony.

Brokers said normally investors and funds open their new accounts on the first session of Samvat year 2074.

In the pre-opening trade, Sensex was up by 72.40 points at 32,656.75, while the Nifty fell 0.50 points to 10,210.40.

"Gains in telecom shares were offset by losses in banking sector stocks and metal stocks", he said, adding that investors continued to be anxious over an expected rise in the slippages and NPA levels. The Sensex saw 26 stocks fall. The benchmark Sensex has gained 4,642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1,572.85 points, or 18.20 per cent during this period.

At the end of the ceremonial profit-booking sale, brokers say global cues fuelled a bit of selling. Globally, in the euro zone, Frankfurt's DAX fell 0.63 per cent, while Paris CAC 40 shed 0.54 per cent. London's FTSE too fell 0.35 per cent.

Leading Asian indices like Hang Seng, Kospi and Nikkei all ended in the green on Monday.

Both the BSE and the NSE will be closed on Friday for "Diwali Balipratipada".

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