Shares made modest gains in a special “muhurat” one-hour trading session for Deepavali on Wednesday, shored up by large-cap IT and financial stocks. Benchmark Sensex rallied 310 points to reclaim the 35,000-mark in the opening trade of the special Muhurat session Wednesday to mark the beginning of Hindu Samvat year 2075.
Software services exporter Infosys Ltd was the top boost to the Nifty with a gain of 1.4 per cent. Manappuram Finance Ltd climbed 4.9 per cent after the non-banking financial company on Tuesday reported strong quarterly earnings.
Auto stocks also saw strong buying interest with the Nifty Auto index rising nearly 1 per cent . Mahindra and Mahindra Ltd led the gains with a rise of 1.9 per cent and was the biggest per cent age gainer on the NSE index.
E-commerce company Infibeam Avenues Ltd surged 14.1 per cent to its best close in over two weeks.
‘Muhurat’ means auspicious in Hindi, and many traders believe gains made during this session bring prosperity and wealth in the year ahead. Markets are closed on Thursday while regular trading resumes on Friday.