Mumbai, November 8, 2026 (Yes Punjab News)
Indian benchmark equity indices ended Sunday’s special Diwali Muhurat trading session marginally lower, with losses in banking and IT stocks offsetting gains in select sectors.
The BSE Sensex slipped 28.62 points, or 0.04 per cent, to settle at 80,999.40, while the NSE Nifty declined 43.95 points, or 0.18 per cent, to close at 24,986.40.
The Nifty briefly climbed to an intra-day high of 25,132 before surrendering its gains and ending below the 25,000 mark. The Sensex moved between 80,932 and 81,442 during the session before closing in negative territory.
Banking stocks were among the major drags, with the Nifty Bank and Nifty Private Bank indices recording the steepest sectoral declines. IT stocks also weighed on sentiment, while pharmaceutical and healthcare shares outperformed.
Sun Pharma and Tata Steel were among the notable gainers. SBI Life Insurance and Bharti Airtel also featured among the key laggards. The source data additionally lists InterGlobe Aviation among both the gainers and laggards, making its ranking unclear.
The broader market showed greater resilience, with the Nifty MidCap 100 rising 0.13 per cent and the Nifty SmallCap index advancing 0.94 per cent.
Market experts said the outlook for the coming Samvat year remained constructive, although returns could be moderate and selective. They expect earnings growth, rather than further valuation expansion, to play a larger role in driving market performance.
Muhurat trading is a special, shortened stock market session held on Diwali alongside Lakshmi Puja. The auspicious session marks the beginning of the new Vikram Samvat, traditionally regarded as the Hindu financial year.
FOLLOW NOW
