Broadly positive global markets along with lower crude oil prices pushed the key Indian equity indices higher during the special "Muhurat" trade session on Wednesday.
According to market observers, the special session to mark Samvat 2075 witnessed healthy buying in automobile, capital goods, oil and gas, banking and IT stocks.
Similarly, the 30-scrip sensitive index (Sensex) made gains during the trade session.
The S&P BSE Sensex, which opened at 35,301.88 points, closed at 35,237.68 points -- up 245.77 points or 0.70 per cent from Tuesday's close at 34,991.91 points.
"Markets ended the 'Muhurat' session with healthy gains. Nifty (Nifty50) and Sensex closed higher by 0.65 and 0.70 percentage (respectively)," Deepak Jasani, Head of Retail Research with HDFC Securities, told IANS.
"Auto stocks like Mahindra and Mahindra, Hero MotorCorp; Tech stocks like Infosys and those of OMC's (oil marketing company's) rose as crude prices fell," Jasani said. "Gains in the markets seem to usher in better times for the coming year."
The special trading session held every year on Diwali is considered to be auspicious for stock market trading.
It is believed that the "Muhurat" trading on this day brings wealth and prosperity throughout the year.
This ritual has been observed for ages by the trading community.
The Indian equity market will be closed on Thursday, November 8, to mark Diwali Balipratipada.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)