Diwali Trading Ends Flat: Sensex, Nifty Dip Slightly

The special Diwali Muhurat trading session, marking the start of Hindu calendar Samvat 2083, concluded with minor losses for benchmark indices Sensex and Nifty. The BSE Sensex experienced profit-taking after an initial bullish surge, closing down 28.62 points at 80,999.40. Similarly, the NSE Nifty declined 43.95 points to end at 24,986.40, despite a positive opening. This symbolic trading session, believed to bring prosperity, saw investors' wealth grow by Rs 2.60 lakh crore. In the previous Samvat year 2082, both major indices had registered declines.

However, the recent trend indicated strong upward momentum, with the Sensex and Nifty surging over 10% in the preceding seven sessions. Analysts suggest the market has potential for bumper returns in the upcoming year, citing factors like low valuations, high earnings growth, potential oil price drops, and stable currency. Foreign institutional investors were net buyers on Friday, adding to positive sentiment. Market direction in the new Samvat year is expected to be influenced by corporate earnings, domestic growth, and global developments.