Both Sensex and Nifty, along with midcap and smallcap indices, clocked fresh highs today as investors celebrated BJP’s big gains in MP, Rajasthan and Chhattisgarh.
In the one-hour Diwali Muhurat Trading 2023, the BSE Sensex gained as much as 514 points to 65,419 levels, and the NSE Nifty climbed 122 points to touch 19,547 mark.
Post listing, the shares of the ports arm of Sajjan Jindal-led JSW Group gained 28.4% to hit a high of ₹152.8 on the BSE and NSE, while the m-cap rose to ₹31,920 crore.
The impact on the Indian stock markets could likely to be negative but not large since the U.S. economy is now headed for a soft landing and not a recession, says expert
The sell-off in the equity market was triggered by weakness in index heavyweights such as Infosys, TCS, HCL Technologies, RIL, and HUL as well as bearish global cues.