Closing Bell: Sensex flat, Nifty above 25,850 on Muhurat day; smallcaps shine

We wrap up today's edition of the Moneycontrol live market blog of Muhurat Trading, and will be back Thursday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Indian benchmark indices ended higher with Nifty above 25,850 on special ‘Muhurat Trading’ session on October 21. At close, the Sensex was up 62.97 points or 0.07 percent at 84,426.34, and the Nifty was up 25.45 points or 0.10 percent at 25,868.60.

#1 Remain bullish on the quick commerce space, the bull market is likely to continue

#2 Some companies in this space could see toplines reaching Rs 3 lakh crore

#3 Observing increasing adoption of electric two-wheelers, especially scooter

Indian benchmark indices ended higher with Nifty above 25,850 on special ‘Muhurat Trading’ session on October 21.

At close, the Sensex was up 62.97 points or 0.07 percent at 84,426.34, and the Nifty was up 25.45 points or 0.10 percent at 25,868.60. About 2720 shares advanced, 902 shares declined, and 149 shares unchanged.

Biggest Nifty gainers were Cipla, Bajaj Finserv, Axis Bank, Infosys, Grasim, while losers included Kotak Mahindra Bank, ICICI Bank, HCL Technologies, Max Healthcare, Asian Paints.

Among sectors, metal, media, telecom up 0.3% each.

The BSE midcap index rose 0.2 percent and smallcap index added nearly 1 percent.

The Board has approved the allotment of 27.67 lakh equity shares at an issue price of Rs 151 per share (total value: Rs 41.78 crore) to persons belonging to the non-promoter group category, upon conversion of an equivalent number of warrants.

This conversion was effected upon receipt of the balance consideration of Rs 31.33 crore, representing 75% of the issue price per warrant, pursuant to the exercise of the right of conversion into equity shares.

Mafatlal Industries was quoting at Rs 170.30, up Rs 28.35, or 19.97 percent.

It has touched an intraday high of Rs 170.30 and an intraday low of Rs 155.55.

There were pending buy orders of 233,915 shares, with no sellers available.

It was trading with volumes of 831,187 shares, compared to its five day average of 46,765 shares, an increase of 1,677.38 percent.

In the previous trading session, the share closed up 1.94 percent or Rs 2.70 at Rs 141.95.

The share touched a 52-week high of Rs 210 and a 52-week low of Rs 111.50 on 20 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 18.9 percent below its 52-week high and 52.74 percent above its 52-week low.

Market capitalisation stands at Rs 1,224.59 crore.

The company has commissioned two new manufacturing facilities - Precision engineering facility (Unit 3), and fabrication facility (Unit 4). Both are located in Bengaluru.

With these additions, the company’s total manufacturing footprint has expanded to approximately 2,43,000 sq ft.

Unimech Aerospace and Manufacturing was quoting at Rs 982.50, up Rs 41.75, or 4.44 percent.

It has touched an intraday high of Rs 988.10 and an intraday low of Rs 969.

In the previous trading session, the share closed down 0.89 percent or Rs 8.45 at Rs 940.75.

The share touched a 52-week high of Rs 1,523.60 and a 52-week low of Rs 851.20 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 35.51 percent below its 52-week high and 15.43 percent above its 52-week low.

Market capitalisation stands at Rs 4,996.69 crore.

AMCHEM SG, a wholly owned material overseas subsidiary of Manali Petrochemicals (MPL), has entered into a Share Purchase Agreement (SPA) with COIM S.p.A. – Chimica Organica Industriale Milanese for the proposed sale of its entire stake in Notedome, UK, which is a wholly owned material step-down subsidiary of MPL.

Manali Petrochemicals was quoting at Rs 71.34, up Rs 0.61, or 0.86 percent.

It has touched an intraday high of Rs 71.80 and an intraday low of Rs 71.00.

It was trading with volumes of 3,589 shares, compared to its five day average of 44,461 shares, a decrease of -91.93 percent.

