Muhurat Trading: NIFTY50 ends at 25,868, SENSEX up 63 points; 106 stocks hit 52-week high, Cipla leads gains

Muhurat trading is a one-hour, symbolic trading session conducted by Indian stock exchanges on Diwali, a Hindu festival considered auspicious for new beginnings, including investments.

According to exchange data, on Monday, the foreign institutional investors (FIIs) bought equities worth ₹790.45 crore on a net basis, while the domestic institutional investors (DIIs) purchased ₹2,485.46 crore worth of equities.

Most of the Asian markets were trading higher on expectations of easing trade tensions between the US and China. Hong Kong's Hang Seng advanced 0.75%, Singapore's Straits Times gained 1.08%, and Japan's Nikkei rose 0.36%. South Korea’s Kospi and China’s Shanghai Composite also rallied 0.24% and 1.34%, respectively.

Overnight, US stocks surged on Monday, lifted by gains in Apple shares over demand for its latest iPhone design. It was the strongest force lifting the S&P 500 and set its own record high.

The S&P 500 climbed 1.1% and pulled within 0.3% of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, or 1.1%, and the Nasdaq Composite gained 1.4%.

Here are the key developments of Tuesday’s session that you need to know

As many as 3,039 stocks traded on the NSE on Tuesday. Out of this, 2,213 advanced and 710 declined, while 116 scrips remained unchanged.

This, however, indicates that the market breadth favoured advances.

A total of 106 stocks hit their 52-week highs, while 36 stocks touched their one-year lows. Besides, 93 stocks hit their upper circuit limits, and 17 touched their lower circuit bands on Tuesday.

NSE-listed firms' market capitalisation stood at ₹468.32 lakh crore at the end of the session.

The volatility index India VIX lost 0.50% to close at 11.30 levels.

The NIFTY Midcap 100 index rose 0.11%, ending at 59,409.55 levels, while the NIFTY Smallcap 100 gauge settled 0.52% higher at 18,300.65 levels.

Among sectors, Nifty Realty (-0.09%) and Nifty PSU Bank (-0.06%) were the only losers.

Nifty Media (up 0.56%) led the gainers, followed by Nifty Metal (0.40%), Nifty Pharma (0.34%), Nifty Auto (0.16%), and Nifty Oil & Gas (0.05%).

On Tuesday, 24 stocks advanced on the NIFTY50 index, while 24 settled in red and two remained unchanged.

Cipla, which touched a 52-week high during the session, was the top contributor, rising 1.58%. Other major gainers included Bajaj Finserv (1.18%), Infosys (0.69%), JSW Steel (0.68%), and Grasim Industries (0.67%).

On the other hand, Kotak Mahindra Bank (-0.98%), ICICI Bank (-0.65%), Asian Paints (-0.64%), UltraTech Cement (-0.61%), and HCL Technologies (-0.60%) were the top laggards on the 50-share index.