The stock market kicked off the new Samvat Year 2081 with a strong start as the BSE Sensex rose nearly 448 points in a special Muhurat trading session. This increase was attributed to widespread buying by investors, with all of the index's constituents trading in the green. The 50-issue Nifty also saw a significant rise, with 47 of its constituents ending in the green. Major contributors to the Sensex's gains were Mahindra & Mahindra, Adani Ports, and Tata Motors.
Muhurat Trading: A Festive Start to the New Samvat Year
Muhurat trading is an auspicious occasion in the Indian stock market that marks the beginning of the new Samvat calendar year. It is a traditional practice that symbolizes wealth and prosperity for investors.
Background
The Samvat calendar is an ancient Hindu calendar used in India, Nepal, and parts of Southeast Asia. The new Samvat year typically starts in October or November. On the day of Muhurat trading, the stock market opens for a short session (usually 1 hour), and investors place orders with the belief that it will bring good fortune for the year ahead.
Significance of Muhurat Trading
Muhurat trading is seen as a way to seek divine blessings and augur well for future investments. Many investors believe that transactions made during this session are auspicious and will yield positive returns. It also provides an opportunity for investors to review their portfolios and make any necessary adjustments.
Recent Trends
In the Muhurat trading session for Samvat Year 2081, the BSE Sensex witnessed a strong rally, rising nearly 448 points. All 30 constituents of the index traded in the green, indicating widespread buying. The 50-issue Nifty also saw a significant increase, with 47 of its constituents ending in the green.
Top 5 FAQs
1. What is the significance of Muhurat trading? It is an auspicious occasion that marks the start of the new Samvat calendar year. Investors believe that transactions made during this session will bring good fortune.
2. Is Muhurat trading a guarantee of profit? While there is no guarantee of profit, many investors believe that making trades during this session is auspicious and may lead to positive returns.
3. When does Muhurat trading take place? It typically takes place on the day of Diwali, the Hindu festival of lights.
4. How long is the Muhurat trading session? It usually lasts for one hour, from 6:15 pm to 7:15 pm IST.
5. What are some of the popular stocks traded during Muhurat trading? Historically, blue-chip stocks like Reliance Industries, Infosys, and TCS have been popular picks.
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