Benchmark indices opened on a positive note during the special one-hour Diwali Muhurat trading session on Tuesday, with the BSE Sensex rising 252.14 points or 0.30 per cent to 84,615.51 and the Nifty gaining 83 points or 0.32 per cent to 25,926.15 as of 1.45 pm.
The ceremonial trading session, which follows the traditional Laxmi Puja, saw the Sensex open at 84,484.67 against its previous close of 84,363.37, while the Nifty opened at 25,901.20 compared to its previous close of 25,843.15.
The trading floor was marked by festive decorations and a buoyant atmosphere as market participants kicked off Samvat 2082 with optimism.
Among the top gainers on the Nifty50, Tata Consumer Products led the pack with a 0.31 per cent rise to ₹1,180, followed by Hindustan Unilever which gained 0.26 per cent to ₹2,601.10. JSW Steel climbed 0.24 per cent to ₹1,147.90, while pharmaceutical majors Cipla and Dr Reddy’s Laboratories advanced 0.24 per cent and 0.23 per cent to ₹1,643 and ₹1,285 respectively.
On the losing side, Kotak Mahindra Bank slipped 0.31 per cent to ₹2,206.90, while Shriram Finance declined 0.27 per cent to ₹692.10. Maruti Suzuki fell 0.15 per cent to ₹16,400, Adani Ports shed 0.14 per cent to ₹1,464.90, and ITC dipped 0.11 per cent to ₹412.60.
“As we usher in Samvat 2082, optimism is gradually returning to Indian markets,” said Amisha Vora, Chairperson and Managing Director of PL Capital.
“The stage now appears set for an earnings-led recovery. Growth momentum remains intact, supported by structural reforms, the rollout of GST 2.0, income tax relief, and an accommodative policy stance that is easing liquidity conditions.”
Vora added that “India’s GDP is projected to expand by around 6.8 per cent in FY26 — among the fastest globally — underscoring the country’s resilient growth narrative.”
Ponmudi R, CEO of Enrich Money, highlighted the technical setup ahead of the session. “A favorable alignment of global and domestic cues is fueling optimism ahead of the Diwali Muhurat trading session,” he said. “Better-than-expected corporate earnings, improving macroeconomic indicators, steady domestic inflows, and moderating crude prices are expected to keep overall sentiment constructive.”
The Nifty now stands just 1.5 per cent below its lifetime high near 26,300, with the next resistance zone seen at 26,000–26,300. “As long as the Nifty sustains above 25,750, momentum is expected to remain firmly positive,” Ponmudi noted.
In the commodities space, gold remained strong with festive demand providing support. “Gold traded positive with gains of ₹700, closing around ₹1,27,750, supported by firm COMEX levels near $4,225,” said Jateen Trivedi, VP Research Analyst at LKP Securities. “Festive demand in India continues to lend strength to prices, though post-festive profit booking may emerge as traders lock in gains.”
Market participants are now focusing on key US economic data releases this week, including CPI and Core CPI figures, which could influence the Federal Reserve’s rate trajectory. The prolonged US government shutdown has also kept a premium built into safe-haven assets like gold.
Published on October 21, 2025
