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Samvat 2082: Diwali Muhurat Trading Recap, Key Levels, Sector Moves, and Expert Forecasts
India began Vikram Samvat 2082, the new Hindu calendar year, with the traditional one-hour ‘muhurat trading’ session on the eve of Diwali. The major indices exhibited moderate upside, reflecting cautious optimism amongst market participants. In this session, BSE Sensex finished at 84,426.34, up 62.97 points (0.07 %), and NSE Nifty 50 finished up 25.45 points (0.10 %) at 25,868.60.
Analysts noted that the session experienced lighter volumes, but that it is most notable for conveying solid investor confidence, aided by positive global incorporations and strong domestic sentiment. Technically, Nifty retained a bullish structure with immediate support in the 25,750 vicinity and breakout potential above 26,000 to 26,300 levels. Bank Nifty, however, registered only a slight decline at 26 points, finishing at 58,007.20.
Biggest Gainers on Sensex
The top gainers for the session on Sensex included Bajaj Finserv, Infosys, Axis Bank, Tata Steel, and Power Grid, while major players that lagged included Kotak Mahindra Bank, Maruti Suzuki, and HCL Technologies. Broader market indices were also able to demonstrate positive momentum, as the Nifty Midcap 100 was up 0.11 % and Smallcap 100 climbed upward by 0.52 %.
Sectoral Performance
On a sectoral basis, slight recoveries were seen in auto, metal, energy, and IT segments, while slight corrections were seen in banking and realty counters. All market exchanges were operational from 1.45 pm to 2.45 pm - BSE, NSE, MCX, and NCDEX, for the one-hour Muhurat trading that followed a pre-open period and block deal window, earlier in the day.
Analysts Outlook
Market analysts were generally bullish on the Samvat year of 2082, suggesting the Nifty may achieve levels of 30,000 and the Sensex will touch 95,000 by next Diwali based on domestic fundamentals, sustained gross domestic product growth, inflation at steady rates, and a population making necessary fiscal reforms, including GST 2.0 and benchmarking of rate cuts if achieved.
Several brokerages, including Axis, Kotak Securities, and HDFC Securities, made specific recommendations on over 50 stocks for the coming year, with firm favours to names like L&T, Bharti Airtel, JSW Energy, and SBI for growth in earnings.
Also Read: Reliance Industries Share Price Rises 3.53% to Rs. 1,466.80 Amid Growth Across Jio, Retail, and Oil Segments
Resilience and Opportunity Ahead
Samvat year 2082 has commenced on a positive note, highlighting the famous Hindu celebration for stock markets in India. Given the backdrop of domestic demand, policy change, and a softening of global economic headwinds, investors could see a slow and steady market rally driven by growth in earnings, and further signalling of resilience, wealth creation, and long-term growth in India’s market development.
