Sensex and Nifty Close Lower in Muhurat Trading

Indian benchmark indices ended the Diwali Muhurat trading session on November 8 lower, with the Sensex down 28.62 points, or 0.04%, and the Nifty down 43.95 points, or 0.18%, according to a report of the closing figures. The Sensex settled at 80,999.40 and the Nifty at 24,986.40, below the Nifty’s 25,000 mark.

The session’s final result differs from reports that described the indices as higher. Those reports gave Sensex and Nifty levels of 81,406 and 25,109.40, respectively, and said they had gained 401.80 and 79.15 points. Other early-session figures also showed gains. The closing account said the Nifty reached an intraday high of 25,132 before retreating, while the Sensex traded between 80,932 and 81,442.

Losses in banking and information technology stocks weighed on the benchmarks, the closing report said. The Nifty Bank and Nifty Private Bank indices recorded the steepest sectoral declines. The broader market moved higher: the Nifty MidCap 100 rose 0.13% and the Nifty SmallCap index gained 0.94%.

Sun Pharma and Tata Steel were among the session’s major gainers, while the report also listed Mahindra & Mahindra and InterGlobe Aviation among the top laggards. Another account of...