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Historical data of the last ten years shows that the BSE benchmark Sensex ended the muhurat day trading sessions on a positive note, except 2017. The year 2017 (Samvat 2074) was the worst Diwali muhurat session in the last decade, with the Sensex losing 0.6% during the session.
On the other hand, the last muhurat session (Samvat 2079) was the best for traders as the Sensex gained 0.88% on that day. In the last one year, the BSE Sensex has gained nearly 6%, while the broader Nifty rallied 6.5% during the same period.
Going ahead, analysts expect Samvat 2080 to be an interesting year as the market is entering a critical period marked by state assembly elections in some key states this month, followed by general elections scheduled next year.
Pranav Haridasan, MD & CEO, Axis Securities, says, “Samvat 2080 will be quite a fascinating year to watch out for the global economy. We embark on this new Samvat with a narrative marked by ‘Higher for Longer’ interest rates, volatile bond yields, geopolitical conflicts in the Middle East, and fluctuating oil prices. However, on the domestic front, the prospects for the Indian economy appear notably brighter and more promising.”
“Amid a volatile global landscape, India remains in a favourable position for growth, which will be a significant driving force behind Indian equities in the foreseeable future. The improvement in the balance sheet strength of corporate India and the much-improved health of the Indian banking system are other positive attributes. They will ensure that Indian equities readily deliver double-digit returns in the next 2-3 years with the support of double-digit earnings growth,” he adds.
(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)
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