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Muhurat Trading LIVE: GIFT Nifty Signals Muted Open; Tata Steel, Divi's Labs Shares in Focus
Sentiment: NeutralHigh Priority
What Happened?
The GIFT Nifty indicates a muted start for the Nifty50 index during the special Diwali trading session. The session will run from 2:20 PM to 3:30 PM.
Key points
- The GIFT Nifty futures were quoted at 25,038.50, up 6 points.
- The Sensex rose 1,718.01 points or 2.17% to 81,028.021 on Friday.
- The Nifty50 increased by 493.75 points or 2.01% to 25,030.35.
- Global markets saw the Nasdaq Composite and S&P 500 rebound last Friday.
- Brent crude prices fell 0.55% to $97.75 per barrel.
Key insights
- The muted opening may reflect cautious investor sentiment ahead of geopolitical developments.
- Oil prices and foreign portfolio investment flows could influence market volatility.
- Banks and financials are expected to remain preferred sectors for investors.
Why it matters
The trading session coincides with Diwali, a significant time for investors in India.
Tags
Entities
Tata Steel· CompanyDivi's Labs· CompanyNifty50· IndexSensex· IndexBrent· CommodityUS· CountryIran· Country
Source
Business Standard
