The headline reports that GIFT Nifty, the Nifty futures contract traded at GIFT City, pointed to a muted opening for Indian equities during the Muhurat trading session, a one-hour special session held on Diwali. Gift Nifty's pre-open indication typically reflects overnight global cues and offshore demand, so a flat signal suggests limited directional conviction among participants heading into the domestic session. Muhurat sessions are customarily low in volume and driven more by ceremonial and positional buying than by fresh macro repricing, which amplifies the influence of a few heavyweight or stock-specific names. Tata Steel and Divi's Laboratories are named as shares in focus, implying that index moves may be concentrated in metals and pharmaceuticals rather than broad-based. Traders should watch the opening auction and early volume in Nifty heavyweights, along with Monday's regular-session opening, for confirmation of whether the muted Muhurat tone carries into normal trading.
Muhurat Trading LIVE: GIFT Nifty signals muted open; Tata Steel, Divi's Labs shares in focus - Business Standard
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