Tuesday’s one-hour Muhurat trading session – a time-honored ritual that symbolizes an auspicious beginning for investors – got off to a strong start but ended largely flat as early gains faded away.
The Sensex was up over 270 points on the open, while the Nifty briefly breached the 25,900-point mark, led by buying of largecap stocks like Infosys, HDFC Bank and Mahindra & Mahindra. However, profit-taking towards the close pared most of the gains, leaving both indices slightly higher for the day.
Still, the mood remained optimistic with investors enthusiastically participating in the symbolic transactions to usher in good fortune for the new Samvat year. The short session, held between 1:45 p.m. and 2:45 p.m., saw light volumes but healthy activity across major financial institutions, auto companies and energy stocks.
Meaning of Diwali Balipratipada
Diwali Balipratipada, also known as Govardhan Puja or Padwa, is celebrated a day after Diwali in honor of King Bali, whose devotion and righteousness earned him a special blessing from Lord Vishnu.
According to legend, Vishnu, in his Vamana avatar, gave Bali permission to visit his kingdom and people once a year – a day marked as Balipratipada. The festival symbolizes the triumph of good governance, humility and devotion over arrogance and greed. It also signifies renewal and prosperity and marks the beginning of a new financial and social cycle, making it very promising for traders and investors.
Summarizes 2082 prospects
Market experts said the positive opening of Samvat 2082 reflects expectations of an earnings-driven rebound after a quiet year for equities.
“Despite a robust pre-Diwali rally, Samvat 2081 was a year of consolidation. The market’s underperformance was driven by a sharp deceleration in earnings growth to around 5%,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
“The future trend will depend on how corporate earnings recover. If earnings grow 8-10% in FY26 and accelerate to 15% in FY27, markets could rebound strongly in Samvat 2082.”
The sentiment is widely shared among brokers. Amisha Vora, chairman and managing director at PL Capital, said optimism is gradually returning.
“India lagged global peers last year despite strong domestic fundamentals. But with earnings downward revisions largely behind us, the conditions for an earnings-led recovery are now in place. GDP growth of around 6.8% and declining liquidity create a favorable environment for Indian equities,” she says.
Thursday’s market session will see volumes return to normal as investors digest new corporate earnings and global signals. The focus will now shift to second quarter results, particularly from financial, energy and IT companies.
While global headwinds such as US-China trade tensions and crude oil price volatility persist, the consensus among market watchers is that India enters Samvat 2082 with better valuation comfort, fiscal stability and structural momentum.
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