Samvat 2080 marks a significant milestone in the Indian stock market, as it signifies the start of the new Hindu year or Vikram Samvat and a fresh beginning for investors.
The Vikram Samvat calendar is lunar, and the New Year typically begins with the celebration of Diwali. Thus, Samvat 2080 commenced around the time of Diwali in 2023 according to the Gregorian calendar.
This year, Samvat 2080 began on November 12, generating high anticipation among investors. It is important to be well-informed about muhurat trading.
Muhurat Trading: Overview
Muhurat trading, also known as auspicious trading, is a one-hour trading session that occurs on the day of Diwali in the Indian stock exchange. It is considered an auspicious opportunity to invest in stocks, and many traders believe it can bring wealth and prosperity.
Muhurat Trading: Importance
Muhurat Trading 2023 holds great significance for most Indian investors and traders, as it represents a promising occasion to initiate new ventures and invite success into their financial endeavors.
This unique blend of tradition and finance aligns with the belief that conducting trades during this specific time, known as a “Muhurat,” can bring abundance and achievement.
During the last two muhurat trading sessions, the stock market has closed with positive gains. In 2022, both the Sensex and Nifty indices rose by 0.88% during the one-hour trading session, while in 2021 they each gained 0.49%.
Tips to remember while investing in Samvat 2080
Research thoroughly – Before participating in muhurat trading, thoroughly research the stocks or sectors you plan to invest in. Look for companies with strong fundamentals and potential for growth.
Set realistic goals – Establish realistic investment goals and expectations for the Samvat. Do not expect to make significant gains in a short period.
Diversify your portfolio – Diversify your portfolio by investing in various sectors or asset classes. This helps mitigate risks and increases the likelihood of earning stable returns.
Stay informed about the market – Even though muhurat trading is a brief session, it is important to remain updated with market news and trends.
Control emotions – Avoid making impulsive trades based on short-term market movements, especially during the festive season when emotions may be heightened. It is crucial to make investment decisions based on logic and analysis rather than emotions.