Muhurat Trading Day: Sensex closed positive 8 of 10 times on this day
Muhurat trading is traditionally held on the evening of Diwali, symbolizing new beginnings and prosperity. Investors treat this day as an opportunity to make fresh investments, believing that trades made during this auspicious hour will yield fruitful returns throughout the year. The atmosphere is charged with optimism as traders engage in buying stocks, often driven by sentiment rather than mere financial analysis.
Notably, the Sensex has closed positively in 8 of the last 10 years on this day, enhancing its reputation for bringing good fortune for investors. The Sensex has experienced substantial growth over the last ten years. From a value of approximately 26,850 points in 2014, it surged to an all-time high of about 85,978 points in September 2024. This impressive trajectory reflects an average annual growth rate that has consistently attracted both domestic and foreign investors. The index's performance is not just a reflection of market trends but also indicative of India's economic resilience and growth potential.
Bajaj Broking expects Nifty to aim for the 28,400 level by Diwali 2025.
«This target aligns with the rising trendline on the yearly chart that connects major highs since 2014, as well as the measuring implications of previous significant rallies. However, the upward movement is expected to be accompanied by volatility rather than a straight path. We believe a healthy correction will make the market healthy for long-term uptrend,» he said.
However, corporate earnings, after four consecutive years
