Muhurat Trading 2024: SENSEX closes 335 points higher, NIFTY50 settles at 24,304; auto stocks rally

The session marked the beginning of Samvat 2081, the new calendar year of Hindus. 

It is believed that trading during the 'Muhurat' or auspicious hour brings prosperity and financial growth for the stakeholders.

At close, the S&P BSE SENSEX stood at 79,724.12, up 335.06 points, or 0.42%, while the broader NIFTY50 index of the NSE closed the session at 24,304.35, up 99 points, or 0.41%. 

All the sectors ended in the green, with auto stocks leading the pack. The BSE Auto index ended at 54,157.46, up 617.63 points, or 1.15%. 

Broader Markets

Global Markets

US government bond yields fell and stock futures edged up on Friday after data showed the US economy barely added any jobs in October, though the numbers were heavily disrupted by industrial action and hurricanes.

Nonfarm payrolls increased by 12,000 jobs last month after surging by a downwardly revised 223,000 in September, the Labor Department's Bureau of Labor Statistics said.

The benchmark 10-year Treasury yield was 4.22%, down 6 basis points on the day, moving away from its near four-month high of 4.34% hit earlier in the week.

European markets echoed their US peers in the aftermath of the payrolls data, with the broad Stoxx 600 index up 0.9% and the benchmark 10-year German bund yield 4 bps lower at 2.35%.