In first trading session of Samvat 2074, Sensex dives 194 pts

Benchmark indices post worst Muhurat day loss since 2007

Trading in Samvat 2074 got off to a rocky start, with the benchmark indices ending more than half a% lower and gauge for banking stocks dropping 1.25%. The BSE Sensex on Thursday fell 194.4 points, or 0.6% to close at 32,390, the Nifty 50 index fell 64.3, or 0.63% to close at 10,147.

The Indian markets were open for an hour-long Muhurat trading to mark the start of the new Hindu calendar year — Samvat 2074. This was worst Muhurat day performance since 2007, when markets had declined 0.8%.

The fall in the market was on account of a global