Fears of recession, sustained monetary tightening, and rising geopolitical tensions are factors that could weigh on the performance of the markets
The equity markets on Monday started Samvat 2079 on an upbeat note with the benchmark indices racking up a gain of nearly 1 per cent, the biggest gain in Muhurat trading in nearly 14 years.
The S&P BSE Sensex ended the ceremonial one-hour trading session at 59,832, with a gain of 525 points, or 0.9 per cent, while the Nifty 50 index ended at 17,731, up 154 points, or 0.9 per cent.
During the Muhurat trading session on October 28, 2008, the benchmark indices had climbed nearly 6 per cent. This was the fifth straight year when the market ended with gains on Muhurat day.
First Published: Oct 24 2022 | 8:31 PM IST