Nifty Seen Opening On Flat Note In Diwali’s Muhurat Trading Session

On Samvat 2077, the Sensex was up 38% and the Nifty 50 index was up 40%.

Indian stock reference values ​​were higher in the one-hour special trading session of Diwali Muflat at the start of the Hindu New Year Sam Vat 2078, as evidenced by Nifty futures trading on the Singapore Stock Exchange. It’s set to open.

Singapore Nifty futures rose 2 points to 17,925, which was positive evidence from global markets after the Fed announced it would cut $15 billion in monthly bond purchases this month, but it should. We left the option to speed up or slow down the pace.

In Wednesday’s trading session, Nifty was down 60 points to 17,829 and Sensex was down 257 points to 59,772.

Now that the Fed’s large-scale stimulus program has successfully kicked off, traders will be looking to see if the Bank of England will become the first major central bank to raise interest rates since the COVID attack. Global stocks hit record highs on Thursday pending the Fed.

European stocks hit record levels for the fourth day in a row. Oil rose ahead of the OPEC+ session, but bailout instability generally eased, so the Fed didn’t deliver any surprises on Wednesday.

Upon their return to Japan, foreign institutional investors sold Rs 40.1 billion on Wednesday while local institutional investors bought Rs 19.5 billion.

In Sam Vat 2077, which ends on Wednesday, India’s equity benchmark produced significant returns for investors, with the Sensex up 38% and the Nifty 50 index up 40%.

Eicher Motors focused on Wednesday after popular motorcycle maker Royal Enfield reported a net profit of Rs 373.20 compared to Rs 343.34 in the year-ago quarter, up 9%. It seems like. Business turnover increased 5% per year and reached 2,216 rupees.

Indian bricks will be in the spotlight after the country’s leading footwear maker posted a net profit of Rs 37, compared to a loss of Rs 44.4 in last year’s quarter. Operating profit increased 67% to 614 rupees from 368 rupees for the same quarter last year.