समाचार Samāchār · Business · 8 November 2026

Samvat 2083 opens flat. The Muhurat rally fades as markets price earnings, not festivals

The Sensex closed Sunday’s Diwali session at 80,999 and the Nifty at 24,986. An eight-session run ended. Pharma and metals rose. IT, telecom and private banks slipped.

India’s markets opened Samvat 2083 with a pause, not a leap. The Sensex closed Sunday’s special Muhurat session at 80,999.40, down 28.62 points. The Nifty 50 ended at 24,986.40, down 43.95 points or 0.18%. The move is small. The signal is that an eight-session rally stopped on the one day sentiment usually carries it.

The session ran from 2:20 pm to 3:30 pm under BSE and NSE notices. Buying came early. The Sensex touched 81,406 and the Nifty opened at 25,109.40. Profit-taking pulled both back under 81,000 and 25,000 by the close. India TV and Oneindia report that this ends a nine-year run of Muhurat gains.

The split inside the index was clear. Sun Pharma led the Sensex, up 2.96%, and pharma stocks rose through the session. Tata Steel gained as much as 3% after a Q2 FY27 consolidated profit of ₹3,700 crore, up more than 16% from a year ago. Mahindra & Mahindra was the top Sensex loser, down 0.92%. IndiGo, Trent, Infosys, Bharti Airtel and the large private banks also closed lower.

One red Diwali means little for builders. What it shows matters more. Companies that reported profit growth were bought on a holiday. The rest were sold. That is the discipline a market should keep through the year ahead. It is also the test every company heading to an IPO in Samvat 2083 will face.

What a founder takes from it: A flat Muhurat after an eight-day run is a market pricing earnings, not sentiment. Founders planning a listing in Samvat 2083 should expect to be judged on profit, quarter by quarter.