Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, extended their winning streak for the fourth day on Diwali. The stock market gains were primarily driven by investments in Reliance Industries and consistent foreign fund participation. Global market strength further bolstered market sentiment.The NSE Nifty advanced by 133.30 points or 0.52 per cent, closing at 25,843.15. The BSE Sensex concluded at 84,363.37, rising by 411.18 points or 0.49 per cent. During trading hours, it reached a peak of 84,656.56, gaining 704.37 points or 0.83 per cent.Among Sensex companies, Reliance Industries saw a notable increase of 3.52 per cent following its announcement of a 9.6 per cent year-on-year growth in net profit for the September quarter, supported by robust performance in retail and telecom operations, alongside improvements in its oil-to-chemicals division.Additional gainers included Bajaj Finserv, Axis Bank, State Bank of India, Tata Consultancy Services, Titan and Bharti Airtel.Conversely, ICICI Bank, Mahindra & Mahindra, Eternal, Adani Ports and Power Grid experienced declines.Asian markets demonstrated positive performance, with gains in South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng.European markets showed positive movements. American markets closed positively on Friday.Data shows Foreign Institutional Investors purchased equities worth Rs 308.98 crore on Friday. Domestic Institutional Investors acquired stocks valued at Rs 1,526.61 crore on the same day.“The Indian market extended its upward march on Monday, carrying forward the festive rally ahead of the Diwali Muhurat trading session. The Nifty-50 climbed, driven by strong buying in index heavyweights such as Reliance Industries,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.Brent crude, the global oil benchmark, decreased by 0.29 per cent to USD 61.11 per barrel.Friday saw the Sensex rise by 484.53 points or 0.58 per cent to 83,952.19. The Nifty increased by 124.55 points or 0.49 per cent to 25,709.85.The previous week recorded significant gains with the BSE benchmark rising 1,451.37 points or 1.75 per cent, whilst the Nifty advanced 424.5 points or 1.67 per cent.BSE and NSE will hold a special Muhurat trading session on Tuesday. This symbolic session is scheduled between 1:45 pm and 2:45 pm. While regular trading remains suspended on Tuesday, this special one-hour trading window will be operational.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
