On the festive eve, bulls pushed the BSE Sensex 355 points, or 0.55 per cent higher, to 65,259.45. NSE's Nifty50 gained 100.20 points, or 0.52 per cent, to end the Muhurat trading session at 19,525.55.
Bank Nifty discovered support at the 21-day Moving Average (DMA) before surging towards the day s peak. The prevailing trend indicates a potential movement of the index towards 44000/44200. At the lower end, 43500 is expected to serve as robust support. A breach below 43500 could potentially lead the index towards the range of 43000-42800.
Last year s Diwali was the best in recent years with the index ending 524.5 points higher while the worst Muhurat day was in 2017 when Sensex ended 194 points lower. The other year when the equity benchmark fell was in 2016.