Nifty and Sensex Close Strongly Before Diwali Muhurat Trading Session
Nifty 50 closed back above 25,000 for the first time since February 27, while Bank Nifty gained 8% over the week, according to TradingView's pre-session report.
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what happened
The Nifty 50 rose 2.01% on Friday to close at 25,030.35, reclaiming the 25,000 level for the first time since February 27. The Sensex gained 2.17% to 81,028.02. Both benchmarks posted their strongest weekly gains since February 2021, driven by renewed buying from foreign institutional investors, lower crude oil prices and solid corporate earnings, TradingView reported.
The special Muhurat Trading session on the NSE and BSE will run on Sunday from 2:20 pm to 3:30 pm, marking Diwali and the start of Samvat 2083. Bank Nifty climbed 8.04% over the week to close at 59,086, supported by strong buying in heavyweight bank stocks.
The analysts cited by the outlet remain optimistic but warn that the sharp rally could trigger profit-taking, and they recommend a selective approach. Options data shows the largest open interest in call contracts at the 25,000 strike.
why it matters
The market's momentum currently rests on inflows of foreign capital and cheaper oil. After seven sessions of gains, participants may begin taking profits, so the support and resistance levels the experts cite should be read as their views rather than a guarantee of where prices will go.
market impact
India: Nifty and Sensex supported by foreign buying, but profit-taking after the rally is possible
- Nifty 50 index pressure up — foreign investor inflows and lower oil prices supported the weekly rally
instruments
sources
- Diwali Muhurat Trading 2026: How to trade Nifty, Bank Nifty today? Key levels, support, resistance, strategies — TradingView, 8 November 2026 at 07:26 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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