It was trading with volumes of 3,589 shares, compared to its thirty day average of 67,293 shares, a decrease of -94.67 percent.

In the previous trading session, the share closed down 2.88 percent or Rs 2.10 at Rs 70.73.

The share touched a 52-week high of Rs 81.00 and a 52-week low of Rs 49.15 on 18 July, 2025 and 07 May, 2025, respectively.

Currently, the stock is trading 11.93 percent below its 52-week high and 45.15 percent above its 52-week low.

Market capitalisation stands at Rs 1,227.04 crore.

#1 Banking index to break first into new highs

#2 Like insurance as a space within financials

#3 Positive on consumer finance plays

The company has announced Monte South Commercial, a landmark office and retail development at Byculla, Mumbai, in a joint venture with Adani Realty.

The project spans approximately 1.2 million sq ft and has an estimated Gross Development Value (GDV) of Rs 3,400 crore.

Marathon Nextgen Realty was quoting at Rs 661.35, up Rs 0.35, or 0.05 percent.

It has touched an intraday high of Rs 679.95 and an intraday low of Rs 659.80.

It was trading with volumes of 4,888 shares, compared to its five day average of 60,927 shares, a decrease of -91.98 percent.

In the previous trading session, the share closed up 7.44 percent or Rs 45.75 at Rs 661.00.

The share touched a 52-week high of Rs 774.55 and a 52-week low of Rs 352.05 on 17 July, 2025 and 11 March, 2025, respectively.

Currently, the stock is trading 14.61 percent below its 52-week high and 87.86 percent above its 52-week low.

Market capitalisation stands at Rs 4,458.86 crore.

The bank has raised Rs 7,500 crore through the issuance of non-convertible Tier 2 bonds in the nature of debentures, with a face value of Rs 1 crore each, at a coupon rate of 6.93%.

State Bank of India was quoting at Rs 907.10, up Rs 0.25, or 0.03 percent.

It has touched an intraday high of Rs 910.40 and an intraday low of Rs 906.35.

It was trading with volumes of 190,669 shares, compared to its five day average of 638,206 shares, a decrease of -70.12 percent.

In the previous trading session, the share closed up 1.97 percent or Rs 17.50 at Rs 906.85.

The share touched a 52-week high of Rs 913.40 and a 52-week low of Rs 679.65 on 20 October, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 0.69 percent below its 52-week high and 33.47 percent above its 52-week low.

Market capitalisation stands at Rs 837,309.32 crore.

The Reserve Bank of India (RBI) has approved the appointment of Neeraj Gambhir as Executive Director of Axis Bank for a period of three years, effective October 20.

In July 2025, the Board had approved his appointment as a Wholetime Director, designated as Executive Director of the bank.

Axis Bank was quoting at Rs 1,236.55, up Rs 10.40, or 0.85 percent.

It has touched an intraday high of Rs 1,236.90 and an intraday low of Rs 1,223.

It was trading with volumes of 70,551 shares, compared to its five day average of 286,144 shares, a decrease of -75.34 percent.

In the previous trading session, the share closed up 2.17 percent or Rs 26 at Rs 1,226.15.

The share touched a 52-week high of Rs 1,247 and a 52-week low of Rs 934 on 27 June, 2025 and 27 January, 2025, respectively.

Currently, the stock is trading 0.84 percent below its 52-week high and 32.39 percent above its 52-week low.

Market capitalisation stands at Rs 383,698.02 crore.

#1 Profit sinks 59.1% to Rs 23.5 crore Vs Rs 57.4 crore, YoY

#2 Revenue drops 22.3% to Rs 169.8 crore Vs Rs 218.5 crore, YoY

Geojit Financial Services was quoting at Rs 75.35, down Rs 3.22, or 4.10 percent.

It has touched an intraday high of Rs 77.00 and an intraday low of Rs 73.11.

It was trading with volumes of 859,782 shares, compared to its five day average of 536,357 shares, an increase of 60.30 percent.

