Muhurat Trading 2026: Nifty Tops 25,100 as Samvat 2083 Opens on Strong Note

Indian equity markets kicked off Samvat 2083 on a positive note during the special Diwali Muhurat trading session on Sunday, with the Nifty 50 climbing above 25,100 and the Sensex gaining over 400 points, defying global headwinds as heavyweights Tata Steel and Sun Pharma led gains on strong quarterly earnings. The one-hour session, steeped in tradition, saw benchmarks extend their winning streak to seven sessions, while smallcap indices outperformed, signalling broadening participation as the new Hindu calendar year begins.

What Happened

The Muhurat trading session, marking the commencement of Samvat 2083, witnessed the Sensex rise over 400 points and the Nifty 50 reclaim the psychologically important 25,100 level. According to the source, Tata Steel led the gainers, rising 2.5% after reporting a 16% year-on-year increase in Q2 net profit. A separate report states the stock hit a high of ₹192.19, gaining over 3% on the NSE. Sun Pharma advanced 1.5% for a fourth consecutive session, adding to the positive momentum in largecap names. The broader market breadth was strong, with smallcaps outperforming the benchmark indices. Earnings-driven moves were evident beyond the Nifty 50 universe as well: Finolex Cables surged 14% after its Q2 net profit climbed 67.5% to ₹273 crore, revenue increased 65% to ₹2,269 crore, and EBITDA more than doubled. Conversely, Safe Enterprises Retail Fixtures fell nearly 9% after reporting a 34.57% year-on-year decline in Q2 net profit to ₹21.75 crore. The report states that markets approached the session on a strong note, with the Nifty and Sensex extending their winning streaks to seven sessions.

Why It Matters for India

Muhurat trading is a symbolic one-hour session that traditionally sets the tone for the new financial year in the Hindu calendar (Samvat). A positive close is widely considered auspicious and often influences investor sentiment in the subsequent weeks. The session's gains assume greater significance against a backdrop of persistent global uncertainties — geopolitical tensions, volatile crude oil prices, and ambiguity around the US Federal Reserve's rate trajectory. The report notes that Dalal Street defied global gloom, underscoring domestic resilience. The outperformance of smallcap indices suggests risk appetite is returning and participation is broadening beyond the heavyweight names. Crucially, the sharp reactions to quarterly results — both positive (Tata Steel, Sun Pharma, Finolex Cables) and negative (Safe Enterprises) — highlight the market's increasing focus on fundamentals and earnings quality as the Q2 FY27 season unfolds. Kedia Advisory sees potential for the Nifty to reach 27,100–27,500 in Samvat 2083, providing a constructive forward-looking anchor.

Market Impact

Nifty 50 and Sensex

Both benchmarks closed firmly in the green, with the Nifty 50 above 25,100 and the Sensex up over 400 points. The advance-decline ratio favoured gainers. The positive close provides a favourable technical setup heading into the immediate expiry calendar. The next Nifty weekly expiry is on Tuesday, November 10, 2026 (in 1.37 days), with the monthly expiry on November 24 (in 15.37 days). For the Sensex, the weekly expiry falls on Thursday, November 12 (in 3.37 days), and the monthly on November 26 (in 17.37 days). Bank Nifty and FinNifty have no weekly expiries (discontinued), with monthly expiries on November 24. The session's strength may offer support for bullish positioning ahead of these expiries, particularly the near-term Nifty weekly.

Sectoral Impact

Metals & Mining: Tata Steel's 2.5–3% surge on a 16% YoY Q2 profit jump lifted sentiment across the metal pack, reinforcing the earnings-driven narrative. Pharmaceuticals: Sun Pharma's fourth straight session of gains underscores the defensive appeal and steady earnings visibility of the sector. Capital Goods / Electricals: Finolex Cables' 14% rally on the back of a 67.5% profit surge and 65% revenue growth highlights the structural tailwinds from electrification and capex cycles. Smallcaps: The outperformance of the smallcap index relative to the Nifty 50 signals improving liquidity and risk appetite, a healthy sign for market breadth.

Historical Context

Historically, Muhurat trading sessions are characterised by lower volumes but high symbolic value. In Samvat 2082 (2025), the Nifty 50 delivered approximately 12% returns over the year. In Samvat 2081 (2024), the benchmark rose over 20%. While a positive Muhurat session does not guarantee annual returns, it has often preceded constructive starts to the new Samvat. The current session is particularly noteworthy because it follows a seven-session winning streak for both the Nifty and Sensex — a strong technical precursor that adds credibility to the bullish bias. The Kedia Advisory target of 27,100–27,500 for Samvat 2083 implies a potential upside of 8–10% from current levels, aligning with historical average annual returns during strong Samvat years.

What to Watch

1. FII/DII Flow Data: Post-Diwali institutional flows will be the primary driver of near-term direction. 2. Q2 FY27 Earnings Season: A slew of Nifty 50 companies are scheduled to report this week; earnings surprises will dictate stock-specific and sectoral moves. 3. Global Macroeconomic Cues: US CPI data, Federal Reserve commentary, geopolitical developments, and crude oil price action remain key external variables. 4. Technical Levels & Expiries: Nifty 25,100 serves as immediate support; 25,300–25,400 as resistance. The November 10 weekly expiry and November 24 monthly expiry (Nifty, Bank Nifty, FinNifty) will guide options positioning. 5. RBI MPC Outlook: Expectations around the next monetary policy meeting will influence rate-sensitive sectors (banking, realty, auto). 6. Samvat 2083 Target: Market participants will track progress toward the Kedia Advisory projection of 27,100–27,500 on the Nifty.

Disclaimer

AlgoIntra provides AI-generated technical data and market commentary, not investment advice. F&O trading involves extreme risk of capital loss.