Diwali Muhurat Trading 2022 Highlights: Sensex surges 525 points, Nifty settles above 17,700; ICICI Bank, Nestle among top gainers

Indices rose, led by bank stocks, after a volatile year, aided by positive cues from European and US markets and despite the sell-off in the Hong Kong and China markets, said Dhiraj Relli, MD & CEO, HDFC Securities. Investors hoped that the positive sentiment could get carried into new Samvat year despite some macro and global headwinds, he added.

European markets climbed after Rishi Sunak was announced as the next Prime Minister of the United Kingdom (UK). US stocks also started trading higher.

Investors richer by Rs 2.1 lakh crore after the special one-hour trading session.

The overall market breadth stood strong as 2,659 shares advanced while 747 declined on BSE. The market capitalization (m-cap) of BSE-listed companies rose to Rs 276.52 lakh crore.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty Bank and Nifty Financial Services outperformed the NSE platform by rising as much as 1.28 per cent and 1.27 per cent, respectively. On the flipside, Nifty FMCG slipped 0.13 per cent.

Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 rose 0.50 per cent and small-cap climbed 0.93 per cent.

On the stock-specific front, ICICI Bank was the top Nifty gainer as the stock soared 2.88 per cent to close at Rs 933.25. Nestle India, SBI, L&T and HDFC were also among the gainers. In contrast, Hindustan Unilever, Kotak Mahindra Bank and HDFC Life were among the top laggards.

Sensex surges 525 points or 0.88 per cent to close at 59,832, Nifty moves 154 points or 0.88 per cent higher to settle at 17,731

Nestle India, ICICI Bank, SBI, HDFC and L&T were among the top gainers on the NSE platform today with their shares up as much as 2.73 per cent. In contrast, Hindustan Unilever, Britannia, Kotak Mahindra Bank and HDFC Life were among the top laggards.

The overall market breadth stood strong as 2,539 shares were seen advancing while 695 were declining on BSE.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green. Sub-indexes Nifty Bank and Nifty Financial Services were outperforming the NSE platform by rising 1.25 per cent and 1.24 per cent, respectively. On the flipside, Nifty FMCG fell 0.10 per cent.

Mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.57 per cent and small-cap climbed 1.05 per cent.

L&T, HDFC twins (HDFC and HDFC Bank), ICICI Bank and Tata Consumer Products were among the top gainers on the NSE platform today with their shares up as much as 2.22 per cent. In contrast, Hindustan Unilever fell 2.45 per cent.

Sensex surges 662 points or 1.12 per cent to trade at 59,969, Nifty moves 196 points or 1.11 per cent higher to trade at 17,772

Sensex surges 415 points or 0.70 per cent to trade at 59,722 in pre-opening deals

Bulls have reason to celebrate Diwali on a higher note as the US market witnessed a sharp rebound in Friday's trading session," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

BHEL is in F&O (Futures and Options) ban period today. Stocks are placed under F&O ban when the derivative contracts in their securities cross 95 per cent of the market-wide position limit.

Foreign institutional investors (FIIs) have bought Rs 438.89 crore worth of shares, while domestic institutional investors (DIIs) have sold Rs 119.08 crore worth of shares on October 21, provisional NSE data showed.

"Before making a long-term investment in any asset, one should stay focused on its fundamentals. There is usually a lot of excitement during the Muhurat Trading session, and rumours can spread quickly," said Puneet Maheshwari, Director, Upstox. Invest in sync with your investment plan and risk tolerance, he added.