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Business News/ Market / Stock-market-news/  Samvat 2070 begins on an upbeat mood; Nifty scales new peak
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Samvat 2070 begins on an upbeat mood; Nifty scales new peak

The bourses mark the beginning of the new 'Samvat' year 2070 on a highly buoyant note

The session began on a cheerful note, as traders resorted to auspicious token buying to mark the commencement of the new Hindu calender year, Samvat 2070. Photo: Mint Premium
The session began on a cheerful note, as traders resorted to auspicious token buying to mark the commencement of the new Hindu calender year, Samvat 2070. Photo: Mint

Mumbai: The bourses endured a glittering Diwali Muhurat trading session, marking the beginning of the new ‘Samvat´ year 2070 on a highly buoyant note, with the benchmark CNX Nifty conquering an all-time closing high at the National Stock Exchange (NSE).

The 50-share NSE index hovered between a high of 6,342.95 and a low of 6,311.15 before ending at 6,317.35, showing a modest gain of 10.15 points, or 0.16 per cent. FMCG, auto, energy, metal and healthcare stocks attracted huge buying interest, though selling was witnessed in financials and infrastructure-related stocks.

The session began on a cheerful note, as traders resorted to auspicious token buying to mark the commencement of the new Hindu calender year, Samvat 2070.

Key indices gained further momentum to hit the day’s highest points before giving back some gains, after profit-taking at higher levels.

Bharat Petroleum Corp. Ltd, Tata Motors Ltd, Ranbaxy Laboratories Ltd, Jindal Steel Ltd, Punjab National Bank, Sun Pharmaceutical Industries Ltd, Lupin Ltd, Maruti Suzuki India Ltd, ITC Ltd and Wipro Ltd were among the prominant index stocks gainers.

Key laggards included Asian Paints Ltd, Jaiprakash Associates Ltd, Kotak Mahindra Bank Ltd, IndusInd Bank Ltd, Bharti Airtel Ltd, Grasim Industries Ltd, Mahindra and Mahindra Limited, HDFC Bank Ltd, Larsen and Toubro Ltd and ICICI Bank Ltd.

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Published: 04 Nov 2013, 10:20 AM IST
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