Fri Nov 01 19:03:03 UTC 2024: ## Indian Stock Market Starts New Year on a High Note

**Mumbai, November 1, 2024:** The Indian stock market kicked off the new Samvat 2081 year with a positive start, buoyed by strong buying in banking, auto, and oil & gas sectors. The benchmark Sensex gained 335.06 points, or 0.42%, to close at 79,724.12 during the special “Muhurat” trading session on Friday.

The Muhurat trading session, a one-hour symbolic event marking the beginning of the new Samvat year and new account books, took place between 6:00 PM and 7:00 PM.

The 50-stock Nifty index also rose 99 points, or 0.41%, to close at 24,304.35.

The last Samvat year, 2080, concluded on Thursday with a strong performance, with the Sensex rising by 22.31% and the Nifty by 24.60%. Investors saw their wealth surge by a whopping ₹124.42 lakh crore during the period.

While the Indian market opened on a positive note, global markets were mixed, with European shares rising in early trade and most Asian markets closing with losses.

Foreign institutional investors (FIIs) were net sellers in the Indian capital markets on Thursday, offloading shares worth ₹5,813.30 crore.

Despite the FII selling, the Indian market’s bullish performance during the special Muhurat session suggests a positive outlook for the new year. The upcoming months will see whether this optimism translates into continued growth.

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