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Below are Views on Muhurat Trading session : Mr. Dhiraj Relli, MD & CEO, HDFC Securities

Indian markets opened gap up on muhurat trading session, as is usually the case, but gave up some part of the gains. IT, Realty and Pharma led the gains. Volumes remained high even for the shortened session. Smallcap indices did even better taking cues from Russel 2000 index in the US which outperformed the other indices last week. 

Positive sentiments on account of recent rally, continued FPI inflows and impact of gain in US markets overnight led to modest gains in Indian markets. Though trend in muhurat trading session does not determine that for the whole year, it gives a good feeling to start on a positive note.

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