Diwali Muhurat Trading, an auspicious session in the Indian stock market, symbolises good fortune and the start of the financial new year as per the Hindu calendar. Observed during the festival of Diwali, it is a one-hour session where traders seek blessings for wealth and prosperity.
This article delves into Teji Mandi’s Diwali stock picks, key details of Muhurat Trading 2024, the recent performance of various Nifty sectoral indices, and an analysis of stock, gold, and silver returns over recent Samvat years.
Muhurat Trading Schedule 2024
For this year, Muhurat Trading is scheduled on Friday, November 1, 2024, during the evening hours. Here are the specifics:
- Date: Friday, November 1, 2024
- Timings: 6:00 PM to 7:00 PM IST
During this hour, investors and traders come together to mark a prosperous beginning in the markets.
Teji Mandi’s Exclusive Diwali Stock Picks
Teji Mandi unveils exclusive stock picks poised to illuminate your investment journey. Discover why Raj Vyas, VP, Teji Mandi, asserts, “Investing during festive seasons has historically led to remarkable gains,” and explore key stocks like HDFC Bank Ltd, Spicejet Ltd, JNK India Ltd (and more!), which are primed for growth. Don’t miss out on our expert insights and strategies tailored for this auspicious time!
Performance of Nifty Sectoral Indices
Let’s examine how different Nifty sectoral indices have performed over the past year, from November 2023 to October 2024:
Historical Stock Market Performance Over Recent Samvat Years
Over the past decade, stock markets have delivered mixed results. Below is a summary of the BSE Sensex and NSE Nifty 50 performances across the past 10 Samvat years:
The standout year was Samvat 2077, with the highest returns for both indices. Over the last decade, the market has generally posted double-digit returns, barring two years with slight declines.
Gold and Silver Performance: Samvat 2071 to 2080
Precious metals also showed notable returns over the years:
Despite fluctuations, both gold and silver provided solid returns, rewarding long-term investors.
Wrapping Up
Raj Vyas, Vice President at Teji Mandi, says, “As we step in Samvat 2081, the market is expected to stay stable but may see some ups and downs because of state elections in India and ongoing global issues, especially the conflict in the Middle East, which could affect supply chains. The results of the U.S. elections are also a factor. Earnings trajectory is also something that will be keenly watched. Despite these challenges, the overall market outlook is still positive”.
That’s it for today. We hope you’ve found this article informative. Remember to spread the word among your friends. Until we meet again, stay curious!
*This article is for informational purposes only. This is not investment advice.
*Disclaimer: Teji Mandi Disclaimer
