World · India Bureau
Indian markets open higher as Samvat 2083 trading begins
Benchmark equity indices opened in positive territory during the traditional Muhurat trading session, marking the start of the new Hindu financial year Samvat 2083.
LSN India ·
The Sensex and Nifty50 both opened in green during the auspicious Muhurat trading session on Wednesday, signaling optimism as markets formally entered Samvat 2083, the new Hindu calendar year. The symbolic trading session, conducted after sunset hours, is a cherished tradition on Diwali that investors observe to usher in prosperity for the financial year ahead.
The positive opening reflects investor sentiment as market participants engage in the ritualistic trading that precedes the official market calendar. The Muhurat trading session, typically lasting for 15-60 minutes, serves as a ceremonial start to the financial year and has historically been viewed as an indicator of market sentiment.
Market participants remained hopeful as the new trading cycle commenced, with both major indices reflecting the traditional optimism associated with the new Samvat year. The performance during Muhurat trading often sets the tone for investor confidence in the weeks following the Diwali festivities.
The opening on positive notes comes as traders look ahead to the regular trading sessions in the coming weeks, with market dynamics likely to be influenced by various macroeconomic factors and global developments.