In the previous trading session, the share closed down 0.23 percent or Rs 0.18 at Rs 78.57.

The share touched a 52-week high of Rs 137.80 and a 52-week low of Rs 60.73 on 09 December, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 45.32 percent below its 52-week high and 24.07 percent above its 52-week low.

Market capitalisation stands at Rs 2,102.46 crore.

#1 Profit increases 18.3 percent to Rs 183.9 crore Vs Rs 155.5 crore, YoY

#2 Net interest income rises 17.1 percent to Rs 596.2 crore Vs Rs 509.2 crore, YoY

#3 Provisions and contingencies grow 32.7 percent to Rs 60.5 crore Vs Rs 45.6 crore, YoY

#4 Gross NPA falls to 2.91 percent Vs 2.98 percent, QoQ

#5 Net NPA declines to 1.21 percent Vs 1.22 percent, QoQ

SEBI has accepted the Revised Settlement Terms (RST) recommended by National Securities Depository's High-Powered Advisory Committee (HPAC). Accordingly, the market regulator has advised the company to comply with the non-monetary terms, if any, and remit a settlement amount of Rs 15.57 crore within 30 calendar days.

This settlement pertains to certain non-compliances observed during SEBI's inspection in the financial year 2023–24.

National Securities Depository was quoting at Rs 1,178.90, up Rs 8.35, or 0.71 percent.

It has touched an intraday high of Rs 1,182.00 and an intraday low of Rs 1,175.20.

In the previous trading session, the share closed down 0.04 percent or Rs 0.50 at Rs 1,170.55.

The share touched a 52-week high of Rs 1,425.00 and a 52-week low of Rs 880.00 on 11 August, 2025 and 06 August, 2025, respectively.

Currently, the stock is trading 17.27 percent below its 52-week high and 33.97 percent above its 52-week low.

Market capitalisation stands at Rs 23,578.00 crore.

Gold traded positive with gains of Rs 700, closing around Rs 1,27,750, supported by firm COMEX levels near USD 4,225. Festive demand in India continues to lend strength to prices, though post-festive profit booking may emerge as traders lock in gains.

The focus this week will remain on the US CPI and Core CPI data, which could guide market expectations on the Fed’s next rate action.

The prolonged US government shutdown has also kept a premium built into gold prices, sustaining its safe-haven appeal. The trading range is expected between Rs 1,25,000 and Rs 1,30,000.

#1 Like companies in the rare-earths space, PSUs will do well

#2 Like shipbuilding sector going forward, remain bullish on PSU stocks

#3 Expect more deals in financials space going ahead

#4 The Emirates-RBL deal is very encouraging

#5 Investors are not panicking even though returns have been lackluster

#6 Despite the negativity around tariffs, corporate India has climbed the wall of worries

The company has received the Establishment Inspection Report (EIR) after a GMP and a Pre-Approval Inspection (PAI) conducted by the United States Food & Drug Administration (USFDA) at formulations manufacturing facility FTO 11 in Srikakulam, Andhra Pradesh, India.

The USFDA has classified the inspection outcome as 'Voluntary Action Indicated (VAI)' and concluded that the inspection is officially closed under 21 CFR 20.64(d)(3).

On the back of positive global cues, the Indian indices opened higher on October 21 on the one-hour special ‘Muhurat Trading’ session on the occasion of Diwali.

The Sensex was up 267.08 points or 0.32 percent at 84,630.45, and the Nifty was up 80.90 points or 0.31 percent at 25,924.05. About 1016 shares advanced, 284 shares declined, and 85 shares unchanged.

Infosys, Tech Mahindra, Dr Reddy's Labs, Tata Motors, Adani Ports were among major gainers on the Nifty, while losers were ICICI Bank and Asian Paints.

Foreign investors (FIIs/FPIs) net bought Rs 790 crore worth of Indian equities on Monday, October 20. At the same time, domestic institutional investors (DIIs) net bought shares worth Rs 2,486 crore, according to provisional exchange data.

