On the holy festival of Diwali, once again the blessings of Goddess Lakshmi and traditional enthusiasm are clearly visible in the Indian stock market. Dalal Street came alive during the special one-hour 'Muhurat Trading' session being held on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) to mark the beginning of the new financial year of Samvat. In this traditional and very special trading session, investors bought with great enthusiasm, resulting in a strong rise in the major index Sensex. Market experts believe that this session has brought auspicious signs for investors at the beginning of the new financial year and is strengthening the business sentiment. Auspicious beginning of Samvat and historical importance of Muhurat trading. Muhurat trading on the day of Diwali has a different historical and emotional significance in Indian culture and financial world. Even though in today's modern digital age, paper accounts and similar accounts have been transformed into trading screens and demat accounts, the basic spirit of this tradition is still alive. Investors believe that investments made in this special time bring blessings of Goddess Lakshmi throughout the year and bring economic prosperity. This time too, investors followed this tradition with full devotion and as soon as the market opened, a phase of buying started in selected shares, due to which the mood of the market appeared very positive. Rise in Sensex and Nifty, which major stocks gained momentum During this short but very important session of Muhurat trading, tremendous buying inclination was seen among the market leaders. Both Sensex based on 30 shares and Nifty of National Stock Exchange closed trading in the green. Shares of auto sector giant Mahindra & Mahindra witnessed a tremendous rise on the basis of excellent quarterly results and closed with a gain of more than 6 percent. Apart from this, good buying was also recorded in shares of banking sector giants like ICICI Bank, HDFC Bank, Axis Bank, and Kotak Mahindra Bank as well as giant company Titan. Although there was slight slowdown in some selected stocks, but overall the overall performance of the market was enough to bring a smile on the faces of the investors. Future outlook and expert advice for investors Stock market experts and brokerage firms say that this boom in Muhurta trading is an indication that the fundamentals of the Indian economy are very strong. Despite global uncertainties, domestic investors and foreign institutional investors remain confident in the market. However, experts advise that while investing in the new Samvat year, instead of blindly running or panicking, one should focus on selected and strong quality stocks. From a long-term perspective, investing in auto, banking, pharma and select large-cap stocks can prove beneficial for investors, provided they maintain diversification and discipline in their portfolio.
