Nifty slips below 25,000 in Muhurat as Samvat 2083 opens on a mixed note

The Nifty slipped below 25,000 in the Muhurat Trading session on Sunday, marking a mixed start to Samvat 2083. The benchmark index fell 43.95 points, or 0.18 percent, to 24,986.40, just below the 25,000 mark. The BSE Sensex also dipped 28.62 points, or 0.04 percent, to 80,999.40. On the BSE, 3,253 stocks advanced while 947 declined, with 130 hitting 52-week highs.

Sectoral performance was mixed, with pharmaceutical and media stocks leading gains. Sun Pharma topped Nifty gainers at 2.96 percent, followed by Tata Steel at 2.09 percent and ONGC at 1.31 percent. However, SBI Life, IndiGo, and Bharti Airtel were the top laggards. Analysts remain cautiously optimistic, citing low valuations, high earnings growth, and potential oil price declines as factors that could drive bumper returns next Diwali. However, global risks and weak market breadth caution against recklessness.