DIIs purchased shares worth Rs 15,690 crore and sold shares worth Rs 13,205 crore. In contrast, FIIs bought shares worth Rs 11,786 crore, but sold shares totalling Rs 10,996 crore.

For the year so far, FIIs have been net sellers of shares worth Rs 2.39 lakh crore, while DIIs have net bought shares worth Rs 6.03 lakh crore.

Benchmark indices are trading higher in the pre-opening session on the Muhurat day.

The Sensex was up 157.85 points or 0.19 percent at 84,521.22, and the Nifty was up 77.50 points or 0.30 percent at 25,920.65.

Infinity Asset Advisors has sold 16.54 lakh shares (representing a 0.52% stake) in DCB Bank at Rs 145.18 per share, for a total of Rs 24.01 crore.

In the previous trading session, the share closed up 12.23 percent or Rs 15.75 at Rs 144.55.

The share touched a 52-week high of Rs 150.70 and a 52-week low of Rs 101.35 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 4.08 percent below its 52-week high and 42.62 percent above its 52-week low.

Market capitalisation stands at Rs 4,643.16 crore.

Mateus has purchased 26 lakh shares in the company at Rs 150.6 per share, amounting to Rs 39.15 crore, from Arian Investment.

As of September 2025, Arian Investment held a 7.43% stake (78.53 lakh shares) in Bliss GVS Pharma.

In the previous trading session, the share closed up 2.40 percent or Rs 3.65 at Rs 155.85.

The share touched a 52-week high of Rs 190.65 and a 52-week low of Rs 105.05 on 31 July, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 18.25 percent below its 52-week high and 48.36 percent above its 52-week low.

Market capitalisation stands at Rs 1,647.16 crore.

BNP Paribas Financial Markets has net bought 1.18 crore equity shares (equivalent to a 1.9% stake) in the bank at Rs 317.85 per share, for a total of Rs 377.35 crore.

In the previous trading session, the share closed up 9.13 percent or Rs 27.35 at Rs 326.85.

The share touched a 52-week high of Rs 328.90 and a 52-week low of Rs 146 on 20 October, 2025 and 20 January, 2025, respectively.

Currently, the stock is trading 0.62 percent below its 52-week high and 123.87 percent above its 52-week low.

Market capitalisation stands at Rs 20,048.61 crore.

#1 Profit sinks 59.1% to Rs 23.5 crore Vs Rs 57.4 crore, YoY

#2 Revenue drops 22.3% to Rs 169.8 crore Vs Rs 218.5 crore, YoY

Aditya Kumar Halwasiya has acquired 2.01 crore shares (representing a 0.76% stake) in the bank at Rs 35.24 per share, amounting to Rs 70.83 crore.

In the previous trading session, the share closed up 15.74 percent or Rs 5.14 at Rs 37.80.

The share touched a 52-week high of Rs 38.97 and a 52-week low of Rs 22.12 on 20 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 3 percent below its 52-week high and 70.89 percent above its 52-week low.

Market capitalisation stands at Rs 9,891.31 crore.

India Max Investment Fund has sold 1.44 lakh shares (representing a 0.75% stake) in LT Elevator at Rs 134.08 per share, for Rs 1.93 crore.

As of September 2025, India Max Investment Fund had held 2.88 lakh shares (equivalent to a 1.5% stake) in LT Elevator.

In the previous trading session, the share closed down 4.21 percent or Rs 5.85 at Rs 133.15.

The share touched a 52-week high of Rs 164.00 and a 52-week low of Rs 125.33 on 09 October, 2025 and 30 September, 2025, respectively.

Currently, the stock is trading 18.81 percent below its 52-week high and 6.24 percent above its 52-week low.

Market capitalisation stands at Rs 255.16 crore.

