Muhurat trading 2024 begins today, marking the start of Samvat 2081, the Hindu New Year. This unique trading session from 6 to 7 PM allows investors to make symbolic purchases, invoking blessings for a prosperous year. As Trivesh D, COO of Tradejini, notes, “Muhurat trading is more about tradition than returns, where investors often make token investments to honor the occasion.”
REFLECTING ON SAMVAT 2080
Indian markets had an impressive year in Samvat 2080, with the Nifty delivering a 25% return, making India one of the top-performing markets globally. This growth was supported by an 8.2% economic growth rate and stable inflation at 5.4%. India also made significant strides in sectors like smartphone production, aerospace, semiconductors, electric vehicles, and AI, reinforcing its emerging role as a manufacturing and technology leader.
OUTLOOK FOR SAMVAT 2081
Analysts hold an optimistic yet cautious outlook for the new year. While domestic demand and India’s global manufacturing footprint could drive markets to 28,400 by Diwali 2025, recent market corrections and notable foreign investor outflows suggest a prudent investment approach is essential.
INVESTMENT STRATEGIES
Amit Goel, CEO of MarketsMojo, advises a dual investment approach. For those with long-term goals, he recommends sectors with sustained relevance, such as technology, healthcare, renewable energy, and infrastructure. For shorter-term gains, he points to consumer goods and durables, which tend to perform well during and following the festive season.
TOP STOCK PICKS FOR MUHURAT TRADING
Religare Broking suggests conservative picks including BEL (targeting Rs 308-330), Federal Bank (targeting Rs 218-226), and Fortis (targeting Rs 665-680). Samco Securities offers a more diversified set of recommendations across sectors: HDFC Bank Ltd in banking, Persistent Systems Ltd for AI and digital innovation, Piramal Pharma Ltd in healthcare, and Tube Investments of India Ltd for manufacturing.
For those interested in precious metals, analysts suggest GoldBees ETF (targeting Rs 83, a 27% upside) and SilverBees ETF (targeting Rs 150, a 62% upside).
STRATEGIES FOR NEW INVESTORS
The “Buy on Dips” strategy remains popular, with experts recommending quality stock purchases during corrections, focusing on large-cap and established mid-cap stocks with support levels between 23,200-22,500. Banking, cement, and pharmaceuticals are also emerging as key areas for growth, with potential drivers like stronger deposit growth, public spending on infrastructure, and stable earnings.
FINAL TAKEAWAYS
While Muhurat trading carries festive significance, it’s also a strategic moment to start or build upon a long-term portfolio. A balanced approach, combining growth sectors with traditional assets like precious metals, can create stability amid market fluctuations. Dr. V K Vijayakumar from Geojit Financial Services advises investors to “focus on stock-specific investments where Q2 results are strong and earnings are reliable.”
Success in Samvat 2081 will likely be achieved by blending traditional wisdom with modern investment practices. Use this Muhurat trading session as an opportunity to reinforce your financial journey with thoughtful, well-placed investments for the year ahead.
