Market Begins Samvat 2078 On Positive Note, Sensex Rises 296 Points

Indian equity benchmarks made a positive start to Samvat 2078, the Hindu New Year, in the special Muhurat Trading session to mark the festival of Diwali.

The Sensex rose as much as 436 points and Nifty 50 index touched an intraday high of 17,947 as traders and investors made customary trades to mark the auspicious occasion. In the one-hour long session, HDFC Bank, Reliance Industries, ITC, Kotak Mahindra Bank and Mahindra & Mahindra were among the top movers in the Sensex, which saw twenty five out of 30 shares close on a positive note.

The Sensex ended 296 points or 0.5 per cent higher at 60,068 and Nifty 50 index advanced 88 points to close at 17,917.