The market started with a gap-up and remained volatile throughout the day on Monday. On the higher end, Nifty touched a high of 25,926 before closing around 25,850. Though there was some profit-taking at higher levels, the overall sentiment is likely to remain strong, with the potential to reach 26,000–26,200 in the short term.

The technical setup remains positive as long as the index stays above 25,700, below which it may move back into consolidation.

In what is expected to be the first major equity raise plan by Federal Bank since KVS Manian took charge as its MD & CEO, the bank is set to roll out a preferential issue for Rs 5,000 – 6,000 crore amounting to 9.99 percent of fresh equity capital into the bank. Read More

Shadowfax Technologies, PNGS Reva Diamond Jewellery, Rayzon Solar, and Asset Reconstruction Company and three more companies have received approval from the SEBI to go ahead with their fund raising via IPO plans. The regulator also gave green signal to IPOs of Sudeep Pharma, Safex Chemicals India, and Aggcon Equipments International. Read More

The Indian market extended its positive momentum, driven by better-than-expected Q2 results from major companies and festival optimism. Positive global cues further bolstered investor sentiment, with easing trade narratives between the US-China and rise in European market led by defense stocks. Additionally, improved FII inflows in the cash market turned the domestic market into a net buyer in October, following three consecutive months of selling.

PSU banks and mid-sized financial services led the charge, benefiting from potential acquisitions and improvement in margins & asset quality as per Q2 results. The oil industry also experienced notable gains, thanks to declining crude prices and a strengthening Indian rupee.

The important takeaway from Samvat 2081 is India’s huge underperformance. Even though there are many reasons, including Trump tariffs, for this underperformance, the single major factor is the sharp decline in India’s earnings growth to 5% in FY25 from average 24% during the three years before that. Since “ in the long run the market is a slave of earnings” the major trend, going forward, will depend on how earnings growth pans out.

The fiscal and monetary reforms implemented this year has started showing results. Particularly, the sales of automobiles and white goods have shot up early this festive season and, if this trend sustains, earnings growth will be good at around 8 to 10% in FY 26, accelerating to around 15 % in FY 27.

If this expectation materialises, the market will rally in Samvat 2082 compensating for the underperformance of Samvat 2081. In the short run the market may get a leg up from a possible India- US trade deal, but the long-term trend will be dictated by earnings growth.

Markets began the week on an upbeat note and extended their upward momentum, largely supported by favorable domestic cues. The Nifty index opened firm with a gap-up and moved higher initially, followed by a range-bound phase till the end. It eventually settled at 25,843.15, up 0.52%.

On the sectoral front, a mixed trend kept participants engaged, with IT, pharma, and banking leading the gains, while metal and auto traded on a muted note. The broader markets also displayed resilience, as both the midcap and smallcap indices advanced in the range of 0.4%–0.7%.

The market’s strength was underpinned by upbeat quarterly results from heavyweights such as Reliance, HDFC Bank, and ICICI Bank, along with expectations of sustained foreign inflows amid improving global risk sentiment. Additionally, the recent moderation in U.S. Treasury yields and a softer dollar further lifted investor confidence.

The continued buoyancy in the banking pack, coupled with rotational buying across other sectors, is driving the index higher with each passing session. As the Nifty approaches the 26,000 mark, some consolidation cannot be ruled out before a fresh breakout; however, the overall bias remains positive, with immediate support around 25,650 and major support near 25,450. We recommend maintaining a “buy on dips” approach, focusing on large-cap and quality midcap stocks that are showing consistent relative strength.

The Nifty extended its winning streak for the fourth consecutive session, closing 133 points higher, or 0.52%, at 25,843. Over the last four trading sessions, Nifty has added nearly 700 points, continuing the strong upward momentum that began from the 24,587.

Among Nifty constituents, Cipla, Reliance Industries, and Bajaj Finserv emerged as the day’s top performers, providing support to the index. However, ICICI Bank, Mahindra & Mahindra, and JSW Steel came under pressure, ending as laggards in today’s trade.

