Samvat 2073 ends on a tepid note

The key indices ended on a flat note on Wednesday, marking a tepid end to an otherwise eventful Samvat 2073 that saw the Sensex gaining 17 per cent and the Nifty around 18 per cent even as Rs 25 lakh crore was added to investor wealth.

By Our Special Correspondent in Mumbai
  • Published 19.10.17
  •  

Mumbai: The key indices ended on a flat note on Wednesday, marking a tepid end to an otherwise eventful Samvat 2073 that saw the Sensex gaining 17 per cent and the Nifty around 18 per cent even as Rs 25 lakh crore was added to investor wealth.

The final session of Samvat 2073 saw the BSE Sensex ending lower almost 25 points and the 50-share Nifty by around 24 points.

The Sensex resumed on a soft note at 32518.56 and remained under pressure. Though it attempted to break free to rise to an intra-day high of 32670.32, it gave up the gains. It closed the day at 32584.35, down 24.81 points, or 0.08 per cent. Likewise, the Nifty fell 23.60 points, or 0.23 per cent, to close at 10210.85 after moving between 10175.75 and 10236.45.

Both the bourses will hold a special muhurat trading session tomorrow between 6.30 pm and 7.30 pm to usher in Samvat 2074. The bourses will remain closed on Friday for "Diwali Balipratipada".

The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, during Samvat 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent, during this period.

These gains came on the back of huge liquidity, particularly from domestic investors. A key highlight of the year was that stocks rallied (after taking a break) despite major events such as demonetisation, implementation of the Goods and Services Tax (GST) and RERA, which caused disruptions in different segments of the economy.

These developments also impacted the country's economic growth. However, stocks continued their northward bound journey, boosted by huge domestic liquidity where demonetisation also played an important role.