The Samvat Year 2068 began on a cheerful note as the Bombay Stock Exchange sensitive index, Sensex gained 34 points during the 90-minute special Muhurat trading on Wednesday with public sector and blue chip stocks in great demand. A better trend in global market, as investors awaited an European Union summit on euro zone's debt crisis, further fuelled the market sentiment.

The Sensex, which gained 470 points in the last two trading sessions, rose by 34 points to 17288.83, after touching a high of 17350.49.

The BSE has decided to annul all the derivatives trades done on October 26.

In a communication, it said, “Trading members of the exchange are hereby informed that due to large movement of Sensex futures observed during the special session conducted as Muhurat trading for Diwali on the BSE, it has been decided to annul all the derivatives trades done on October 26, 2011 under Bye Law 1.46 of Derivatives segment.”

The exchange has suspended the concerned member from trading any further in proprietary position on the exchange in all segments and has commenced detailed investigation in the matter, the communication added. — PTI