Sector-wise, barring Nifty Auto, Nifty Metal, and Nifty FMCG, which closed marginally lower, all other sectoral indices finished in positive territory. PSU Bank, IT, and Healthcare indices led the charge with strong gains, reflecting broad-based market optimism.

The broader markets mirrored this strength, with the Nifty Midcap 100 advancing 0.75% and the Nifty Smallcap 100 rising 0.46%. Market breadth was decisively positive, as indicated by a BSE advance-decline ratio of 1.45.

The Indian rupee began the week on a firm note, appreciating by 4 paise against the US dollar to settle at 87.93. The up move was largely driven by a drop in crude oil prices and strong equity markets.

Nifty is in continuation of a strong uptrend and the only visible resistance on chart is at an all-time high of 26277. On the downside, 25600 could offer near term support.

Gold prices have risen over 50% this year, fueled by a weaker USD, expectations of lower interest rates, strong central bank buying, and heightened geopolitical tensions. After touching a new all-time high of $4,381.21 per ounce on Monday, prices inched lower by 0.3% to $4,340.99 as investors began booking profits following the record run. Sustaining the rally could prove challenging, especially near the key $4,000–$4,400/oz psychological zone, though the broader bullish drivers remain intact.

If the Federal Reserve’s upcoming commentary signals deeper rate cuts or geopolitical risks intensify, gold could regain upward momentum. However, a stronger USD or a rise in real yields may lead to short-term corrections of around 5–10%.

For retail investors, there remain several ways to gain exposure even at these elevated levels. Digital or gold investment accounts offer convenient, low-entry access, while gold ETFs such as SPDR GLD provide liquidity and cost efficiency. More experienced investors can consider futures, options, or CFDs for leveraged exposure, or even gold-mining equities for higher but riskier returns.

Investors should adopt a disciplined approach gradually entering positions through dollar-cost averaging, diversifying across instruments, and tracking key triggers like U.S. inflation data and Federal Reserve guidance. Gold continues to be a compelling hedge and portfolio diversifier, but prudent risk management and awareness of volatility are essential to navigate the current market phase.

The yen slid after hardline conservative Sanae Takaichi was elected as Japan's first female prime minister, as investors bet that the move could bring about a muddied rate outlook and greater fiscal largesse.

The Japanese currency was last down 0.4% at 151.38 per dollar.

In the broader market, currencies were mostly rangebound on Tuesday, though the dollar reversed its losses from earlier in the session as it drew support from a weaker yen.

Sterling was down 0.16% to $1.3383, while the euro fell 0.1% to $1.1630, little helped by easing political uncertainty in France.

The U.S. dollar index was up 0.16% at 98.77, while the Australian dollar fell 0.21% to $0.6499.

Oil prices fell for a second day on Tuesday as concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world's top two oil consumers, weigh on the market.

Brent crude futures fell 17 cents, or 0.28%, at $60.84 a barrel. The U.S. West Texas Intermediate crude (WTI) contract for November delivery, set to expire on Tuesday, eased 0.52% to $57.22. The more active December contract was down 19 cents, or 0.33%, at $56.83.

The upside momentum continued in the market for the fourth consecutive sessions on Monday and closed the day higher by 140 points. After opening with an upside gap of 114 points, Nifty moved up further in the early part of the session and later shifted into a range bound action in the mid to later part of the session. The opening upside gap remains unfilled.

A reasonable positive candle was formed on the daily chart with long upper shadow. Technically, this market action indicates an uptrend continuation pattern with minor volatility at the highs.

We observe decisive breakout of the crucial hurdle of around 24500 levels as per daily and weekly chart and the market is in a sharp up trended movement post breakout. This is positive indication.

The underlying trend of Nifty continues to be positive. The next upside levels to be watched around 26300 in the next one week. However, having moved up sharply minor consolidation or dip can't be ruled out in the short term, which could be a buying opportunity. Immediate support is placed at 25700.

