Muhurat trading: Nifty slips below 25,000 to close at 24,986 as banks fall; Hyderabad’s Divi’s Labs jumps 7.5%

Deepavali’s Muhurat trading session ended in the red for the Nifty 50 on Sunday, 8 November. The index closed at 24,986.40, down 43.95 points or 0.18%, and fell back under the 25,000 mark it had crossed on Friday, the National Stock Exchange’s closing data show.

The Nifty opened higher, at 25,070.45, and rose as far as 25,131.85, about 101 points above Friday’s close of 25,030.35. It could not hold that level. By the end of the hour it had finished just 1.10 points above the session’s low of 24,985.30. Of the 50 stocks in the index, 32 ended lower, 17 higher and one unchanged.

Bank shares were among the weakest. The Nifty Bank index lost 235.35 points, or 0.40%, to 58,850.65, with HDFC Bank down 0.53% and ICICI Bank down 0.39%. SBI Life Insurance fell 1.11%, InterGlobe Aviation, which runs IndiGo, 1.07% and Bharti Airtel 1.03%, the three biggest falls in the Nifty 50.

Drug makers gain, Divi’s leads

Pharma stocks moved the other way. The Nifty Pharma index rose 1.74% to 28,427.75. Sun Pharmaceutical gained 2.96% to Rs 1,915, the largest rise in the Nifty 50, ahead of Tata Steel at 2.09% and ONGC at 1.31%.

Hyderabad-based Divi’s Laboratories climbed 7.52% to Rs 11,097, the biggest gain among the 20 stocks in the Nifty Pharma index. Laurus Labs, also from Hyderabad, rose 1.28% and Aurobindo Pharma 0.22%. Dr Reddy’s Laboratories slipped 0.22% to Rs 1,370 and Sai Life Sciences dropped 2.30%. Smaller companies held up better than the leaders: the Nifty Smallcap 100 gained 1.01% to 19,166.40 and the Nifty Midcap 100 added 0.13%.

Against last year’s session

Turnover in Nifty 50 shares came to Rs 4,963 crore, up from Rs 3,831 crore in the 2025 Muhurat session on 21 October 2025. That session closed with the Nifty at 25,868.60, a gain of 25.45 points. Sunday’s close is 882.20 points below it.

Continuous trading ran from 2:20 pm to 3:30 pm under an NSE circular of 19 October. Normal trading hours return on Monday, 9 November. Tuesday, 10 November, is a market holiday for Diwali Balipratipada.