Solar panels maker Avaada Electro, the wholly owned subsidiary of Brookfield-backed Avaada Group, has filed Confidential Draft Red Herring Prospectus (DRHP) with the SEBI to raise funds via initial public offering (IPO). According to reports, the IPO size could be in the Rs 9,000-10,000 crore range. Read More

Gold prices inched lower on Tuesday, as investors booked profits after bullion hit a fresh high in the previous session on hopes of further interest rate cuts from the U.S. Federal Reserve and strong safe-haven demand.

Spot gold was down 0.3% at $4,340.99 per ounce, having hit an all-time high of $4,381.21 on Monday. U.S. gold futures for December delivery were flat at $4,357.80 per ounce.

The Nifty 50 has consistently closed in positive territory during the last five Muhurat trading sessions (2020–2024), delivering returns in the range of 0.40% to 0.90% on each occasion. With a blend of supportive technical indicators and improving fundamentals, overall market sentiment remains optimistic.

The Union Budget 2025–26’s announcement of zero income tax for individuals earning up to Rs. 1 lakh per month, coupled with the government’s move to rationalize the four-tier GST structure into two primary slabs, underscores a strong policy focus on stimulating domestic consumption.

Consequently, consumption-oriented stocks are expected to stay in focus. From a technical perspective, the broader outlook for the Nifty 50 remains constructive, and the “buy-on-dips” strategy is likely to prevail. Any corrective move towards the 25000–24800 zone could offer an opportunity to initiate fresh long positions, with initial upside targets placed around 25650–25700 levels.

Asian stocks rose on Tuesday as the prospect of easing trade tensions between the world's top two economies boosted risk sentiment, while the near-certainty of Sanae Takaichi becoming Japan's next prime minister sent the Nikkei to a record high.

US stocks jumped on Monday with finance and technology shares providing much of the upside muscle, as upbeat quarterly earnings results revived risk appetite and investors grew less fearful about regional bank credit quality.

A broad rally sent all three major U.S. stock indexes to a sharply higher close. The small cap Russell 2000 (.RUT), opens new tab outperformed its larger counterparts, rising 2.0%.

The Dow Jones Industrial Average rose 515.97 points, or 1.12%, to 46,706.58, the S&P 500 gained 71.12 points, or 1.07%, to 6,735.13 and the Nasdaq Composite gained 310.57 points, or 1.37%, to 22,990.54.

NSE is conducting a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on October 21.

The symbolic trading session will be held between 1:45 pm and 2:45 pm. The pre-opening session will take place from 1:30 pm to 1:45 pm.

Accordingly, the block deal session will be between 1:15 pm – 1:30 pm. Special pre-open session (for IPOs & relisted securities) will be between 1:30 pm – 2:15 pm.

Closing session time is fixed between 2:55 pm – 3:05 pm and trade modification cut-off time will be between 1:45 pm – 3:15 pm, announced NSE.

Indian equity market ended the last session of Samvat 2081 on a positive note, extending the winning run in the fourth consecutive session on October 20 led by buying across the sectors.

At close, the Sensex was up 411.18 points or 0.49 percent at 84,363.37, and the Nifty was up 133.3 points or 0.52 percent at 25,843.15. BSE Midcap index added 0.7%, and smallcap index rose 0.6%.

In the Samvat 2081, BSE Sensex and Nifty jumped more than 6 percent each.

Nifty Bank crossed 58,000 for the first time and touched fresh record high of 58,261.55. However, despite profit booking it manged to close above 58,000.

Reliance Industries, Shriram Finance, Bajaj Finserv, Cipla, Dr Reddy's Labs were among major gainers on the Nifty, while losers were ICICI Bank, Eternal, Adani Ports, JSW Steel, M&M.

On the sectoral front, PSU bank index up 3%, oil & gas, telecom up 1% each, while pharma, realty, metal, IT up 0.5% each.

The secret to investing is to figure out the value of something – and then pay a lot less - Joel Greenblatt